Financial Breakfast: Morning News Summary for March 9, 2012

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

Nonfarm Payroll, Unemployment Rate, and Trade Balance are set to report at 8:30 a.m. ET

To see more pre-market news, click here.

European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.06%, Germany's DAX gained 0.28% and France's CAC 40 advanced 0.03% on the session.
Asian stocks ended the session higher. China's Shanghai added 0.79%, Japan's Nikkei 225 gained 1.65%, and Hong Kong's Hang Seng advanced 0.89%.

To see more overseas news, click here.

Jefferies & Company Upgrades Kohls KSS from Hold to Buy, Raises PT from $47 to $59
BMO Capital Markets Upgrades Cloud Peak Energy CLD to Outperform

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

Bank of America Downgrades Green Mountain Coffee Roasters GMCR from Buy to Neutral, Lowers PO from $70 to $63
JP Morgan Downgrades Pall PLL from Neutral to Underweight, Maintains PT at $53

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

Nonfarm Payroll, Unemployment Rate, and Trade Balance are set to report at 8:30 a.m. ET
Wholesale Inventories are set to report at 10:00 a.m.

To see more economic news, click here

No Major Earnings this Morning

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Green Mountain Coffee Roasters GMCR Issues Comment on Starbucks' SBUX Espresso-Based Single Cup Category Initiative.

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Precious metals are trading higher, with gold posting early gains of about 0.14%
Energy futures are trading higher, with crude oil posting early gains of about 0.27%
Natural Gas futures are higher by about 1.28% and copper is trading higher by about 0.44%

To see more commodities news, click here.

Technical Levels for Futures and Forex