Thursday, December 29, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• The largest bond (physically) is New York Cable Railway, which measures approximately 2 feet by 3 feet including coupons, $1000 denomination dated 1884.
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- Italy sold about 7 billion euros in 10-year bonds at auction, versus an anticipated range of between 5 billion and 8.5 billion euros. Italian 10-year yields in turn fell below 7%, however, currently remains near the 7% level.
- Chesapeake Energy Corp CHK announced its plans to sell a pipelines unit to Chesapeake Midstream Partners CHKM for $865 million.
- Silver futures break below September lows at $26.145 per ounce.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 13 points.
- U.S. Dollar trades about 0.5% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.01%, Germany's DAX added 0.17% and France's CAC 40 gained 0.15% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.16%, Japan's Nikkei 225 lost 0.29%, and Hong Kong's Hang Seng fell 0.65%
- Italy sold about 7 billion euros in 10-year bonds at auction, versus an anticipated range of between 5 billion and 8.5 billion euros. Italian 10-year yields in turn fell below 7%, however, currently remains near the 7% level.
To see more overseas news, click here.
Upgrades/Downgrades
- DA Davidson upgrades Starbucks SBUX to Buy
To see more of today's upgrades, click here.
- Raymond James downgrades Edenor EDN to Market Perform
To see more of today's downgrades, click here.
On the Economic Calendar
- Initial and Continuing Jobless Claims are set to report at 8:30 a.m. ET
- Chicago PMI is due at 9:45 a.m.
- Pending Home Sales are to report at 10:00 a.m.
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Special committee of Fushi Copperweld FSIN announces receipt of revised 'going private' proposal at $9.50 per share
- Chesapeake Energy Corp CHK announced its plans to sell a pipelines unit to Chesapeake Midstream Partners CHKM for $865 million.
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 2.23%
- Energy futures are trading higher, with crude oil posting gains of about 0.19%
- Natural Gas futures are higher by about 0.67% and copper is trading lower by about 0.5%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini Dow | 12319 | 12197 | 12133 | 12011 | 11947 |
E-Mini S&P 500 | 1272 | 1258 | 1250 | 1236 | 1229 |
Gold | 1611 | 1584 | 1567 | 1540 | 1523 |
Crude | 102.74 | 101.16 | 100.14 | 98.56 | 97.54 |
Natural Gas | 3.22 | 3.17 | 3.14 | 3.09 | 3.06 |
EUR/USD | 1.3145 | 1.3042 | 1.2976 | 1.2870 | 1.808 |
US Dollar Index | 81.63 | 81.28 | 80.66 | 80.31 | 79.69 |
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