Market Overview

Financial Breakfast: Morning News Summary for April 4, 2012

Wednesday, April 4, 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

  • Futures Tumble as Demand Falls for Spanish Bonds
  • 07:45 a.m. ET - ECB Interest Rate Decision
  • 08:15 - ADP Nonfarm Employment Change
  • Viasystems (NASDAQ: VIAS) to Acquire DDi (NASDAQ: 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.
To see more pre-market news, click here.

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
To see more overseas news, click here.


  • Goldman Sachs Upgrades Starbucks (NASDAQ: SBUX) from Neutral to CL-Buy, Raises PT from $49 to $66
  • Goldman Sachs Upgrades Biogen Idec (NASDAQ: BIIB) from Neutral to Buy, Raises PT from $120 to $150
To see more of today's upgrades, click here.

  • Goldman Sachs Downgrades McDonalds (NYSE: MCD) from CL-Buy to Buy, Lowers PT from $114 to $110
  • Goldman Sachs Downgrades Tim Hortons (NYSE: THI) from Buy to Neutral, Lowers PT from $58 to $57
To see more of today's downgrades, click here.

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
To see more economic news, click here


    No Major Earnings Reported
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.


  • 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%
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 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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Posted-In: Bonds News Guidance Upgrades Downgrades Futures Technicals Forex FDA M&A Events Global Econ #s Economics Pre-Market Outlook Markets Analyst Ratings Trading Ideas General Best of Benzinga


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