Financial Breakfast: Morning News Summary for January 5, 2012
Posted in: Earnings, News, Futures, Guidance, Upgrades, Commodities, Downgrades, Forex, Technicals, Retail Sales, Events, Global, Econ #s, Economics, Pre-Market Outlook, Markets, Analyst Ratings, Trading Ideas, General
Thursday, January 5, 2012
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
• The longest period in which the exchange was closed occurred during WW1, when the NYSE was closed for four and a half months starting July 31st, 1914.
Benzinga's Top News
- Kraft Foods (NYSE: KFT) and SodaStream (NASDAQ: SODA) enter strategic co-branding deal
- Toyota projects 32% increase in 2012 sales in India
- Yesterday, Seagate Technology (NYSE: STX) announced preliminary Q2 Revs $3.1-$3.2B vs $2.81B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 65 points.
- U.S. Dollar trades about 0.64% higher.
To see more pre-market news, click here.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.57%, Germany's DAX slid 0.83% and France's CAC 40 lost 1.04% on the session.
- Asian stocks ended the session mixed. China's Shanghai lost 0.95%, Japan's Nikkei 225 slid 0.83%, and Hong Kong's Hang Seng added 0.46%
To see more overseas news, click here.
Upgrades/Downgrades
- Credit Suisse upgrades Nokia (NYSE: NOK) to Outperform
To see more of today's upgrades, click here.
- Jefferies downgrades Yahoo! (NASDAQ: YHOO) to Hold
- Benchmark downgrades Google (NASDAQ: GOOG) to Hold
To see more of today's downgrades, click here.
On the Economic Calendar
- ADP Employment Claims is set to report at 8:15 a.m. ET
- Initial and Continuing Jobless Claims are due at 8:30 a.m.
- ISM Non-Manufacturing Index is set 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
- Kraft Foods (NYSE: KFT) and SodaStream (NASDAQ: SODA) enter strategic co-branding deal
- Toyota projects 32% increase in 2012 sales in India
- Yesterday, Seagate Technology (NYSE: STX) announced preliminary Q2 Revs $3.1-$3.2B vs $2.81B Est
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 0.14%
- Energy futures are trading lower, with crude oil posting losses of about 0.51%
- Natural Gas futures are lower by about 0.84% and copper is trading lower by about 0.93%
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 | 12425 | 12390 | 12332 | 12297 | 12239 |
| E-Mini S&P 500 | 1282 | 1277 | 1270 | 1265 | 1258 |
| Gold | 1635 | 1624 | 1609 | 1598 | 1583 |
| Crude | 104.83 | 104.05 | 102.97 | 102.19 | 101.11 |
| Natural Gas | 3.21 | 3.16 | 3.07 | 3.01 | 2.92 |
| EUR/USD | 1.3144 | 1.3042 | 1.2969 | 1.2867 | 1.2794 |
| US Dollar Index | 81.08 | 80.73 | 80.29 | 79.94 | 79.49 |
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