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.


  • 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


    No Major Earnings Today
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.


  • 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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