Bacon & Trades
By kunal00
Posted in 
Tuesday, June 26, 2012
This is your Benzinga news summary and trader’s outlook covering headlines from overnight and today’s pre-market session.
The first European stock exchange was established in Antwerp, Belgium, in 1531.
Benzinga’s Top News
- Coca-Cola (NYSE: KO) Targeting Additional $3B Investment in India
- Yesterday, Moody’s Downgraded 28 Spanish Banks Long-Term Debt and Deposit Ratings
Domestic Pre-Market Trading
- U.S. Equity Markets trade up as Dow futures trade higher about 36 points.
- U.S. Dollar trades about 0.15% lower.
To see more pre-market news, click here.
Overseas Trading
- European markets are slightly higher in afternoon trading. Britain’s FTSE 100 added 0.18%, Germany’s DAX gained 0.13% and France’s CAC 40 advanced 0.10% on the session.
- Asian stocks ended the session mixed. China’s Shanghai fell 0.10%, Japan’s Nikkei 225 lost 0.81%, and Hong Kong’s Hang Seng added 0.45%.
- Yesterday, Moody’s Downgraded 28 Spanish Banks Long-Term Debt and Deposit Ratings
To see more overseas news, click here.
Upgrades/Downgrades
- Goldman Sachs Upgrades JPMorgan Chase (NYSE: JPM) from Buy to CL-Buy
To see more of today’s upgrades, click here.
- Goldman Sachs Downgrades Morgan Stanley (NYSE: MS) from CL-Buy to Neutral, Lowers PT to $16
To see more of today’s downgrades, click here.
On the Economic Calendar
- 08:55 a.m. ET – Redbook (MoM)
- 09:00 – S&P/CS Home Price Indices Composite
- 10:00 – Richmond Manufacturing Index
- 10:00 – CB Consumer Confidence
- 11:30 – 52-Week Bill Auction
- 11:30 – 4-Week Bill Auction
- 13:00 – 2-Year Note Auction
To see more economic news, click here
Earnings
- Yesterday, Apollo Group (NASDAQ: APOL) Reports Q3 EPS $1.20 vs $0.97 Est; Revenues $1.13B vs $1.12B Est
To see more earnings announcements, click here.
Corporate News
- Coca-Cola (NYSE: KO) Targeting Additional $3B Investment in India
- SBA Communications (NASDAQ: SBAC) Agrees to Acquire 3,252 Towers From TowerCo for $1.45 billion
- Digital Realty (NYSE: DLR) Enters into Share Sale and Purchase Agreement for a Three-Property Data Center Portfolio in London, UK for $1.1B
To see more corporate news, click here.
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.19%
- Energy futures are trading higher, with crude oil posting early gains of about 0.18%
- Natural Gas futures are trading 0.26% higher and copper is trading lower by about 0.02%
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 S&P 500 | 1331 | 1319 | 1310 | 1299 | 1291 |
| Gold | 1602 | 1593 | 1580 | 1571 | 1558 |
| Crude | 81.51 | 80.39 | 79.30 | 78.09 | 76.91 |
| Natural Gas | 2.75 | 2.71 | 2.68 | 2.64 | 2.62 |
| EUR/USD | 1.2569 | 1.2536 | 1.2503 | 1.2470 | 1.2437 |
| US Dollar Index | 82.96 | 82.79 | 82.65 | 82.48 | 82.35 |
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