Financial Breakfast: Morning News Summary for March 5, 2012

Benzinga's Top News

• US Airways LCC Reports Record February Load Factor; Feb Capacity Up 7%.
• Covidien COV Revascularization Device Receives FDA Clearance.

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 37 points.
• U.S. Dollar trades about 0.07% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.47%, Germany's DAX slid 1.1% and France's CAC 40 fell 0.72% on the session.
• Asian stocks ended the session lower as well. China's Shanghai slid 0.6%, Japan's Nikkei 225 fell 0.8%, and Hong Kong's Hang Seng dropped 1.38%.

Upgrades/Downgrades

• JP Morgan Upgrades Sonoco Products SON to Overweight
• JP Morgan Upgrades Greif GEF to Overweight

• JP Morgan Downgrades Zynga ZNGA to Neutral
• Citigroup Downgrades CF Industries CF Holdings to Neutral

On the Economic Calendar

• ISM Non-Manufacturing Index and Factory Orders are set to report at 10:00 a.m. ET

Earnings

No Major Earnings this Morning

Corporate News

• Aegerion Pharmaceuticals AEGR Submits Marketing Applications for Lomitapide in U.S. and EU.
• US Airways LCC Reports Record February Load Factor; Feb Capacity Up 7%.
• Covidien COV Revascularization Device Receives FDA Clearance.

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.77%
• Energy futures are trading lower, with crude oil posting early losses of about 0.52%
• Natural Gas futures are lower by about 2.9% and copper is trading lower by about 0.83%

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	1378	1373	1369	1364	1359
Gold	1729	1721	1713	1704	1696
Crude	109.85	108.17	106.99	105.31	104.13
Natural Gas	2.52	2.49	2.47	2.45	2.43
EUR/USD	1.3350	1.3273	1.3230	1.3153	1.3109
US Dollar Index	79.89	79.68	79.30	79.09	78.71

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