A Peek Into The Market Before Trading Starts

Pre-open movers US stock futures fell today, as investors remain concerned over the financial health of the European banks just prior to the start of the Federal Reserve’s two-day meeting to set interest rates. A Peek Into the Global Markets All European markets have opened in the red today, after the downgrade of BNP Paribas by Fitch Ratings, which weighed on the markets. While the Stoxx Europe 600 fell 1.2%, the FTSE 100 Index has slipped 1.41% in early market trading. The major Asian stock market indices closed lower today, with Japan's Nikkei stock average losing 1.22%, Hong Kong's Hang Seng slipping 0.45% and Australia’s S&P/ASX 200 declining 1.11%. Broker Recommendation Ticonderoga Securities has downgraded T Rowe Price Group TROW from “buy” to “neutral.” While the company maintains high organic growth, the analysts prefer to take a cautious stance over the 401k issue, which has been one of TROW’s strong points. Breaking news

• Walgreens WAG has reported a 6.1% increase in its Q3 2010 sales.
• Dell DELL is contemplating going private. At a Sanford Bernstein Conference held in the earlier part of this month, Chief Executive Michael Dell confessed that the company had delved into the option of going private.
• Adobe Systems Inc (ADBE) is likely to record heavy gains in profits and sales for the second quarter when it reports its results after the market closes today. The company had seen strong sales of Creative Suite 5, which is its flagship product.
• Lawyers for the Federal Trade Commission (FTC) and Intel Corporation INTC today filed a joint motion to suspend the proceedings of an administrative case filed by the FTC on December 16, 2009. The parties are considering a potential settlement of the case. To read more, click here.

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