Pre-open movers
US stock futures are higher this morning, ahead of a confidence vote in the Greek parliament later in the day. Futures on the Dow Jones Industrial Average surged 46 points to 12,059.00 and futures on the S&P 500 stock index rose 5.20 points to 1,279.00. Nasdaq 100 futures gained 8.50 points to 2,208.50.
A Peek Into Global Markets
Asian markets ended higher, with Japan's Nikkei Stock Average rising 1.1261%, Australia's S&P/ASX 200 moving up 1.17% and China's Shanghai Composite surging 1.01%. Hong Kong's Hang Seng Index rose 1.1624% and India's Sensex jumped 0.31%.
European markets were higher today. The STOXX Europe 600 Index has gained 0.61%, London's FTSE 100 Index moved up 0.70%, German DAX 30 index rose 0.72% and France CAC 40 index gained 1.0222%.
Broker Recommendation
Analysts at Credit Suisse downgraded Research in Motion Limited RIMM from “outperform” to “neutral.” The target price for RIMM has been lowered from $70 to $30.
RIMM shares rose 0.04% to $25.90 in pre-market trading.
Breaking news
Market News and Data brought to you by Benzinga APIs- Facebook now holds third place in total U.S. online display advertising revenues, according to a new survey. To read the full news, click here.
- Eli Lilly and Company LLY, together with Amylin Pharmaceuticals, Inc. AMLN and Alkermes, Inc. ALKS, announced today that the European Commission has granted marketing authorization to BYDUREON. To read the full news, click here.
- CorMedix Inc. CRMD announced it has received a Special Protocol – Agreement letter from the U.S. Food and Drug Administration regarding a Special Protocol Assessment on the design of a pivotal Phase 3 trial for the Company's oral formulation of CRMD001 in the prevention of Contrast-Induced Acute Kidney Injury. To read the full news, click here.
- LaBarge, Inc. LB has been awarded a contract from The Boeing Company to produce wiring harnesses for the Aegis Ballistic Missile Defense Standard Missile-3 System. To read the full news, click here.
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