Financial Breakfast: Morning News Summary for June 11, 2012
Monday, June 11, 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
- Announced Over the Weekend, Spain Will Receive Up To 100 Billion Euros ($125B) From Euro Partners in Part of a Bank Recapitalization Plan
- Apple WWDC 2012 Scheduled for 1:00 pm ET today, Expected to Announce new Operating System, and Rumors of New MacBook Pros with Retina Displays
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 82 points.
- U.S. Dollar trades about 0.45% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.83%, Germany's DAX gained 1.76 % and France's CAC 40 advanced 1.43% on the session.
- Asian stocks ended the session higher as well. China's Shanghai gained 1.04%, Japan's Nikkei 225 added 1.96%, and Hong Kong's Hang Seng advanced 2.44%.
- Announced Over the Weekend, Spain Will Receive Up To 100 Billion Euros ($125B) From Euro Partners in Part of a Bank Recapitalization Plan
To see more overseas news, click here.
Upgrades/Downgrades
- Citigroup Upgrades Universal Health Services (NYSE: UHS) from Neutral to Buy, PT raised from $48 to $51
- Cantor Fitzgerald Upgrades NetApp (NASDAQ: NTAP) from Hold to Buy, Raises PT from $36 to $38
To see more of today's upgrades, click here.
- Mirae Asset Downgrades Ctrip.com (NASDAQ: CTRP) from Buy to Hold, PT Lowered from $28 to $21
- Credit Suisse Downgrades Southern Company (NYSE: SO) from Outperform to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- 11:30 a.m. ET - 3-Month Bill Auction
- 11:30 - 6-Month Bill Auction
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Apple WWDC 2012 Scheduled for 1:00 pm ET today, Expected to Announce new Operating System, and Rumors of New MacBook Pros with Retina Displays
- Centene Corporation (NYSE: CNC) Lowers 2012 Earnings Guidance Range; $1.45-1.65 from $2.64-2.84 Prior vs $2.68 Est
- IntegraMed America (NASDAQ: INMD) Agrees to be Acquired by Sagard Capital Partners for $169.5 Million or $14.05/Share
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.06%
- Energy futures are trading higher, with crude oil posting early gains of about 0.95%
- Natural Gas futures are trading 1.22% lower and copper is trading higher by about 1.81%
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 | 1339 | 1331 | 1314 | 1306 | 1290 |
| Gold | 1615 | 1605 | 1586 | 1575 | 1556 |
| Crude | 86.34 | 85.34 | 83.67 | 82.67 | 81.00 |
| Natural Gas | 2.37 | 2.34 | 2.28 | 2.25 | 2.19 |
| EUR/USD | 1.2584 | 1.2550 | 1.2492 | 1.2458 | 1.2400 |
| US Dollar Index | 83.10 | 82.78 | 82.62 | 82.30 | 82.14 |
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