Financial Breakfast: Morning News Summary for December 12, 2011
Posted in: News, Futures, Upgrades, Commodities, Dividends, Downgrades, Forex, Technicals, Contracts, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Monday, December 12, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• After October 10th, 1953, there has never been a day on the NYSE where less than a million shares have been traded.
Benzinga's Top News
- Boeing (NYSE: BA) and Etihad Airways announced an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters, valued at a combined $2.8 billion at current list prices.
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 70 points.
- U.S. Dollar trades about 0.8% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.4%, Germany's DAX slid 1.3% and France's CAC 40 fell 1% on the session.
- Asian stocks ended the session mixed. China's Shanghai lost 0.99%, Japan's Nikkei 225 added 1.4% and Hong Kong's Hang Seng Index lost 0.6%.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley upgrades Boeing (NYSE: BA) to Overweight
- Oppenheimer upgrades Tempur-Pedic (NYSE: TPX) to Outperform, $70 PT
To see more of today's upgrades, click here.
- Morgan Stanley downgrades Aeroflex (NYSE: ARX) to Underweight, $10 PT
- Citigroup downgrades Occidental Petroleum (NYSE: OXY) to Neutral, PT Raised to $100
To see more of today's downgrades, click here.
On the Economic Calendar
- The U.S. Monthly Budget Statement is due at 2:00 p.m. ET.
To see more economic news, click here
Earnings
-
No Earnings Reported this Morning
To see more earnings announcements, click here.
Corporate News
- Boeing (NYSE: BA) and Etihad Airways announced an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters, valued at a combined $2.8 billion at current list prices.
- Ingersoll-Rand (NYSE: IR) Board of Directors raised its quarterly dividend to $0.16 per ordinary share, reflecting a 33 percent increase and an annual dividend rate of $0.64 per share.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 1.9%
- Energy futures are trading lower, with crude oil posting losses of about 1%
- Natural Gas futures are lower by about 2.4% and copper is trading lower by about 2.2%
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 Dow | 12322 | 12235 | 12060 | 11975 | 11802 |
| E-Mini S&P 500 | 1275 | 1264 | 1243 | 1232 | 1211 |
| Gold | 1737 | 1726 | 1716 | 1705 | 1695 |
| Crude | 101.58 | 100.71 | 99.03 | 98.16 | 96.48 |
| Natural Gas | 3.49 | 3.41 | 3.36 | 3.28 | 3.23 |
| EUR/USD | 1.3517 | 1.3451 | 1.3366 | 1.3299 | 1.3214 |
| USD/JPY | 77.90 | 77.70 | 77.62 | 77.48 | 77.34 |
| US Dollar Index | 79.47 | 79.05 | 78.77 | 78.35 | 78.07 |
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