Pre-open movers
US stock futures traded slightly lower in early pre-market trade. The US Treasury monthly budget report for November will be released at 2:00 p.m. ET. Futures for the Dow Jones Industrial Average dropped 12 points to 17,768.00, while the Standard & Poor's 500 index futures fell 1.60 points to 2,055.90. Futures for the Nasdaq 100 index dropped 2.75 points to 4,288.00.
A Peek Into Global Markets
European markets were higher today, with the Spanish Ibex Index rising 0.45%, STOXX Europe 600 Index gaining 0.39%. German DAX 30 index climbed 0.64%, French CAC 40 Index jumped 0.35% and London's FTSE 100 Index rose 0.13%. UK trade deficit for goods narrowed to 9.6 billion pounds ($15.1 billion) in October, versus a revised GBP10.5 billion in September.
In Asian markets, Japan's Nikkei Stock Average fell 2.25%, Hong Kong's Hang Seng Index rose 0.16%, China's Shanghai Composite Index climbed 2.93% and India's Sensex rose 0.12%.
Broker Recommendation
Analysts at BMO Capital upgraded American Eagle Outfitters AEO from Market Perform to Outperform. The price target for American Eagle has been raised from $12 to $15.
American Eagle's shares closed at $12.51 yesterday.
Breaking news
Market News and Data brought to you by Benzinga APIs- Costco Wholesale COST reported a better-than-expected profit for the first quarter. To read the full news, click here.
- Ono Pharmaceutical Co OPHLF, Bristol-Myers Squibb Company BMY and Kyowa Hakko Kirin Co KYKOF announced today the companies have entered into a clinical trial collaboration agreement to conduct a Phase 1 combination study with Opdivo (nivolumab), a PD-1 immune checkpoint inhibitor, and mogamulizumab, an anti-CCR4 antibody. To read the full news, click here.
- KNOT Offshore Partners LP KNOP announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, had entered into a share purchase agreement to acquire KNOT Shuttle Tankers 20 AS, the company that owns the shuttle tanker Dan Cisne, from Knutsen NYK Offshore Tankers AS for a purchase price of $103.0 million less approximately $82.1 million of existing bank debt related to the Dan Cisne. To read the full news, click here.
- Tuniu TOUR today announced that the Company has signed a strategic agreement with Ctrip.com International CTRP to expand their collaboration on shared travel resources. To read the full news, click here.
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