Financial Breakfast: Morning News Summary for December 12, 2011

• 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

• Boeing BA and Etihad Airways announced an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters, valued at a combined $2.8 billion at current list prices.

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.

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%.

Upgrades/Downgrades

• Morgan Stanley upgrades Boeing BA to Overweight
• Oppenheimer upgrades Tempur-Pedic TPX to Outperform, $70 PT

• Morgan Stanley downgrades Aeroflex ARX to Underweight, $10 PT
• Citigroup downgrades Occidental Petroleum OXY to Neutral, PT Raised to $100

On the Economic Calendar

• The U.S. Monthly Budget Statement is due at 2:00 p.m. ET.

Earnings

No Earnings Reported this Morning

Corporate News

• Boeing BA and Etihad Airways announced an order for 10 Boeing 787-9 Dreamliners and two Boeing 777 Freighters, valued at a combined $2.8 billion at current list prices.
• Ingersoll-Rand IR Board of Directors raised its quarterly dividend to $0.16 per ordinary share, reflecting a 33 percent increase and an annual dividend rate of $0.64 per share.

Commodities

• 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%

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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