Financial Breakfast: Morning News Summary for March 6, 2012

Benzinga's Top News

• AmerisourceBergen ABC to Acquire World Courier Group for $520M.
• CONSOL Energy CNL Temporarily Idles Longwall Mining at Buchanan Mine.
• Stage Stores SSI Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 95 points.
• U.S. Dollar trades about 0.51% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 lost 1.08%, Germany's DAX slid 1.5% and France's CAC 40 fell 1.65% on the session.
• Asian stocks ended the session lower as well. China's Shanghai slid 1.38%, Japan's Nikkei 225 fell 0.63%, and Hong Kong's Hang Seng dropped 2.16%.

Upgrades/Downgrades

• Jefferies Upgrades Worthington Industries WOR to Buy
• Credit Suisse Upgrades LifePoint Hospitals LPNT to Neutral

• JP Morgan Downgrades Novartis AG NVS from Overweight to Neutral
• Bank of America Downgrades NTT DoCoMo DCM from Buy to Neutral

On the Economic Calendar

No Major Economic Events this Morning

Earnings

• Stage Stores SSI Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est

Corporate News

• AmerisourceBergen ABC to Acquire World Courier Group for $520M.
• CONSOL Energy CNL Temporarily Idles Longwall Mining at Buchanan Mine.
• KKR KKR and Chesapeake Energy CHK Form Partnership to Invest in Mineral Interests and Overriding Royalty Interests

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.92%
• Energy futures are trading lower, with crude oil posting early losses of about 0.63%
• Natural Gas futures are higher by about 0.25% and copper is trading lower by about 1.83%

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	1372	1368	1363	1359	1353
Gold	1724	1715	1705	1696	1686
Crude	108.60	107.86	106.68	105.94	104.76
Natural Gas	2.47	2.41	2.38	2.32	2.29
EUR/USD	1.3286	1.3251	1.3205	1.3170	1.3124
US Dollar Index	79.80	79.59	79.44	79.24	79.08

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