Financial Breakfast: Morning News Summary for June 15, 2012

Benzinga's Top News

Yesterday, Central Banks Preparing for Coordinated Action to Provide Liquidity if Needed After Greek Election -Reuteres Citing G20 Sources

Bank of England to Launch Liquidity Facility on June 20

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 39 points.
• U.S. Dollar trades about 0.20% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 gained 0.60%, Germany's DAX advanced 1.24% and France's CAC 40 added 1.78% on the session.
• Asian stocks ended the session higher. China's Shanghai added 0.54%, Japan's Nikkei 225 gained 0.01%, and Hong Kong's Hang Seng advanced 2.26%.
• Yesterday, Central Banks Preparing for Coordinated Action to Provide Liquidity if Needed After Greek Election -Reuteres Citing G20 Sources
• Bank of England to Launch Liquidity Facility on June 20

Upgrades/Downgrades

• JP Morgan Upgrades SAIC SAI from Neutral to Overweight, Maintains $13 PT
• Bank of America Upgrades International Game Technology IGT from Underperform to Neutral, Raises PO from $14 to $16

• Credit Suisse Downgrades Nokia NOK from Outperform to Neutral

On the Economic Calendar

• 08:30 a.m. ET - NY Empire State Manufacturing Index
• 09:00 - Overall Net Capital Flow
• 09:00 - TIC Net Long-Term Transactions
• 09:15 - Industrial Production (MoM)
• 09:15 - Capacity Utilization Rate
• 09:55 - Michigan Consumer Sentiment

Earnings

No Major Earnings Today

Corporate News

• Human Genome Sciences HGSI Announces July 16 as the Date for Submission of Definitive Acquisition Proposals
• Yesterday, Flowserve FLS Entered Into $300M Accelerated Share Repurchase Program

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.44%
• Energy futures are trading higher, with crude oil posting early gains of about 0.62%
• Natural Gas futures are trading 0.28% lower and copper is trading higher by about 0.85%

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	1341	1333	1319	1311	1297
Gold	1639	1631	1621	1613	1602
Crude	85.80	85.09	83.70	82.99	81.60
Natural Gas	2.77	2.65	2.40	2.28	2.04
EUR/USD	1.2697	1.2664	1.2603	1.2570	1.2508
US Dollar Index	82.96	82.53	82.32	81.90	81.69

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