Market Overview

Financial Breakfast: Morning News Summary for July 2, 2012

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Monday, July 2, 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 up as Dow futures trade higher about 8 points.
  • U.S. Dollar trades about 0.14% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.66%, Germany's DAX advanced 1.16% and France's CAC 40 added 1.30% on the session.
  • Asian stocks ended the session mixed. China's Shanghai gained 0.01%, Japan's Nikkei 225 slid 0.04%, and the Hong Kong's Hang Seng Market was Closed.
To see more overseas news, click here.

Upgrades/Downgrades

  • Societe Generale Upgrades Anheuser-Busch Inbev/Nv (NYSE: BUD) from Hold to Buy
To see more of today's upgrades, click here.

  • Macquarie Downgrades Helmerich Payne (NYSE: HP) from Outperform to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

  • 10:00 a.m. ET - Construction Spending (MoM)
  • 10:00 - ISM Manufacturing Index
  • 11:30 - 3-Month Bill Auction
  • 11:30 - 6-Month Bill 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 lower, with gold posting early losses of about 0.78%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.51%
  • Natural Gas futures are trading 0.67% lower and copper is trading lower by about 0.82%
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 1375 1366 1351 1342 1327
Gold 1634 1616 1590 1571 1544
Crude 89.28 87.07 83.14 80.93 77.00
Natural Gas 2.90 2.86 2.78 2.74 2.67
EUR/USD 1.2774 1.2717 1.2634 1.2577 1.2495
US Dollar Index 82.64 82.18 81.87 81.41 81.10


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Latest Ratings for MU

DateFirmActionFromTo
Jun 2014MacquarieMaintainsNeutral
Jun 2014NeedhamUpgradesBuyStrong Buy
Jun 2014JefferiesMaintainsBuy

View More Analyst Ratings for MU
View the Latest Analyst Ratings

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