Financial Breakfast: Morning News Summary for June 18, 2012

Benzinga's Top News

• Infinity INFY Stops Phase 2 Trials of Saridegib in Chondrosarcoma and Myelofibrosis
• Yamana AUY Announces 18% Dividend Increase
• Greek, Pro-Bailout Party, Wins Sunday's Election
• Spanish 10-Year Yield Rises over 7%, EuroZone Record

Domestic Pre-Market Trading

• U.S. Equity Markets trade down as Dow futures trade lower about 41 points.
• U.S. Dollar trades about 0.18% higher.

Overseas Trading

• European markets are mixed in afternoon trading. Britain's FTSE 100 gained 0.35%, Germany's DAX advanced 0.70% and France's CAC 40 fell 0.02% on the session.
• Asian stocks ended the session higher. China's Shanghai added 0.42%, Japan's Nikkei 225 gained 1.77%, and Hong Kong's Hang Seng advanced 1.01%.
• Greek, Pro-Bailout Party, Wins Sunday's Election
• Spanish 10-Year Yield Rises over 7%, EuroZone Record

Upgrades/Downgrades

• Morgan Stanley Upgrades Groupon GRPN from Equal-weight to Overweight, Announces $18 PT

• JP Morgan Downgrades Rambus RMBS from Overweight to Neutral, Maintains $6.50 PT

On the Economic Calendar

• 10:00 a.m. ET - NAHB Housing Market Index
• 11:30 - 6-Month Bill Auction
• 11:30 - 3-Month Bill Auction

Earnings

No Major Earnings Today

Corporate News

• Infinity INFY Stops Phase 2 Trials of Saridegib in Chondrosarcoma and Myelofibrosis
• Yamana AUY Announces 18% Dividend Increase
• Friday, Steel Dynamics STLD Provided Q2 2012 Earnings Guidance: $0.15-0.20 vs $0.24 Est

Commodities

• Precious metals are trading lower, with gold posting early losses of about 0.39%
• Energy futures are trading lower, with crude oil posting early losses of about 0.90%
• Natural Gas futures are trading 0.81% lower and copper is trading higher by about 0.01%

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	1347	1342	1334	1329	1321
Gold	1643	1635	1628	1620	1613
Crude	85.50	84.84	84.13	83.49	82.76
Natural Gas	2.60	2.53	2.49	2.41	2.37
EUR/USD	1.2703	1.2670	1.2630	1.2598	1.2558
US Dollar Index	82.54	82.18	81.94	81.59	81.35

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