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.
Upgrades/Downgrades
- 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
Earnings
-
No Major Earnings Reported
To see more earnings announcements, click here.
Corporate News
- Viasystems (NASDAQ: VIAS) to Acquire DDi (NASDAQ: DDIC) for $13/Share or $282M
- MDC Partners (NASDAQ: MDCA) Increases Guidance for Fiscal Year 2012
To see more corporate news, click here.
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%
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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