A Peek Into The Market Before The Trading Starts

Pre-open movers US stock futures are higher, this morning as Ireland received a $113 billion aid package. Futures for the Dow Jones Industrial Average gained 25 points to 11,055, while those for the S&P 500 index moved up 2.50 points to 1,186. Futures for the Nasdaq 100 index gained 2.50 points to 2,149. A Peek Into Global Markets Negative sentiments ruled the European markets today. While STOXX Europe 600 Index has lost 0.19%, London's FTSE 100 Index moved down 0.29%. Most of the Asian markets ended in the positive territory, with Japan's Nikkei Stock Average adding 0.86%, Australia's S&P/ASX 200 moving up 0.35% and China's Shanghai Composite falling 0.19%. Broker Recommendation Citi Investment Research is raising its price target on Ameriprise Financial, Inc. AMP to $56 from $50 and is keeping its Hold/Medium Risk rating on shares. In a note sent to clients Citi writes, "The change to our rating is primarily valuation driven as we have also raised our target price to $56 and increased our 2010-2012E to $4.50, $5.35, and $5.85, respectively. Following AMP's recent Investor Day and consistent with our improved risk assessment and earnings outlook, we have even greater confidence in management's ability to both successfully integrate Columbia Asset Management and continue to achieve strong growth from the Advice & Wealth Management retail brokerage operations. But, following a YTD 33.5% rise in the share price, that upside is now captured by a full relative valuation at an approximate 20% premium to the life peer group." Shares of AMP lost 39 cents on Friday to close at $51.81, a loss of 0.75%. Breaking news

• Inergy, L.P. NRGY today reported record results of operations for the fiscal fourth quarter and year ended September 30, 2010. To read the full news, click here.
• TransDigm Group Incorporated TDG, announced today that it has entered into a definitive agreement to acquire the Actuation Business of Telair International Inc., a wholly-owned subsidiary of Teleflex Incorporated TFX. To read the full news, click here.
• 3SBio Inc. SSRX today announced that is has acquired worldwide rights of pegsiticase for all indications from EnzymeRx for a total consideration of US$6.25 million. To read the full news, click here.
• Crude oil hit a two-week high early Monday morning, following a European Union-approved Irish rescue package. Crude oil futures hit $85 a barrel on hopes that European debt problems are temporarily resolved. To read the full news, click here.

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