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March 8, 2010 Monday 8:35 AM EST
NEWS & COMMENTARY; Markets; Before the Bell
AIG, MetLife, McDonald’s in focus
Simon Kennedy, MarketWatch mailto:email@example.com.Simon Kennedy is the City correspondent for MarketWatch in London.
Pre-open moversU.S. stock market futures were little moved Monday after the payrolls-inspired rally of the previous session, with American International Group back in the spotlight after it agreed another deal to sell one of its divisions. Global marketsEuropean shares traded broadly flat Monday as declines in the pharmaceutical sector helped offset gains for some mining companies. Asia markets closed strongly higher, with resource-sector stocks pacing a broad-based advance on the back of higher commodity prices.Broker actionBMO Capital Markets upgraded Research In Motion (RIMM) (RIM) to outperform from market perform and lifted its price target to $88 from $70 a share. The broker said it expects “a meaningful beat” when Research In Motion reports its earnings on March 31, driven by strength in all regions. “Competition that we were expecting now seems further away, including a CDMA iPhone, giving Research In Motion the ability to further grab share in the smartphone segment,” BMO said.Breaking news –Before the Bell is a daily e-mailed newsletter.© 1997-2008 MarketWatch.com, Inc. All rights reserved. See details at http://custom.marketwatch.com/custom/docs/useragreement.asp.
March 9, 2010