A Peek Into The Market Before The Trading Starts

Pre-open movers

US stock futures are lower this morning. Futures for the Dow Jones Industrial Average declined 44 points to 15,024.00 and S&P 500 index futures fell 5.90 points to 1,623.70. Nasdaq 100 futures descend 12.25 points to 2,963.25.

A Peek Into Global Markets

European markets were lower today. The STOXX Europe 600 Index dropping 0.35%, London's FTSE 100 index fell 0.28%, French CAC 40 Index declined 0.14% and German DAX 30 index descend 0.36%. Asian markets were mostly lower today, with Japan's Nikkei Stock Average jumping 1.20%, China's Shanghai Composite descend 0.22% and Australia's S&P/ASX 200 index surged 0.07%. Hong Kong's Hang Seng Index fell 1.42% and India's Sensex declined 2.14%.

Broker Recommendation

Analysts at Barclays downgraded Allot Communications

ALLT

from “overweight” to “equal-weight.” The target price for Allot Communications has been lowered from $21.00 to $13.00. Allot Communications' shares closed at $12.34 on Friday.

Breaking news

KVH Industries KVHI today announced that it has acquired Headland Media Limited, a media and entertainment services company. To read the full news, click here.
Hawaiian Telcom Holdco HCOM today announced plans to seek to refinance its existing $300 million senior secured credit facility. To read the full news, click here.
AsiaInfo-Linkage ASIA, a leading provider of telecommunication software solutions and services in China and the largest Business Support System supplier to the telecommunications industry in Asia, and CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd. announced today the signing of a definitive merger agreement under which AsiaInfo-Linkage will be acquired by a private investor consortium led by CITIC Capital Partners. To read the full news, click here.
Triple-S Management Corporation GTS today announced that certain selling shareholders intend to commence a public secondary offering of 5,400,368 shares of the Company's Class B common stock (the "Offering"). To read the full news, click here.

Market News and Data brought to you by Benzinga APIs

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