Market Overview

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.

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

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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Latest Ratings for NOK

DateFirmActionFromTo
Nov 2014Raymond JamesDowngradesMarket PerformUnderperform
Sep 2014Canaccord GenuityMaintainsBuy
Jun 2014Raymond JamesUpgradesMarket Perform

View More Analyst Ratings for NOK
View the Latest Analyst Ratings

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