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Financial Breakfast: Morning News Summary for June 14, 2012

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Thursday, June 14, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

Benzinga's Top News

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 19 points.
  • U.S. Dollar trades about 0.10% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 declined 0.61%, Germany's DAX slid 0.50% and France's CAC 40 fell 0.45% on the session.
  • Asian stocks ended the session lower. China's Shanghai slid 0.98%, Japan's Nikkei 225 declined 0.22%, and Hong Kong's Hang Seng fell 1.15%.
  • There is Unconfirmed Chatter that the ECB is Buying Spanish Debt
To see more overseas news, click here.


  • Deutsche Bank Upgrades Allegheny Technologies (NYSE: ATI) from Hold to Buy, Maintains $50 PT
To see more of today's upgrades, click here.

  • Jefferies & Company Downgrades Adobe Systems (NASDAQ: ADBE) from Buy to Hold, Lowers PT from $38 to $32
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Initial Jobless Claims
  • 08:30 - Continuing Jobless Claims
  • 08:30 - Core CPI (MoM)
  • 08:30 - CPI (MoM)
  • 08:30 - Current Account
  • 10:30 - Natural Gas Storage
  • 13:00 - 30-Year Bond Auction
To see more economic news, click here


    No Major Earnings Today
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.


  • Precious metals are trading higher, with gold posting early gains of about 0.11%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.05%
  • Natural Gas futures are trading 1.14% higher and copper is trading lower by about 0.07%
To see more commodities news, click here.

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name Resistance-2 Resistance-1 Mid Pivot Support-1 Support-2
E-Mini S&P 500 1329 1319 1311 1301 1293
Gold 1635 1627 1617 1609 1600
Crude 84.72 83.56 82.86 81.70 81.00
Natural Gas 2.24 2.21 2.20 2.17 2.15
EUR/USD 1.2674 1.2615 1.2550 1.2490 1.2425
US Dollar Index 83.30 82.99 82.67 82.36 82.05

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Posted-In: Bonds News Upgrades Downgrades Futures Commodities Technicals Forex Buybacks Events Global Econ #s Economics Pre-Market Outlook Markets Analyst Ratings Trading Ideas General Best of Benzinga


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