Financial Breakfast: Morning News Summary for February 10, 2012

Keynes was the first to introduce the concept of a multiplier in 1929.

Benzinga's Top News

• Alcatel-Lucent ALU Reports Q4 EPS EUR0.19 vs EUR0.11 Est; Revenues EUR4.26B vs EUR4.22B Est
• NYSE Euronext NYX Reports Q4 EPS $0.50 vs $0.48 Est; Revenues $628M vs $626.55M Est

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 70 points.
• U.S. Dollar trades about 0.32% higher.

Overseas Trading

• European markets are lower in afternoon trading. Britain's FTSE 100 slid 0.52%, Germany's DAX fell 1.25% and France's CAC 40 lost 1.0% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.14%, Japan's Nikkei 225 slid 0.61%, and Hong Kong's Hang Seng fell 1.08%.

Upgrades/Downgrades

• Deutsche Bank Upgrades ConocoPhillips COP to Buy
• Wedbush Upgrades ON Semiconductor ONNN to Outperform

• Deutsche Bank Downgrades O'Reilly Automotive ORLY to Hold
• Benchmark Downgrades TripAdvisor TRIP to Hold

On the Economic Calendar

• US Trade Balance is set to report at 8:30 a.m. ET
• U of M Confidence Index is due at 9:55 a.m.
• US Monthly Budget Statement is set at 2:00 p.m.

Earnings

• Alcatel-Lucent ALU Reports Q4 EPS EUR0.19 vs EUR0.11 Est; Revenues EUR4.26B vs EUR4.22B Est
• NYSE Euronext NYX Reports Q4 EPS $0.50 vs $0.48 Est; Revenues $628M vs $626.55M Est
• Laboratory of America LH Reports Q4 EPS $1.56 vs $1.53 Est; Revenues $1.37B vs $1.38B Est

Corporate News

• Recon Technology RCON Announces Its Return to Compliance with Nasdaq

Commodities

• Precious metals are trading lower, with gold posting losses of about 1.32%
• Energy futures are trading lower, with crude oil posting losses of about 1.51%
• Natural Gas futures are higher by about 0.28% and copper is trading lower by about 1.46%

Benzinga's Morning Radar

Technical Levels for Futures and Forex

Name	Resistance-2	Resistance-1	Mid Pivot	Support-1	Support-2
E-Mini S&P 500	1359	1353	1347	1341	1335
Gold	1765	1748	1738	1721	1710
Crude	100.96	100.38	99.60	99.02	98.25
Natural Gas	2.66	2.57	2.48	2.39	2.30
EUR/USD	1.3366	1.3325	1.3279	1.3238	1.3195
US Dollar Index	78.99	78.83	78.63	78.46	78.26

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