A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher this morning. The Eurozone leaders agreed on the form of the second Greek bailout. Futures on the Dow Jones Industrial Average surged 41 points to 12,731.00 and futures on the S&P 500 stock index rose 2.30 points to 1,344.80. Nasdaq 100 futures gained 1.50 points to 2,411.50. A Peek Into Global Markets Asian markets ended higher, with Japan's Nikkei Stock Average gaining 1.2159%, Australia's S&P/ASX 200 moving up 1.04% and China's Shanghai Composite rising 0.18%. Hong Kong's Hang Seng Index rose 2.0808% and India's Sensex jumped 1.53%. European markets were higher today. The STOXX Europe 600 Index has gained 0.73%, London's FTSE 100 Index moved up 0.91%, German DAX 30 index rose 0.57% and France CAC 40 index surged 0.93%. Broker Recommendation Analysts at Benchmark Company downgraded Travelzoo Inc TZOO from “buy” to “hold.” The target price for Travelzoo has been lowered from $124 to $80. Travelzoo shares gained 2.32% to $57.30 in after-hours trading. Breaking news

• Schlumberger Ltd SLB reported a 64% rise in its second-quarter net income. Schlumberger's quarterly profit surged to $1.34 billion, or $0.98 per share, from $818 million, or $0.68 per share, in the year-ago period. To read the full news, click here.
• 3M MMM announced earlier today that it has entered into an agreement to acquire the do-it-yourself and professional business of GPI Group. To read the full news, click here.
• SunTrust Banks Inc STI released its results for the second quarter on Friday. SunTrust reported its quarterly profit available to common shareholders at $174 million, or $0.33 per share, versus a loss of $56 million, or $0.11 per share, in the year-ago period. To read the full news, click here.
• General Electric Co GE reported a 21% rise in its second-quarter net income. GE's quarterly earnings surged to $3.77 billion, or $0.35 per share, from $3.11 billion, or $0.28 per share, in the year-ago period. To read the full news, click here.