Financial Breakfast: Morning News Summary for June 19, 2012

Benzinga's Top News

Autodesk ADSK Increases Share Repurchase Program to 30M Shares, or Totaling $1.4B

Walgreens WAG and Alliance Boots Form $6.7B Strategic Partnership; Increases Dividend 22.2%

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 21 points.
• U.S. Dollar trades about 0.20% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 gained 0.83%, Germany's DAX advanced 0.31% and France's CAC 40 added 0.05% on the session.
• Asian stocks ended the session lower. China's Shanghai fell 0.65%, Japan's Nikkei 225 slid 0.75%, and Hong Kong's Hang Seng declined 0.06%.

Upgrades/Downgrades

• Bank of America Upgrades Kennametal KMT from Underperform to Neutral, Maintains $36

• Piper Jaffray Downgrades Expedia EXPE from Overweight to Neutral, Maintains PT

On the Economic Calendar

• 08:30 a.m. ET - Housing Starts
• 08:30 - Building Permits
• 08:55 - Redbook (MoM)
• 11:30 - 4-Week Bill Auction

Earnings

• Walgreen WAG Reports Q3 EPS $0.62 vs $0.62 Est; Revenues $17.75B vs $17.87B Est

Corporate News

• Autodesk ADSK Reaffirms Q2 and Full Year Fiscal 2013 Business Outlook; EPS $0.46-0.51 vs $0.49 Est
• Autodesk ADSK Increases Share Repurchase Program to 30M Shares, or Totaling $1.4B
• Walgreens WAG and Alliance Boots Form $6.7B Strategic Partnership; Increases Dividend 22.2%

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.32%
• Energy futures are trading higher, with crude oil posting early gains of about 0.17%
• Natural Gas futures are trading 0.08% lower and copper is trading lower by about 0.09%

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	1354	1347	1337	1330	1320
Gold	1641	1635	1624	1618	1607
Crude	86.60	84.98	83.70	82.05	80.74
Natural Gas	2.77	2.71	2.59	2.54	2.42
EUR/USD	1.2785	1.2680	1.2620	1.2514	1.2454
US Dollar Index	82.82	82.52	82.03	81.76	81.30

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