A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures moved down today, as investors awaited several reports that could give some more hints about the position of American businesses. Futures on the Dow Jones Industrial Average fell 26 points to 10,483 and S&P 500 futures declined 4.90 points to 1,116. Nasdaq 100 futures sank 5 points to 1,935. A Peek Into Global Markets Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 0.54%, London's FTSE 100 Index moved down 0.17%. Asian markets ended in the negative territory, with Japan's Nikkei Stock Average losing 0.07%, Australia's S&P/ASX 200 moving down 1.12% and China's Shanghai Composite losing 1.89%. Broker Recommendation Equinix, Inc. EQIX is a top investment idea, according to Piper Jaffray, and is also an industry leader in a fast-growing industry with high investment returns and attractive valuation. Strong industry trends are evident for Equinix. The company earns 20-30% on its investments in new facilities and is driven by ~60% flow through to EBITDA, as customers are willing to pay a premium for Equinix's serivices, Piper Jaffray reports. Equinix is also the only global provider (of one-stop shopping) for its multi-national customers. Piper Jaffray reiterates its Overweight rating and price target of $124. Equinix, Inc. closed yesterday at $95.73. Breaking news

• Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation EGO announces completion of the acquisition of the Xiaoshiren Central exploration license, located 20 km southeast of our White Mountain gold mine in Jilin Province, China. To read the full news, click here.
• Goldman Sachs Group Inc GS was hit with a gender bias lawsuit by three women who said Wall Street's most profitable bank maintains an "outdated corporate culture" that systematically deprives women of pay and promotions available to men. To read the full news, click here.
• Calix, Inc. CALX and Occam Networks, Inc. OCNW today announced that the companies have entered into a definitive agreement for Calix to acquire Occam Networks in a stock and cash transaction valued at approximately $171 million, which is approximately $7.75 per outstanding share of Occam Networks stock. To read the full news, click here.
• FedEx Corp FDX has reported in-line earnings for the fiscal first-quarter and issued its earnings guidance. To read the full news, click here.

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