Futures continue to suggest a higher open Stock futures remain higher as investors have now turned more optimistic about the outlook for a solution to the fiscal cliff crisis. The government's sale of its remaining stake in AIG (AIG) is also lifting the futures. The trade balance report was released for the month of October, and showed a deficit of $42.2B versus the expected deficit of $42.7B. Trading is expected to be slow once again, barring any reports of a fiscal cliff breakthrough.
AIG upgraded to Buy from Hold at Deutsche Bank Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.