News Summary for June 28, 2011

This is your Benzinga news summary and traders' outlook for Tuesday, June 28, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading slightly lower after posting gains yesterday. The U.S. dollar is trading flat on the session as traders wait for more clarity in Europe. Overseas, Greece will continue to debate its austerity package today. Police battle protesters in Athens while Greek unions strike as Greek Prime Minister George Papandreou seeks support. World equity markets are trading higher, with Japan's Nikkei Index a notable mover at nearly 1% higher. On the economic calendar today, the Case-Shiller 20-City Index is set to be reported at 9:00 a.m. ET and consumer confidence data is set to be released at 10:00 a.m. On the commodity front, gold and silver futures are down trading slightly higher, with silver posting early gains of nearly 1%. Energy futures are trading higher and crude oil futures have rebounded with early gains of 0.5%. On the earnings front, sports apparel giant Nike NKE reported EPS for the fourth quarter of $1.24 on revenues of $5.8 billion. Both numbers were higher than what The Street was expecting. In corporate news, Moody's downgraded Toyota Motor TM and affiliates to Aa3 and said the company could see further downgrades. The website of Mastercard MA has also been hacked again by Wikileaks sympathizers. Wikileads tweeted: "Hactivists take down MasterCard in protest over the continuing illegal WikiLeaks fiscal embargo." The Mastercard website has been hacked on multiple occasions over the past year by Wikileaks sympathizers. Later today, companies such as Sealy Corporation ZZ and Shaw Group SHAW are set to report earnings after the market close. This concludes your news summary for June 28, 2011.