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A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of Empire State Manufacturing Index

A Peek Into The Markets: U.S. Stock Futures Rise Ahead Of Empire State Manufacturing Index - Procter & Gamble Company The NYSE:PG, Xylem Inc. NYSE:XYL

Pre-open movers

U.S. stock futures traded higher in early pre-market trade. The Empire State manufacturing index for August is schedule for release at 8:30 a.m. ET, while the National Association of Home Builders’ housing market index for August will be released at 10:00 a.m. ET.

Futures for the Dow Jones Industrial Average rose 40 points to 18,561.00, while the Standard & Poor’s 500 index futures gained 4.25 points to 2,184.25. Futures for the Nasdaq 100 index rose 10 points to 4,813.50.

Oil prices traded higher as Brent crude futures gained 0.28 percent to trade at $47.18 per barrel, while US WTI crude futures also rose 0.45 percent to trade at $44.76 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.12 percent, STOXX Europe 600 Index gaining 0.10 percent and German DAX 30 index gaining 0.35 percent. The UK's FTSE index was trading higher by 0.29 percent, while French CAC 40 Index rose 0.06 percent..

In Asian markets, Japan’s Nikkei Stock Average fell 0.30 percent, Hong Kong’s Hang Seng Index rose 0.73 percent, China’s Shanghai Composite Index climbed 2.44 percent.

Broker Recommendation

Procter & Gamble shares rose 0.51 percent to $87.48 in pre-market trading.

Breaking news

  • Xylem Inc. XYL reached a definitive agreement to buy Sensus for about $1.7 billion in cash. The company believes the acquisition would provide a foundation for future growth besides creating value. To read the full news, click here.
  • AVEO Pharmaceuticals, Inc. AVEO today announced the initiation of a clinical evaluation of AVEO's oral, once-daily, vascular endothelial growth factor tyrosine kinase inhibitor, tivozanib, in combination with Bristol-Myers Squibb's anti-PD-1 therapy, Opdivo, in advanced renal cell carcinoma.
  • Stockpile and eBay Inc EBAY have struck a deal enabling investors who want to buy Stockpile gift cards to do it on the online auctioneer's platform. Both companies see that the move would make it more convenient for investors to access the stock market. To read the full news, click here.

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