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.

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

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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Posted-In: News Bonds Guidance Upgrades Downgrades Futures Technicals Forex Best of Benzinga

 

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