Financial Breakfast: Morning News Summary for April 9, 2012

Benzinga's Top News

• AOL AOL and Microsoft MSFT Announce $1.056B Patent Deal
• Sony SNE To Lower 10,000 Jobs
• Chinese CPI Rose 3.6%, more than the Expected 3.3%, which Makes it More Difficult for Further Easing in China

Domestic Pre-Market Trading

• U.S. Equity Markets trade lower as Dow futures trade down about 115 points.
• U.S. Dollar trades about 0.22% lower.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 added 0.35%, Germany's DAX fell 0.13% and France's CAC 40 gained 0.19% on the session.
• Asian stocks ended the session lower. China's Shanghai fell 0.92%, Japan's Nikkei 225 slid 1.47%, and Hong Kong's Hang Seng dropped 0.95%.
• Chinese CPI Rose 3.6%, more than the Expected 3.3%, which Makes it More Difficult for Further Easing in China

Upgrades/Downgrades

• Guggenheim Upgrades Helmerich Payne HP from Neutral to Buy, Raises PT from $65 to $70
• The Benchmark Company Upgrades True Religion Apparel TRLG from Neutral to Buy, Announces PT of $3

• Citigroup Downgrades Walt Disney DIS from Buy to Neutral, Lowers PT from $44 to $4
• BTIG Downgrades Apple AAPL from Buy to Neutral, Removes PT of $600

On the Economic Calendar

• 11:30 a.m. ET - 6-Month Bill Auction
• 11:30 - 3-Month Bill Auction
• 19:15 - Fed Chairman Bernanke Speaks

Earnings

• Regis RGS Reports Third Quarter Revenues of $574 Million vs $568M Est
• Optimer Pharmaceuticals OPTR Appoints New chairman; Sees Q1 Revenues $16.45M vs $29.44M Est

Corporate News

• AOL AOL and Microsoft MSFT Announce $1.056B Patent Deal
• Sony SNE To Lower 10,000 Jobs
• Avon AVP Board of Directors Announces Appointment of Sherilyn McCoy as CEO of Avon

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.82%
• Energy futures are trading lower, with crude oil posting early losses of about 1.4%
• Natural Gas futures are lower by about 1% and copper is trading lower by about 1.37%

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	1403	1389	1380	1366	1357
Gold	1642	1637	1629	1623	1615
Crude	104.70	103.98	102.67	101.85	100.64
Natural Gas	2.18	2.14	2.11	2.06	2.03
EUR/USD	1.3145	1.3120	1.3085	1.3060	1.3025
US Dollar Index	80.58	80.34	80.15	79.90	79.70

Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!