Market Overview

Financial Breakfast: Morning News Summary for July 2, 2012

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Monday, July 2, 2012

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

Benzinga's Top News

Domestic Pre-Market Trading

  • U.S. Equity Markets trade up as Dow futures trade higher about 8 points.
  • U.S. Dollar trades about 0.14% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 added 0.66%, Germany's DAX advanced 1.16% and France's CAC 40 added 1.30% on the session.
  • Asian stocks ended the session mixed. China's Shanghai gained 0.01%, Japan's Nikkei 225 slid 0.04%, and the Hong Kong's Hang Seng Market was Closed.
To see more overseas news, click here.


  • Societe Generale Upgrades Anheuser-Busch Inbev/Nv (NYSE: BUD) from Hold to Buy
To see more of today's upgrades, click here.

  • Macquarie Downgrades Helmerich Payne (NYSE: HP) from Outperform to Neutral
To see more of today's downgrades, click here.

On the Economic Calendar

  • 10:00 a.m. ET - Construction Spending (MoM)
  • 10:00 - ISM Manufacturing Index
  • 11:30 - 3-Month Bill Auction
  • 11:30 - 6-Month Bill Auction
To see more economic news, click here


    No Major Earnings Today
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.


  • Precious metals are trading lower, with gold posting early losses of about 0.78%
  • Energy futures are trading lower, with crude oil posting early losses of about 1.51%
  • Natural Gas futures are trading 0.67% lower and copper is trading lower by about 0.82%
To see more commodities news, click here.

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 1375 1366 1351 1342 1327
Gold 1634 1616 1590 1571 1544
Crude 89.28 87.07 83.14 80.93 77.00
Natural Gas 2.90 2.86 2.78 2.74 2.67
EUR/USD 1.2774 1.2717 1.2634 1.2577 1.2495
US Dollar Index 82.64 82.18 81.87 81.41 81.10

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