Market Overview

Financial Breakfast: Morning News Summary for April 10, 2012

Tuesday, April 10, 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 higher as Dow futures trade up about 20 points.
  • U.S. Dollar trades about 0.31% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 slid 1.02%, Germany's DAX fell 1.07% and France's CAC 40 dropped 1.53% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 0.89%, Japan's Nikkei 225 slid 0.09%, and Hong Kong's Hang Seng dropped 1.15%.
To see more overseas news, click here.

Upgrades/Downgrades

  • Morgan Stanley Upgrades Dell (NASDAQ: DELL) from Underweight to Equal-weight, Removes PT of $15
  • Citigroup Upgrades Harley-Davidson (NYSE: HOG) from Neutral to Buy, Raises PT from $50 to $55
To see more of today's upgrades, click here.

  • JP Morgan Downgrades Jacobs Engineering Group (NYSE: JEC) from Overweight
    to Neutral, Maintains PT at $52.5
  • Jefferies & Company Downgrades Halozyme Therapeutics (NASDAQ: HALO) from Buy to Hold, Maintains PT at $10
To see more of today's downgrades, click here.

On the Economic Calendar

  • 07:30 a.m. ET - NFIB Small Business Optimism
  • 08:55 - Redbook (MoM)
  • 10:00 - IBD/TIPP Economic Optimism
  • 10:00 - Wholesale Inventories (MoM)
  • 11:30 - 4-Week Bill Auction
  • 12:30 - FOMC Member Fisher Speaks
  • 13:00 - 3-Year Note Auction
To see more economic news, click here

Earnings

    No Major Earnings this Morning
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 0.05%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.6%
  • Natural Gas futures are lower by about 0.2% and copper is trading higher by about 0.04%
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 1386 1380 1376 1370 1367
Gold 1655 1648 1643 1636 1630
Crude 103.64 102.90 101,84 101.11 100.06
Natural Gas 2.15 2.13 2.09 2.07 2.04
EUR/USD 1.3180 1.3142 1.3094 1.3057 1.3009
US Dollar Index 80.43 80.19 80.01 79.78 79.60


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

 

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