Financial Breakfast: Morning News Summary for December 21, 2011
Posted in: Earnings, News, Futures, Upgrades, Commodities, Downgrades, Movers & Shakers, Financing, Forex, Technicals, FDA, M&A, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General, Best of Benzinga
Wednesday, December 21, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• 86.3% - the amount of FOREX traders that trade the USD.
Benzinga's Top News
- The ECB will lend Euro Area banks 489 billion euros (exceeding estimate) for three years, in order to keep credit flowing in a struggling economy.
- Shaw Group (NASDAQ: SHAW) reports Q1 EPS $0.68 May Not Compare vs $0.45 Est; Revenues $1.52B vs $1.52B Est
- Tokio Marine Holdings to Acquire Delphi Financial (NYSE: DFG) for $43.875 per Class A Share
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 50 points.
- U.S. Dollar trades about 0.18% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 gained 0.25%, Germany's DAX added 0.44% and France's CAC 40 gained 0.36% on the session.
- Asian stocks ended the session mixed. China's Shanghai lost 1.12%, Japan's Nikkei 225 added 1.48% and Hong Kong's Hang Seng Index gained 1.86%.
- The ECB will lend Euro Area banks 489 billion euros (exceeding estimate) for three years, in order to keep credit flowing in a struggling economy.
To see more overseas news, click here.
Upgrades/Downgrades
- Sterne Agee upgrades Fusion-IO (NYSE: FIO) to Neutral
- Goldman Sachs upgrades Cobalt Energy (NYSE: CIE) to Buy
To see more of today's upgrades, click here.
- Sterne Agee downgrades JP Morgan (NYSE: JPM) to Neutral
- Oppenheimer downgrades Teradata (NYSE: TDC) to Perform
To see more of today's downgrades, click here.
On the Economic Calendar
- Existing Home Sales are set to report at 10:00 a.m. ET
To see more economic news, click here
Earnings
- Shaw Group (NASDAQ: SHAW) reports Q1 EPS $0.68 May Not Compare vs $0.45 Est; Revenues $1.52B vs $1.52B Est
- Yesterday, Oracle (NASDAQ: ORCL) Reported Q2 EPS $0.54 vs $0.57 Est; Revenues $8.8B vs $9.23B Est
To see more earnings announcements, click here.
Corporate News
- Tokio Marine Holdings to Acquire Delphi Financial (NYSE: DFG) for $43.875 per Class A Share
- Ormat (NYSE: ORA) Signs a New 20-Year Power Purchase Agreement for 10 MW Solar PV Project with Imperial Irrigation District
- Raptor Pharma (NASDAQ: RPTP) Announce US, European Regulatory Agencies Approve Expanded Enrollment In Extension Study
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 0.51%
- Energy futures are trading higher, with crude oil posting gains of about 0.34%
- Natural Gas futures are lower by about 0.16% and copper is trading higher by about 0.47%
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 | 12255 | 12143 | 11936 | 11824 | 11617 |
| E-Mini S&P 500 | 1260 | 1248 | 1225 | 1213 | 1191 |
| Gold | 1634 | 1626 | 1612 | 1603 | 1590 |
| Crude | 99.82 | 98.69 | 96.50 | 95.37 | 93.18 |
| Natural Gas | 3.18 | 3.16 | 3.12 | 3.09 | 3.06 |
| EUR/USD | 1.3198 | 1.3139 | 1.3072 | 1.3013 | 1.2945 |
| USD/JPY | 78.16 | 78.02 | 77.86 | 77.72 | 77.56 |
| US Dollar Index | 81.19 | 80.72 | 80.37 | 79.55 | 79.55 |
Subscribe here to receive it daily to your inbox!
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
