News Summary for June, 15 2011

This is your Benzinga news summary and traders' outlook for Wednesday, June 15, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after the markets posted over a 1% gain yesterday. The U.S. dollar is trading nearly 1% higher this morning. Overseas last night, the euro fell against the dollar after Greek bailout talks overseas were unsuccessful. The British pound also fell against the dollar after the U.K.'s jobless claims came in worse than expected. On the economic calendar today, the Consumer Price Index is due at 08:30 a.m. ET. Net TIC Flows are due at 9:00 a.m. and Capacity Utilization is due at 9:15 a.m. Yesterday after the close, Clacor CLC reported an EPS and revenues beat while reaffirming guidance. Shares of Clacor traded 3% higher in after-hours trading. Earlier this morning, Moody's put France's three biggest banks BNP Paribas, Societe Generale, and Credit Agricole on evaluation for a potential downgrade citing too much exposure to Greece. On the commodity front, gold and silver futures are trading relatively lower on the session. Likewise, Crude oil, gasoline, and natural gas futures are all trading lower on the session. In corporate news, online radio company Pandora P prices its IPO at $16 per share, which is above its estimated range. Shares of Pandora will begin trading today. This concludes your news summary for June 15, 2011.