News Summary for June 14, 2011

This is your Benzinga news summary and traders' outlook for Tuesday, June 14, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher as crude oil futures trade lower. The U.S. dollar is trading slightly lower this morning after ending the prior session lower as well. Overseas last night, the euro rose slightly against the dollar, continuing its rise after trading higher yesterday. Asian stocks traded higher after Chinese inflation figures rose slightly higher than expected. On the economic calendar today, the Producer Price Index and U.S. Retail Sales are due at 08:30 a.m. ET and U.S. Business Inventories for the period of April are due at 10:00 a.m. Earlier this morning, FactSet Research FDS reported third quarter earnings and revenues in-line with analyst estimates and reaffirmed guidance for the fourth quarter. On the commodity front, gold and silver futures are trading relatively flat on the session. Crude oil futures are trading over 0.5% lower on the session and gasoline futures are trading higher this morning up over 0.5%. In corporate news, Apple AAPL agreed to settle an extensive patent dispute with phone maker Nokia NOK. Foreign carmaker Honda HMC guided a 65% fall in annual profit as it tries to recover from the March earthquake. This concludes your news summary for June 14, 2011.