Market Overview

Financial Breakfast: Morning News Summary for June 26, 2012

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Tuesday, June 26, 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 up as Dow futures trade higher about 36 points.
  • U.S. Dollar trades about 0.15% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are slightly higher in afternoon trading. Britain's FTSE 100 added 0.18%, Germany's DAX gained 0.13% and France's CAC 40 advanced 0.10% on the session.
  • Asian stocks ended the session mixed. China's Shanghai fell 0.10%, Japan's Nikkei 225 lost 0.81%, and Hong Kong's Hang Seng added 0.45%.
  • Yesterday, Moody's Downgraded 28 Spanish Banks Long-Term Debt and Deposit Ratings
To see more overseas news, click here.

Upgrades/Downgrades

  • Goldman Sachs Upgrades JPMorgan Chase (NYSE: JPM) from Buy to CL-Buy
To see more of today's upgrades, click here.

  • Goldman Sachs Downgrades Morgan Stanley (NYSE: MS) from CL-Buy to Neutral, Lowers PT to $16
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:55 a.m. ET - Redbook (MoM)
  • 09:00 - S&P/CS Home Price Indices Composite
  • 10:00 - Richmond Manufacturing Index
  • 10:00 - CB Consumer Confidence
  • 11:30 - 52-Week Bill Auction
  • 11:30 - 4-Week Bill Auction
  • 13:00 - 2-Year Note Auction
To see more economic news, click here

Earnings

  • Yesterday, Apollo Group (NASDAQ: APOL) Reports Q3 EPS $1.20 vs $0.97 Est; Revenues $1.13B vs $1.12B Est
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 0.19%
  • Energy futures are trading higher, with crude oil posting early gains of about 0.18%
  • Natural Gas futures are trading 0.26% higher and copper is trading lower by about 0.02%
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 1331 1319 1310 1299 1291
Gold 1602 1593 1580 1571 1558
Crude 81.51 80.39 79.30 78.09 76.91
Natural Gas 2.75 2.71 2.68 2.64 2.62
EUR/USD 1.2569 1.2536 1.2503 1.2470 1.2437
US Dollar Index 82.96 82.79 82.65 82.48 82.35


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Posted-In: Bonds Earnings News Upgrades Downgrades Futures Commodities Technicals Forex Events Global Econ #s Economics Pre-Market Outlook Markets Analyst Ratings Trading Ideas General Best of Benzinga

 

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