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REV

US Futures Near Unchanged Closer to Open

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US equities futures recovered some ground closer to the open, helped by strong gains in oil prices and as overseas markets were in the black. Europe's Brexit vote was suspended Thursday in the wake of the murder of

UK parliament member Jo Cox, an advocate for Britain to stay in the European Union.

Oil prices rose on Friday for the first time in seven days, with West Texas Intermediate up more than 2.2% and Brent crude up 2.5%.

In economic data, housing starts in May came in at 1.164 million, exceeding estimates for 1.150 million, in the consensus range of 1.090 million to 1.205 million, according to data compiled by Econoday. For the prior month, housing starts were revised down to 1.167 million from 1.172 million. Permits were 1.138 million in May, just shy of the 1.140 million estimate in the consensus range between 1.125 million to 1.235 million, according to data compiled by Econoday. The prior month was revised up to 1.130 million from 1.116 million.

In equities, Elizabeth Arden was up 48% a day after after Revlon ( REV ) agreed to acquire all outstanding shares of the company for $14 per share in cash, equal to an enterprise value of $870 million.

U.S. PRE-MARKET INDICATORS

-Dow Jones Industrial up 0.02%

-S&P 500 futures down 0.05%

-Nasdaq 100 futures down 0.01%

-Nasdaq 100 pre-market indicator down 0.07%

GLOBAL SENTIMENT

Nikkei up 1.07%

Hang Seng up 0.66%

Shanghai Composite up 0.43%

FTSE-100 up 1.07%

DAX-30 up 1.02%

PRE-MARKET SECTOR WATCH

(+) Large cap tech: mixed

(+) Chip stocks: unchanged to higher

(+/-) Software stocks: mixed

(+) Hardware stocks: higher

(+/-) Internet stocks: mixed

(+/-) Oil stocks: unchanged to higher

(+/-) Biotech: unchanged

(+/-) Drug stocks: mixed

(+) Financial stocks: unchanged to higher

(+/-) Retail stocks: unchanged

(-) Industrial stocks: unchanged to lower

(+) Airlines: unchanged to higher

(+/-) Autos: mixed

UPSIDE MOVERS

(+) MGT (+4.9%) Names Bitcoin foundation director to co's cryptocurrency advisory board

(+) BIOS (+1.5%) Prices sale of 40 million shares at $2 each

(+) GBSN (+18.4%) Presents enhanced molecular diagnostic analyzer for faster test times

(+) HSBC (+1.2%) Settles 14-year shareholder class action suit

(+) SWHC (+10.3%) Reports better-than-expected Q4 results; guides Q1, FY above estimates

(+) MT (+2.4%) Reportedly wants to sell two units, cut French workforce by 10%

(+) FNSR (+10.4%) Fiscal Q4 tops views, guides Q1 in line to above Street

DOWNSIDE MOVERS

(-) VIAB (-1.8%) Warns fiscal Q3 adjusted EPS to miss estimates

(-) CMTL (-12.7%) Prices sale of 7.1 million shares

(-) ERIC (-1.4%) Cooperating with US authorities in inquiry over possible corruption

(-) INNL (-4.0%) Prices stock offering at 4.5% discount

(-) SEMG (-4.4%) Prices 7.5 million share sale at 7% discount

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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