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 tumbled 85 points to 12,483.00 and S&P 500 index futures fell 10.30 points to 1,316.50. Nasdaq 100 futures dropped 16 points to 2,557.50. A Peek Into Global Markets European markets were lower today. The STOXX Europe 600 Index fell 1.05%, London's FTSE 100 Index dropped 0.63%, French CAC 40 index fell 1.74% and German DAX 30 index declined 1.58%. Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.72%, China's Shanghai Composite dropping 1.63% and Australia's S&P/ASX 200 dropping 0.53%. Hong Kong's Hang Seng index declined 0.51% and India's Sensex fell 0.53%. Broker Recommendation Analysts at Deutsche Bank downgraded AutoNation AN from “hold” to “sell.” The target price for AutoNation has been lowered from $29 to $24. AutoNation shares dropped 0.22% to close at $35.87 on Friday. Breaking news

• Watson Pharmaceuticals WPI today announced that it has entered into a new senior secured term loan facility in an aggregate principal amount of $1.8 billion. To read the full news, click here.
• Dunkin' Brands Group DNKN today announced it expects to increase its legal reserve in its current quarter in relation to the Quebec Superior Court's ruling in the Bertico litigation, as referenced in the Company's 8-K filing issued this morning. To read the full news, click here.
• Teleflex TFX announced it has acquired Semprus BioSciences. The acquisition includes the core Semprus Sustain™ Technology. To read the full news, click here.
• An innovative Airborne Multi-Intelligence Laboratory (AML) developed by Lockheed Martin LMT for intelligence, surveillance and reconnaissance (ISR) is now being used by the Italian Air Force in a live operational environment. To read the full news, click here.