Financial Breakfast: Morning News Summary for July 3, 2012
Tuesday, July 3, 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
- Suntech (NASDAQ: STP) and IBC SOLAR Announce 50MW Sales Agreement Through end of 2012
- M*Modal (NASDAQ: MODL) to Be Acquired for Approximately $1.1B by One Equity Partners
Domestic Pre-Market Trading
- U.S. Equity Markets trade down as Dow futures trade lower about 5 points.
- U.S. Dollar trades about 0.02% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 added 0.29%, Germany's DAX advanced 0.59% and France's CAC 40 added 0.19% on the session.
- Asian stocks ended the session higher as well. China's Shanghai gained 0.14%, Japan's Nikkei 225 added 0.70%, and the Hong Kong's Hang Seng Market advanced 1.51%.
To see more overseas news, click here.
Upgrades/Downgrades
- Citigroup Upgrades Eastman Chemical (NYSE: EMN) from Neutral to Buy, Raises PT from $46 to $57
To see more of today's upgrades, click here.
- Wunderlich Securities Downgrades Sandridge Mississippian Trust (NYSE: SDT) from Hold to Sell, Lowers PT from $27 to $23
To see more of today's downgrades, click here.
On the Economic Calendar
- 08:55 a.m. ET - Redbook (MoM)
- 09:45 - New York NAPM
- 10:00 - Factory Orders (MoM)
- 11:30 - 4-Week Bill Auction
To see more economic news, click here
Earnings
-
No Major Earnings Today
To see more earnings announcements, click here.
Corporate News
- Suntech (NASDAQ: STP) and IBC SOLAR Announce 50MW Sales Agreement Through end of 2012
- M*Modal (NASDAQ: MODL) to Be Acquired for Approximately $1.1B by One Equity Partners
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.74%
- Energy futures are trading higher, with crude oil posting early gains of about 2.63%
- Natural Gas futures are trading 0.53% lower and copper is trading higher by about 1.84%
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 | 1368 | 1361 | 1355 | 1348 | 1342 |
| Gold | 1612 | 1605 | 1596 | 1588 | 1580 |
| Crude | 85.71 | 84.67 | 83.39 | 82.35 | 81.07 |
| Natural Gas | 2.92 | 2.88 | 2.81 | 2.76 | 2.69 |
| EUR/USD | 1.2705 | 1.2645 | 1.2606 | 1.2545 | 1.2507 |
| US Dollar Index | 82.34 | 82.15 | 81.90 | 81.71 | 81.46 |
Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted in: Bonds, News, Futures, Upgrades, Commodities, Downgrades, Forex, Technicals, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga