Financial Breakfast: Morning News Summary for December 19, 2011
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Technicals, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Monday, December 19, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• 0 - The amount of capital gains tax paid in Mexico, Malaysia and Barbados to name a few.
Benzinga's Top News
- North Korean Leader Kim Jong Il reported dead.
- Trius (NASDAQ: TSRX) reports positive results from first Phase 3 Trial of Tedizolid in acute bacterial skin and skin structure infections.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 55 points.
- U.S. Dollar trades about 0.02% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.1%, Germany's DAX added 1% and France's CAC 40 gained 1% on the session.
- Asian stocks ended the session lower. China's Shanghai lost 0.3%, Japan's Nikkei 225 slid 1.26% and Hong Kong's Hang Seng Index lost 1.2%.
- North Korean Leader Kim Jong Il reported dead.
To see more overseas news, click here.
Upgrades/Downgrades
- Credit Suisse upgrades DTE Energy (NYSE: DTE) to Outperform
- JP Morgan upgrades BMC Software (NYSE: BMC) to Neutral
To see more of today's upgrades, click here.
- Sterne Agee downgrades the Children's Place Retail Stores (NASDAQ: PLCE) to Neutral
- Credit Suisse downgrades Pinnacle West Capital (NYSE: PNW) to Neutral
To see more of today's downgrades, click here.
On the Economic Calendar
- The NAHB Housing Market Index is set to report at 10:00 a.m. ET
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Trius (NASDAQ: TSRX) reports positive results from first Phase 3 Trial of Tedizolid in acute bacterial skin and skin structure infections.
- According to research firm comScore, Americans spent around $31 billion shopping online this holiday-shopping season, representing a rise of 15% from the year-ago period. American online sales came in at $30.9 billion from November 1 through Dec. 16, up from $26.9 billion, in the year-ago period.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 0.2%
- Energy futures are trading higher, with crude oil posting gains of about 0.5%
- Natural Gas futures are lower by about 1.7% and copper is trading lower by about 0.9%
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 | 11972 | 11873 | 11809 | 11710 | 11646 |
| E-Mini S&P 500 | 1231 | 1220 | 1214 | 1203 | 1197 |
| Gold | 1615 | 1608 | 1596 | 1589 | 1578 |
| Crude | 95.97 | 94.87 | 93.70 | 92.60 | 91.43 |
| Natural Gas | 3.21 | 3.17 | 3.12 | 3.08 | 3.03 |
| EUR/USD | 1.3129 | 1.3087 | 1.3040 | 1.2998 | 1.2951 |
| USD/JPY | 78.11 | 77.94 | 77.77 | 77.58 | 77.42 |
| US Dollar Index | 81.19 | 80.92 | 80.76 | 80.49 | 80.33 |
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