Financial Breakfast: Morning News Summary for June 11, 2012

Benzinga's Top News

Announced Over the Weekend, Spain Will Receive Up To 100 Billion Euros ($125B) From Euro Partners in Part of a Bank Recapitalization Plan

Apple WWDC 2012 Scheduled for 1:00 pm ET today, Expected to Announce new Operating System, and Rumors of New MacBook Pros with Retina Displays

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 82 points.
• U.S. Dollar trades about 0.45% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.83%, Germany's DAX gained 1.76 % and France's CAC 40 advanced 1.43% on the session.
• Asian stocks ended the session higher as well. China's Shanghai gained 1.04%, Japan's Nikkei 225 added 1.96%, and Hong Kong's Hang Seng advanced 2.44%.
• Announced Over the Weekend, Spain Will Receive Up To 100 Billion Euros ($125B) From Euro Partners in Part of a Bank Recapitalization Plan

Upgrades/Downgrades

• Citigroup Upgrades Universal Health Services UHS from Neutral to Buy, PT raised from $48 to $51
• Cantor Fitzgerald Upgrades NetApp NTAP from Hold to Buy, Raises PT from $36 to $38

• Mirae Asset Downgrades Ctrip.com CTRP from Buy to Hold, PT Lowered from $28 to $21
• Credit Suisse Downgrades Southern Company SO from Outperform to Neutral

On the Economic Calendar

• 11:30 a.m. ET - 3-Month Bill Auction
• 11:30 - 6-Month Bill Auction

Earnings

No Major Earnings this Morning

Corporate News

• Apple WWDC 2012 Scheduled for 1:00 pm ET today, Expected to Announce new Operating System, and Rumors of New MacBook Pros with Retina Displays
• Centene Corporation CNC Lowers 2012 Earnings Guidance Range; $1.45-1.65 from $2.64-2.84 Prior vs $2.68 Est
• IntegraMed America INMD Agrees to be Acquired by Sagard Capital Partners for $169.5 Million or $14.05/Share

Commodities

• Precious metals are trading higher, with gold posting early gains of about 0.06%
• Energy futures are trading higher, with crude oil posting early gains of about 0.95%
• Natural Gas futures are trading 1.22% lower and copper is trading higher by about 1.81%

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	1339	1331	1314	1306	1290
Gold	1615	1605	1586	1575	1556
Crude	86.34	85.34	83.67	82.67	81.00
Natural Gas	2.37	2.34	2.28	2.25	2.19
EUR/USD	1.2584	1.2550	1.2492	1.2458	1.2400
US Dollar Index	83.10	82.78	82.62	82.30	82.14

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