Financial Breakfast: Morning News Summary for December 22, 2011

Thursday, December 22, 2011

This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.


• After the Great Depression it took 25 years for the stock market to recover fully, to the point it'd been at before the crash.

Benzinga's Top News

  • Yahoo YHOO is Discussing a Plan to Cut Alibaba Stake to 15%; Deal Would be Structured as a Cash-Rich Split-Off
  • AECOM (NYSE ACM), Shaw SHAW joint venture awarded Global Contingency Services Contract worth up to $900 million.
  • Brazil's Unemployment Rate Drops to 5.2% In November; Lowers 2011 Economic Growth Forecast

Domestic Pre-Market Trading

  • U.S. Equity Markets trade higher as Dow futures trade up about 50 points.
  • U.S. Dollar trades about 0.09% lower.
To see more pre-market news, click here.

Overseas Trading

  • European markets are higher in afternoon trading. Britain's FTSE 100 gained 1.15%, Germany's DAX added 1.04% and France's CAC 40 gained 1.29% on the session.
  • Asian stocks ended the session lower. China's Shanghai lost 0.21%, Japan's Nikkei 225 slid 0.77% and Hong Kong's Hang Seng Index fell 0.21%.
  • Brazil's Unemployment Rate Drops to 5.2% In November; Lowers 2011 Economic Growth Forecast
To see more overseas news, click here.

Upgrades/Downgrades

  • Wunderlich Securities upgrades VMware VMW to Buy, Maintains PT at $95
  • JP Morgan upgrades WABCO WBC to Overweight
To see more of today's upgrades, click here.

  • Benchmark Downgrades Manhattan Associates MANH to Hold
To see more of today's downgrades, click here.

On the Economic Calendar

  • Chicago Fed National Activity Index, GDP (QoQ), Initial & Continuing Jobless Claims are due at 8:30 a.m. ET
  • U of M Confidence Index is set to report at 9:55 a.m.
  • Leading Indicators and House Price Index is due at 10:00 a.m.
To see more economic news, click here

Earnings

    No Major Earnings this Morning
To see more earnings announcements, click here.

Corporate News

To see more corporate news, click here.

Commodities

  • Precious metals are trading lower, with gold posting losses of about 0.07%
  • Energy futures are trading higher, with crude oil posting gains of about 0.37%
  • Natural Gas futures are higher by about 1.16% and copper is trading higher by about 0.41%
To see more commodities news, click here.


Benzinga's Morning Radar

Technical Levels for Futures and Forex
Name Resistance-2 Resistance-1 Mid Pivot Support-1 Support-2
E-Mini Dow 12266 12144 12036 11914 11806
E-Mini S&P 500 1262 1249 1236 1223 1210
Gold 1658 1637 1622 1601 1586
Crude 100.81 99.91 99.04 97.46 95.91
Natural Gas 3.24 3.20 3.15 3.11 3.05
EUR/USD 1.3260 1.3153 1.3088 1.2981 1.2916
USD/JPY 78.36 78.20 77.94 77.78 77.52
US Dollar Index 80.99 80.65 80.10 79.76 79.20


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Posted In: EarningsNewsUpgradesDowngradesFuturesTechnicalsCommoditiesContractsForexEventsGlobalEcon #sEconomicsPre-Market OutlookMarketsAnalyst RatingsTrading IdeasApplication SoftwareInformation Technology
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