Market Overview

Financial Breakfast: Morning News Summary for April 9, 2012

Monday, April 9, 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

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 115 points.
  • U.S. Dollar trades about 0.22% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.35%, Germany's DAX fell 0.13% and France's CAC 40 gained 0.19% on the session.
  • Asian stocks ended the session lower. China's Shanghai fell 0.92%, Japan's Nikkei 225 slid 1.47%, and Hong Kong's Hang Seng dropped 0.95%.
  • Chinese CPI Rose 3.6%, more than the Expected 3.3%, which Makes it More Difficult for Further Easing in China
To see more overseas news, click here.

Upgrades/Downgrades

  • Guggenheim Upgrades Helmerich Payne (NYSE: HP) from Neutral to Buy, Raises PT from $65 to $70
  • The Benchmark Company Upgrades True Religion Apparel (NASDAQ: TRLG) from Neutral to Buy, Announces PT of $3
To see more of today's upgrades, click here.

  • Citigroup Downgrades Walt Disney (NYSE: DIS) from Buy to Neutral, Lowers PT from $44 to $4
  • BTIG Downgrades Apple (NASDAQ: AAPL) from Buy to Neutral, Removes PT of $600
To see more of today's downgrades, click here.

On the Economic Calendar

  • 11:30 a.m. ET - 6-Month Bill Auction
  • 11:30 - 3-Month Bill Auction
  • 19:15 - Fed Chairman Bernanke Speaks
To see more economic news, click here

Earnings

  • Regis (NYSE: RGS) Reports Third Quarter Revenues of $574 Million vs $568M Est
  • Optimer Pharmaceuticals (NASDAQ: OPTR) Appoints New chairman; Sees Q1
    Revenues $16.45M vs $29.44M Est
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading higher, with gold posting early gains of about 0.82%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.4%
  • Natural Gas futures are lower by about 1% and copper is trading lower by about 1.37%
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 1403 1389 1380 1366 1357
Gold 1642 1637 1629 1623 1615
Crude 104.70 103.98 102.67 101.85 100.64
Natural Gas 2.18 2.14 2.11 2.06 2.03
EUR/USD 1.3145 1.3120 1.3085 1.3060 1.3025
US Dollar Index 80.58 80.34 80.15 79.90 79.70


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

 

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