Financial Breakfast: Morning News Summary for April 17, 2012

Benzinga's Top News

• Goldman Sachs GS Reports Q1 EPS $3.92 vs $3.55 Est; Revenues $9.95B vs $9.45B Est
• Cheniere Energy LNG Gains US Approval for Gas-Export Terminal

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 58 points.
• U.S. Dollar trades about 0.06% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.87%, Germany's DAX advanced 1.19% and France's CAC 40 gained 1.47% on the session.
• Asian stocks ended the session lower. China's Shanghai fell 0.97%, Japan's Nikkei 225 declined 0.06%, and Hong Kong's Hang Seng slid 0.23%.
• China March Foreign Direct Investment Drops 6.1%

Upgrades/Downgrades

• Jefferies & Company Upgrades Newfield Exploration NFX from Hold to Buy, Raises PT from $38 to $46
• Jefferies & Company Upgrades Oasis Petroleum OAS from Hold to Buy, Raises PT from $31 to $42

• Goldman Sachs Downgrades First Solar FSLR from Buy to Neutral, Announces PT of $24
• Goldman Sachs Downgrades Infosys Technologies INFY from Buy to Neutral

On the Economic Calendar

• 08:30 a.m. ET - Building Permits
• 08:30 - Housing Starts
• 09:00 - Interest Rate Decision
• 09:15 - Industrial Production (MoM)
• 09:15 - Capacity Utilization Rate
• 11:30 - 4-Week Bill Auction

Earnings

• Goldman Sachs GS Reports Q1 EPS $3.92 vs $3.55 Est; Revenues $9.95B vs $9.45B Est
• State Street STTReports Q1 EPS $0.84 May Not Compare vs $0.87 Est; Revenues $2.42B vs $2.33B Est
• Omnicom Group OMC Reports Q1 EPS $0.72 vs $0.69 Est; Revenues $3.31B vs $3.29B Est
• Comerica CMA Reports Q1 EPS $0.66 May Not Compare vs $0.55 Est
• US Bancorp USB Reports Q1 EPS $0.67 vs $0.64 Est

Corporate News

• Cheniere Energy LNG Gains US Approval for Gas-Export Terminal
• BioDelivery Sciences BDSI Awarded Patent Resulting in $15 Million Milestone Payment

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.42%
• Energy futures are trading higher, with crude oil posting early gains of about 0.80%
• Natural Gas futures are trading 0.74% lower and copper is trading higher by about 0.03%

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	1381	1372	1366	1357	1351
Gold	1669	1661	1651	1644	1634
Crude	104.35	103.76	102.78	102.20	101.21
Natural Gas	2.05	2.03	1.99	1.97	1.94
EUR/USD	1.3246	1.3193	1.3094	1.3040	1.2941
US Dollar Index	80.58	80.14	79.90	79.47	79.23

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