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Financial Breakfast: Morning News Summary for July 6, 2012

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Friday, July 6, 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

  • Bank of England Leaves Rates Unchanged at 0.5%, BOE Asset Purchase Target Increased By £50B To £375B
  • China Cuts One Year Lending Rate 0.31 Percentage Points, Cuts One Year Deposit Rate 0.25 Percentage Points

Domestic Pre-Market Trading

  • U.S. Equity Markets trade down as Dow futures trade lower about 16 points.
  • U.S. Dollar trades about 0.08% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.10%, Germany's DAX slid 0.42% and France's CAC 40 fell 0.44% on the session.
  • Asian stocks ended the session mixed. China's Shanghai added 1.05%, Japan's Nikkei 225 fell 0.65%, and the Hong Kong's Hang Seng Market slid 0.04%.
To see more overseas news, click here.


  • Bank of America Merrill Lynch Upgrades Sally Beauty (NYSE: SBH) from Neutral to Buy, Raises PO from $30 to $32
To see more of today's upgrades, click here.

  • Morgan Stanley Downgrades Perrigo (NASDAQ: PRGO) from Overweight to Equal-Weight, Raises PT from $110 to $125
To see more of today's downgrades, click here.

On the Economic Calendar

  • 08:30 a.m. ET - Nonfarm Payrolls
  • 08:30 - Unemployment Rate
  • 08:30 - Average Hourly Earnings (MoM)
  • 10:30 - Natural Gas Storage
To see more economic news, click here


  • Yesterday, Xyratex (NASDAQ: XRTX) Reported Q2 EPS $0.32 vs $0.29 Est; Revenues $322.1M vs $327.03M Est
  • Yesterday, Informatica (NASDAQ: INFA) Reported Preliminary Q2 $0.27-0.28 vs $0.37 Est; Revs $188-190M vs $222.6M Est
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 0.89%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.74%
  • Natural Gas futures are trading 1.36% higher and copper is trading lower by about 0.64%
To see more commodities news, click here.

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