Financial Breakfast: Morning News Summary for January 18, 2012 - Bruker (NASDAQ:BRKR)

Wednesday, January 18, 2012

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.

• When the World Trade Center fell, it was estimated that 45% of Wall Street's best office space was destroyed.

Benzinga's Top News

PNC Financial Services (NYSE: PNC) Reports Q4 EPS $1.39 vs $1.42 Est; Revenues $3.55B vs $3.54B Est</ li>
US Bancorp (NYSE: USB) Reports Q4 Ex-Gain EPS $0.64 vs $0.63 Est; Revenues $5.1B vs $4.76B Est</ li>
Yesterday, Yahoo! (NASDAQ: YAHOO) announces resignation of Jerry Yang

Domestic Pre-Market Trading

U.S. Equity Markets trade higher as Dow futures trade up about 14 points.
U.S. Dollar trades about 0.4% lower.

To see more pre-market news, click here.

Overseas Trading

European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.09%, Germany's DAX gained 0.22% and France's CAC 40 slid 0.08% on the session.
Asian stocks ended the session mixed. China's Shanghai lost 1.37%, Japan's Nikkei 225 added 0.99%, and Hong Kong's Hang Seng gained 0.3%

To see more overseas news, click here.

Upgrades/Downgrades

Credit Suisse upgrades MGM Resorts (NYSE: MGM) to Neutral
JP Morgan upgrades Belo (NYSE: BLC) to Overweight

To see more of today's upgrades, click here.

Brean Murray downgrades Chesapeake Energy (NYSE: CHK) to Hold
Bank of America downgrades Bruker (NASDAQ: BRKR) to Underperform

To see more of today's downgrades, click here.

On the Economic Calendar

US MBA Mortgage Applications 23.1% vs 4.5% Est
Producer Price Index is set to report at 8:30 a.m. ET
TIC Flows are due at 9:00 a.m.
Industrial Production and Capacity Utilization is due at 9:15 a.m.

To see more economic news, click here

Earnings

State Street (NYSE: STT) Reports Q4 EPS $0.93 vs $0.93 Est; Revenues $2.32B vs $2.39B Est</ li>
Northern Trust (NASDAQ: NTRS) Reports Q4 EPS $0.70 vs $0.68 Est; Revenues $955.60M vs $969.79M Est</ li>
PNC Financial Services (NYSE: PNC) Reports Q4 EPS $1.39 vs $1.42 Est; Revenues $3.55B vs $3.54B Est</ li>
US Bancorp (NYSE: USB) Reports Q4 Ex-Gain EPS $0.64 vs $0.63 Est; Revenues $5.1B vs $4.76B Est</ li>

To see more earnings announcements, click here.

Corporate News

Yesterday, Yahoo! (NASDAQ: YAHOO) announces resignation of Jerry Yang
CB&I (NYSE: CBI) announces Kearl Oil Sands expansion project contract; valued in excess of $750M

To see more corporate news, click here.

Commodities

Precious metals are trading lower, with gold posting losses of about 0.21%
Energy futures are trading higher, with crude oil posting gains of about 0.4%
Natural Gas futures are higher by about 1.5% and copper is trading lower by about 0.28%

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	12558	12490	12446	12378	12334
E-Mini S&P 500	1309	1299	1292	1282	1276
Gold	1674	1663	1656	1645	1639
Crude	102.03	101.51	100.50	99.98	98.97
Natural Gas	2.64	2.57	2.50	2.42	2.35
EUR/USD	1.2848	1.2790	1.2751	1.2694	1.2654
US Dollar Index	81.73	81.54	81.27	81.09	80.82