Financial Breakfast: Morning News Summary for June 29, 2012

Benzinga's Top News

Euro Sources Working on ESM/EFSF for Direct Bank Aid to Stabilize Markets

Yesterday, Nike NKE Reported Q4 EPS $1.17 vs $1.37 Est; Revenues $6.47B vs $6.51B Est

Yesterday, Research In Motion RIMM Reported Q1 EPS $-0.37 vs $-0.01 Est; Revenues $2,8B vs $3.11B Est

Constellation STZ To Acquire Remaining Interest In Crown for $1.85B

Domestic Pre-Market Trading

• U.S. Equity Markets trade up as Dow futures trade higher about 138 points.
• U.S. Dollar trades about 1.01% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 1.37%, Germany's DAX advanced 2.62% and France's CAC 40 added 2.77% on the session.
• Asian stocks ended the session higher as well. China's Shanghai gained 1.36%, Japan's Nikkei 225 advanced 1.50%, and Hong Kong's Hang Seng added 2.19%.
• Euro Sources Working on ESM/EFSF for Direct Bank Aid to Stabilize Markets

Upgrades/Downgrades

• JP Morgan Upgrades SaksSKS from Neutral to Overweight, Raises PT from $11 to $12

• Macquarie Downgrades Blackrock BLK from Outperform to Neutral

On the Economic Calendar

• 08:30 a.m. ET - Personal Spending (MoM)
• 08:30 - Personal Income (MoM)
• 09:45 - Chicago PMI
• 09:55 - Michigan Consumer Sentiment

Earnings

• Finish Line FINL Reported Q1 EPS $0.24 vs $0.23 Est; Revenues $319M vs $320.68M Est
• Yesterday, Nike NKE Reported Q4 EPS $1.17 vs $1.37 Est; Revenues $6.47B vs $6.51B Est
• Yesterday, Research In Motion RIMM Reported Q1 EPS $-0.37 vs $-0.01 Est; Revenues $2,8B vs $3.11B Est

Corporate News

• Constellation STZ To Acquire Remaining Interest In Crown for $1.85B
• InterOil IOC Extends LNG Project Agreements With Mitsui
• Clean Energy CLNE Adds Major Trucking Fleets to Natural Gas Fueling

Commodities

• Precious metals are trading higher, with gold posting early gains of about 1.98%
• Energy futures are trading higher, with crude oil posting early gains of about 3.69%
• Natural Gas futures are trading 2.57% higher and copper is trading lower by about 2.87%

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	1336	1323	1315	1303	1294
Gold	1591	1573	1560	1542	1529
Crude	82.42	80.55	78.86	76.89	75.30
Natural Gas	2.94	2.85	2.75	2.66	2.56
EUR/USD	1.2569	1.2507	1.2456	1.2394	1.2344
US Dollar Index	83.43	83.16	82.79	82.51	82.14

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