Financial Breakfast: Morning News Summary for April 4, 2012

Benzinga's Top News

• Futures Tumble as Demand Falls for Spanish Bonds
• 07:45 a.m. ET - ECB Interest Rate Decision
• 08:15 - ADP Nonfarm Employment Change
• Viasystems VIAS to Acquire DDi DDIC for $13/Share or $282M

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 103 points.
• U.S. Dollar trades about 0.22% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 slid 1.21%, Germany's DAX fell 1.86% and France's CAC 40 dropped 1.44% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.45%, Japan's Nikkei 225 fell 2.29%, and Hong Kong's Hang Seng added 1.31%.
• Futures tumble as demand fell for Spanish bonds

Upgrades/Downgrades

• Goldman Sachs Upgrades Starbucks SBUX from Neutral to CL-Buy, Raises PT from $49 to $66
• Goldman Sachs Upgrades Biogen Idec BIIB from Neutral to Buy, Raises PT from $120 to $150

• Goldman Sachs Downgrades McDonalds MCD from CL-Buy to Buy, Lowers PT from $114 to $110
• Goldman Sachs Downgrades Tim Hortons THI from Buy to Neutral, Lowers PT from $58 to $57

On the Economic Calendar

• 07:45 a.m. ET - ECB Interest Rate Decision
• 08:00 - Treasury Secretary Geithner Speaks
• 08:15 - ADP Nonfarm Employment Change
• 08:30 - ECB Press Conference
• 10:00 - ISM Non-Manufacturing Index
• 10:30 - Gasoline Inventories
• 10:30 - Crude Oil Inventories

Earnings

No Major Earnings Reported

Corporate News

• Viasystems VIAS to Acquire DDi DDIC for $13/Share or $282M
• MDC Partners MDCA Increases Guidance for Fiscal Year 2012

Commodities

• Precious metals are trading lower, with gold posting early losses of about 2.66%
• Energy futures are trading lower, with crude oil posting early losses of about 1.02%
• Natural Gas futures are lower by about 0.6% and copper is trading lower by about 1.8%

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	1422	1415	1407	1400	1392
Gold	1699	1673	1656	1631	1614
Crude	105.86	104.95	104.27	103.36	102.68
Natural Gas	2.25	2.21	2.16	2.12	2.07
EUR/USD	1.3424	1.3328	1.3270	1.3174	1.3116
US Dollar Index	80.18	79.86	79.32	78.99	78.46

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