A Peek Into The Market Before The Trading Starts

Pre-open movers
US stock futures are higher this morning as crude oil futures surged above $106 per barrel. Futures on the Dow Jones Industrial Average surged 37 points to 12,191.00 and futures on the S&P 500 stock index climbed 4.80 points to 1,325.10. Nasdaq 100 futures rose 12.75 points to 2,372.50.


A Peek Into Global Markets

Positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.61%, London's FTSE 100 Index moved up 0.79%.

Most Asian markets ended lower, with Japan's Nikkei Stock Average dropping 1.76%, Australia's S&P/ASX 200 moving down 1.26% and China's Shanghai Composite rising 1.84%. Hong Kong's Hang Seng Index fell 0.41% and India's Sensex dipped 1.38%.

Broker Recommendation
Analysts at Goldman downgraded WMS Industries Inc WMS from “neutral” to “sell.” The target price for WMS has been lowered from $40 to $32.50.

WMS shares dropped 0.35% to close at $39.35 on Friday.

Breaking news

• Arcelor Mittal MT, the world's largest steelmaker, and Brazil's Vale VALE, the world's largest iron ore producer, are among six companies in a heated competition to Mongolia's Tavan Tolgoi mine, the world's largest coking coal deposit that has yet to be mined. To read the full news, click here.



• Ciena Corp CIEN reported its Q1 loss at $0.14 per share, versus the expected loss of $0.16 per share. To read the full news, click here.



• Daqo New Energy Corp DQ reported its Q4 EPS at $0.95, up from $0.40, in the year-ago period. To read the full news, click here.



• Enstar Group Limited ESGR reported its FY10 earnings at $174.1 million, or $12.66 per share. To read the full news, click here.

Read more from Benzinga's Markets.