Financial Breakfast: Morning News Summary for January 6, 2012

• Wall Street was originally called by the Dutch name "de Waal Straat".

Benzinga's Top News

• BioDelivery Sciences BDSI announces worldwide license and development agreement with Endo Pharmaceuticals ENDP for BEMA Buprenorphine; BDSI to receive up to $180M plus royalties
• Payrolls and the Unemployment Rate are due at 8:30 a.m. ET

Domestic Pre-Market Trading

• U.S. Equity Markets trade higher as Dow futures trade up about 21 points.
• U.S. Dollar trades about 0.12% lower.

Overseas Trading

• European markets are higher in afternoon trading. Britain's FTSE 100 added 0.61%, Germany's DAX gained 0.6% and France's CAC 40 advanced 0.82% on the session.
• Asian stocks ended the session mixed. China's Shanghai added 0.7%, Japan's Nikkei 225 slid 1.16%, and Hong Kong's Hang Seng fell 1.17%

Upgrades/Downgrades

• Sterne Agee upgrades SanDisk SNDK to Buy
• Deutsche Bank upgrades TD Ameritrade AMTD to Buy

• Credit Suisse downgrades Illinois Tool Works ITW to Neutral
• Sterne Agee downgrades Intel INTC to Neutral

On the Economic Calendar

• Payrolls and the Unemployment Rate are due at 8:30 a.m. ET

Earnings

• IHS IHS Reports Q4 EPS $0.99 vs $0.95 Est; Revenues $370.66M vs $363.28M Est
• AZZ AZZ Reports Q3 EPS $0.79 vs $0.79 Est; Revenues $116.5M vs $117.70M Est
• Greenbriers GBX Reports Q1 EPS $0.48 May not Compare vs $0.35 Est; Revenues $398.2M vs $399.54M Est

Corporate News

• BioDelivery Sciences BDSI announces worldwide license and development agreement with Endo Pharmaceuticals ENDP for BEMA Buprenorphine; BDSI to receive up to $180M plus royalties

Commodities

• Precious metals are trading higher, with gold posting gains of about 0.19%
• Energy futures are trading higher, with crude oil posting gains of about 0.46%
• Natural Gas futures are higher by about 1.14% 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 Dow	12462	12398	12308	12244	12154
E-Mini S&P 500	1288	1280	1270	1262	1252
Gold	1644	1633	1615	1604	1586
Crude	104.56	102.96	102.11	100.53	99.70
Natural Gas	3.18	3.07	3.01	2.90	2.83
EUR/USD	1.3009	1.2898	1.2834	1.2723	1.2659
US Dollar Index	81.95	81.59	80.99	80.63	80.03

Subscribe here to receive it daily to your inbox!