Financial Breakfast: Morning News Summary for December 30, 2011
Posted in: Earnings, News, Futures, Upgrades, Commodities, Downgrades, Forex, Technicals, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, Best of Benzinga
Friday, December 30, 2011
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• Anthony Stockholm was the first President of the NYSE.
Benzinga's Top News
- Ford (NYSE: F) enters 2012 with plans to further reduce the amount of water used to make vehicles and continue showing efficiency is not only inherent in its vehicle lineup, but also in its manufacturing practices.
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 3 points.
- U.S. Dollar trades about 0.1% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 slid 0.19%, Germany's DAX added 0.26% and France's CAC 40 gained 0.28% on the session.
- Asian stocks ended the session higher. China's Shanghai added 1.22%, Japan's Nikkei 225 gained 0.67%, and Hong Kong's Hang Seng added 0.2%
To see more overseas news, click here.
Upgrades/Downgrades
- DA Davidson upgrades Starbucks (NASDAQ: SBUX) to Buy
To see more of today's upgrades, click here.
- Raymond James downgrades Edenor (NYSE: EDN) to Market Perform
To see more of today's downgrades, click here.
On the Economic Calendar
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No Major Economic Data Today
To see more economic news, click here
Earnings
-
No Major Earnings this Morning
To see more earnings announcements, click here.
Corporate News
- Ford (NYSE: F) enters 2012 with plans to further reduce the amount of water used to make vehicles and continue showing efficiency is not only inherent in its vehicle lineup, but also in its manufacturing practices.
To see more corporate news, click here.
Commodities
- Precious metals are trading higher, with gold posting gains of about 1.77%
- Energy futures are trading lower, with crude oil posting losses of about 0.22%
- Natural Gas futures are lower by about 1.06% and copper is trading higher by about 1.7%
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 | 12325 | 12269 | 12174 | 12118 | 12023 |
| E-Mini S&P 500 | 1267 | 1262 | 1253 | 1247 | 1238 |
| Gold | 1583 | 1565 | 1544 | 1526 | 1505 |
| Crude | 100.97 | 100.40 | 99.40 | 98.78 | 97.73 |
| Natural Gas | 3.20 | 3.11 | 3.05 | 2.96 | 2.91 |
| EUR/USD | 1.3033 | 1.2997 | 1.2927 | 1.2890 | 1.2820 |
| US Dollar Index | 81.50 | 81.15 | 80.96 | 80.61 | 80.42 |
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