Financial Breakfast: Morning News Summary for June 14, 2012
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
- There is Unconfirmed Chatter that the ECB is Buying Spanish Debt
- Nokia (NYSE: NOK) Plans To Cut 10,000 Jobs Globally
- JA Solar (NASDAQ: JASO) Announces $100M Share Repurchase Program
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.
Upgrades/Downgrades
- 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
Earnings
-
No Major Earnings Today
To see more earnings announcements, click here.
Corporate News
- Nokia (NYSE: NOK) Plans To Cut 10,000 Jobs Globally
- JA Solar (NASDAQ: JASO) Announces $100M Share Repurchase Program
- HanesBrands (NYSE: HBI) Initiates First Half of Planned $300M Reduction of Long-Term Debt in 2012
To see more corporate news, click here.
Commodities
- 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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