A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are slightly higher this morning. Gold and silver futures continued to recover from the last week's losses. Futures on the Dow Jones Industrial Average gained 19 points to 12,719.00 and futures on the S&P 500 stock index rose 1.70 points to 1,355.50. Nasdaq 100 futures surged 1 point to 2,410.25. A Peek Into Global Markets Most Asian markets ended higher, with Japan's Nikkei Stock Average surging 0.46%, Australia's S&P/ASX 200 moving up 1.14% and China's Shanghai Composite declining 0.25%. Hong Kong's Hang Seng Index fell 0.19% and India's Sensex gained 0.57%. European markets were higher today. The STOXX Europe 600 Index has gained 0.70%, London's FTSE 100 Index moved up 0.07%. Broker Recommendation Analysts at Societe Generale downgraded Research In Motion Ltd RIMM from “buy” to “hold.” The target price for RIMM has been lowered from $70 to $50. RIMM shares fell 0.53% to $45.02 in pre-market trading. Breaking news

• American International Group, Inc. AIG announced today that it and the U.S. Department of the Treasury, as the selling shareholder, have commenced a registered public offering of AIG common stock, par value $2.50 per share. To read the full news, click here.
• IDEX Corporation IEX announced today that it has entered into a definitive agreement to acquire CVI Melles Griot, from Norwest Equity Partners. To read the full news, click here.
• Teva Pharmaceutical Industries Ltd TEVA reported a 6.7% rise in its first-quarter net income. The company also affirmed its projections for the full year. To read the full news, click here.
• ArcelorMittal MT reported a 67% rise in its first-quarter net income on Wednesday. To read the full news, click here.

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