A Peek Into The Markets: U.S. Stock Futures Edge Higher; Lululemon Profit Misses Views

Pre-open movers US stock futures traded higher in early pre-market trade. The job openings report for April will be released at 10:00 a.m. ET, while EIA's report on petroleum inventories will be released at 10:30 a.m. ET. Futures for the Dow Jones Industrial Average jumped 22 points to 17,956, while the Standard & Poor's 500 index futures rose 3.25 points to 2,113.75. Futures for the Nasdaq 100 index gained 4.5 points to 4,519. Oil prices also traded higher as Brent crude futures gained 1.42 percent to trade at $52.12 per barrel, while US WTI crude futures also gained 1.39 percent to trade at $51.00 a barrel. A Peek Into Global Markets European markets were lower today, with the Spanish Ibex Index falling 0.63 percent, STOXX Europe 600 Index declining 0.39 percent and German DAX 30 index dropping 0.49 percent. The UK's FTSE index was trading lower by 0.02 percent, while French CAC 40 Index fell 0.37 percent. U.K. industrial production increased 2 percent in April. In Asian markets, Japan's Nikkei Stock Average rose 0.93 percent, Hong Kong's Hang Seng Index fell 0.14 percent, China's Shanghai Composite Index slipped 0.30 percent and India's BSE Sensex gained 0.04 percent. China's exports declined 4.1 percent in May, while imports dropped 0.4 percent year-over-year in the same period. Broker Recommendation Analysts at Barclays downgraded VeriFone Systems Inc PAY from Overweight to Equal-weight and lowered the price target from $37.00 to $23.00. VeriFone shares fell 30.59 percent to $19.51 in pre-market trading. Breaking news

• Lululemon Athletica inc. LULU reported weaker-than-expected adjusted earnings for the first quarter. However, revenue came in above the expected level. The company's earnings forecast for the second quarter also fell short of the expectations. To read the full news, click here.
• Micron Technology, Inc. MU revealed an update regarding its effort to buy the remaining interest in Inotera. The company now expects a delay in closing of the acquisition. The company said it would provide further update in the latter part of the current calendar year. To read the full news, click here.
• Southwest Airlines Co. LUV revealed that its May load factor increased to 85.8 percent from 84.4 percent in the preceding year month. To read the full news, click here.
• Così, Inc. COSI revealed that estimated system-wide comparable restaurant sales for May recorded an aggregate fall of 0.7 percent compared to the previous year month. To read the full news, click here.