Market Overview

Financial Breakfast: Morning News Summary for December 12, 2011


Monday, December 12, 2011

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

After October 10th, 1953, there has never been a day on the NYSE where less than a million shares have been traded.

Benzinga's Top News

Domestic Pre-Market Trading

  • U.S. Equity Markets trade lower as Dow futures trade down about 70 points.
  • U.S. Dollar trades about 0.8% higher.
To see more pre-market news, click here.

Overseas Trading

  • European markets are lower in afternoon trading. Britain's FTSE 100 lost 0.4%, Germany's DAX slid 1.3% and France's CAC 40 fell 1% on the session.
  • Asian stocks ended the session mixed. China's Shanghai lost 0.99%, Japan's Nikkei 225 added 1.4% and Hong Kong's Hang Seng Index lost 0.6%.
To see more overseas news, click here.


  • Morgan Stanley upgrades Boeing (NYSE: BA) to Overweight
  • Oppenheimer upgrades Tempur-Pedic (NYSE: TPX) to Outperform, $70 PT
To see more of today's upgrades, click here.

  • Morgan Stanley downgrades Aeroflex (NYSE: ARX) to Underweight, $10 PT
  • Citigroup downgrades Occidental Petroleum (NYSE: OXY) to Neutral, PT Raised to $100
To see more of today's downgrades, click here.

On the Economic Calendar

  • The U.S. Monthly Budget Statement is due at 2:00 p.m. ET.
To see more economic news, click here


    No Earnings Reported this Morning
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.


  • Precious metals are trading lower, with gold posting losses of about 1.9%
  • Energy futures are trading lower, with crude oil posting losses of about 1%
  • Natural Gas futures are lower by about 2.4% and copper is trading lower by about 2.2%
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 Dow 12322 12235 12060 11975 11802
E-Mini S&P 500 1275 1264 1243 1232 1211
Gold 1737 1726 1716 1705 1695
Crude 101.58 100.71 99.03 98.16 96.48
Natural Gas 3.49 3.41 3.36 3.28 3.23
EUR/USD 1.3517 1.3451 1.3366 1.3299 1.3214
USD/JPY 77.90 77.70 77.62 77.48 77.34
US Dollar Index 79.47 79.05 78.77 78.35 78.07

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