Thursday, November 10, 2011
Market News and Data brought to you by Benzinga APIs
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- Goldman Sachs GS Raised $1.1B From Sale of ICBC Shares
- Lucas Papademos to be Greek Interim Prime Minister
- Bank of England Keeps Interest Rates Steady; 0.50% vs 0.50% estimate.
- Kohl's KSS Reports Q3 EPS $0.80 vs $0.78 Est; Revenues $4.38B vs $4.40B Est
- Viacom VIA Reports Q4 EPS $1.06 vs $1.03; Revenues $4.05B vs $3.75B Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher with Dow Futures up about 100 points.
- U.S. Dollar trades about 0.4% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are mixed in afternoon trading. Britain's FTSE 100 lost 0.13%, Germany's DAX added 1.1% and France's CAC 40 gained 0.6% on the session.
- Asian stocks ended the session lower. China's Shanghai lost 1.8%, Japan's Nikkei 225 slid 2.9% and Hong Kong's Hang Seng Index tumbled 5.25%.
- Bank of England Keeps Interest Rates Steady; 0.50% vs 0.50% estimate.
To see more overseas news, click here.
Upgrades/Downgrades
- Morgan Stanley Upgrades Vertex Pharmaceuticals VRTX to Equal-weight, $32 PT.
- Deutsche Bank Upgrades Cisco Systems CSCO to Buy, PT Raised to $22.
To see more of today's upgrades, click here.
- JP Morgan Downgrades Computer Sciences CSC to Underweight, PT Lowered to $27.
- Deutsche Bank Downgrades Kellogg K to Hold, PT Lowered to $50.
To see more of today's downgrades, click here.
On the Economic Calendar
- The Import Price Index, Trade Balance, Initial Jobless and Continuing Claims are due at 8:30 a.m. ET.
- The Monthly Budget Statement is set to release at 2:00 p.m..
To see more economic news, click here
Earnings
- Kohl's KSS Reports Q3 EPS $0.80 vs $0.78 Est; Revenues $4.38B vs $4.40B Est
- Viacom VIA Reports Q4 EPS $1.06 vs $1.03; Revenues $4.05B vs $3.75B Est
- AECOM Tech ACM Reports Q4 EPS $0.75 vs $0.73 Est; Revenues $2.12B vs $2.17B Est
To see more earnings announcements, click here.
Corporate News
- Goldman Sachs GS Raised $1.1B From Sale of ICBC Shares
- Take-Two Interactive Software TTWO announced that, subject to market and other conditions, it intends to offer $200 million of convertible senior notes due 2016.
- Ampio Pharmaceuticals AMPE announced that an IRB approved, randomized, vehicle-controlled, double-blinded study indicates that Ampion provides safe and effective anti-inflammatory relief when administered intranasally to patients with nasal inflammation.
- Smith Electric Vehicles Corp. today filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. Smith Electric Vehicles designs, produces and sells zero-emission commercial electric vehicles to commercial fleet operators..
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting losses of about 1.1%
- Energy futures are trading higher, with crude oil posting gains of about 1.8%
- Natural Gas futures are higher by about 0.9% and copper is trading lower by about 1.7%
To see more commodities news, click here.
Benzinga's Morning Radar
Technical Levels for Futures and ForexName | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
E-Mini Dow | 12290 | 12013 | 11858 | 11573 | 11410 |
E-Mini S&P500 | 1292 | 1258 | 1240 | 1207 | 1189 |
Gold | 1814 | 1792 | 1778 | 1756 | 1742 |
Crude | 99.35 | 97.56 | 96.05 | 94.27 | 92.75 |
Natural Gas | 3.80 | 3.72 | 3.68 | 3.61 | 3.57 |
EUR/USD | 1.3976 | 1.3758 | 1.3640 | 1.3422 | 1.3304 |
USD/JPY | 78.08 | 77.95 | 77.73 | 77.59 | 77.39 |
US Dollar Index | 79.27 | 78.72 | 77.70 | 77.15 | 76.12 |
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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