Market Overview

Financial Breakfast: Morning News Summary for June 18, 2012

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Monday, June 18, 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 down as Dow futures trade lower about 41 points.
  • U.S. Dollar trades about 0.18% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are mixed in afternoon trading. Britain's FTSE 100 gained 0.35%, Germany's DAX advanced 0.70% and France's CAC 40 fell 0.02% on the session.
  • Asian stocks ended the session higher. China's Shanghai added 0.42%, Japan's Nikkei 225 gained 1.77%, and Hong Kong's Hang Seng advanced 1.01%.
  • Greek, Pro-Bailout Party, Wins Sunday's Election
  • Spanish 10-Year Yield Rises over 7%, EuroZone Record
To see more overseas news, click here.

Upgrades/Downgrades

  • Morgan Stanley Upgrades Groupon (NASDAQ: GRPN) from Equal-weight to Overweight, Announces $18 PT
To see more of today's upgrades, click here.

  • JP Morgan Downgrades Rambus (NASDAQ: RMBS) from Overweight to Neutral, Maintains $6.50 PT
To see more of today's downgrades, click here.

On the Economic Calendar

  • 10:00 a.m. ET - NAHB Housing Market Index
  • 11:30 - 6-Month Bill Auction
  • 11:30 - 3-Month Bill Auction
To see more economic news, click here

Earnings

    No Major Earnings Today
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 0.39%
  • Energy futures are trading lower, with crude oil posting early losses of about 0.90%
  • Natural Gas futures are trading 0.81% lower and copper is trading higher by about 0.01%
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 1347 1342 1334 1329 1321
Gold 1643 1635 1628 1620 1613
Crude 85.50 84.84 84.13 83.49 82.76
Natural Gas 2.60 2.53 2.49 2.41 2.37
EUR/USD 1.2703 1.2670 1.2630 1.2598 1.2558
US Dollar Index 82.54 82.18 81.94 81.59 81.35


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Posted-In: Earnings News Bonds Guidance Dividends Upgrades Downgrades Futures Best of Benzinga

 

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