Morning Market Briefing

Morning Market Briefing Monday, October 10, 2011, 09:01 Contents Commentary Economic News Corporate News Broker Ratings Changes Todays WS Events Commentary Stocks May See Early Strength Amid Optimism About Europe - U.S. Commentary After seeing notable strength last week, stocks could see some further upside in early trading on Monday amid optimism about the European financial situation. The major index futures are currently pointing to a sharply higher open, with the Dow futures up by 118 points. (Oct 10, 2011) Full Article Economic News Merkel, Sarkozy Reach Deal On Bank Recapitalization German Chancellor Angela Merkel and French President Nicolas Sarkozy have reached an agreement on recapitalizing European banks in an attempt to stem the debt crisis. (Oct 10, 2011) Full Article German Exports Rebound In August German exports grew for the first time in three months in August, leading to an increase in the country's trade surplus, data from the Federal Statistical Office showed Monday. (Oct 10, 2011) Full Article French Q3 Growth Forecast Confirmed At 0.1%, Business Sentiment Stable The French economy is set to mark weak growth in the third quarter as previously projected, following a stagnation in the previous three months, a survey revealed Monday. (Oct 10, 2011) Full Article Corporate News Daylight Energy Agrees to $2.2 bln Acquisition by Sinopec Daylight Energy Ltd. (DAY.TO) Sunday reported agreeing to be acquired by Sinopec International Petroleum Corp., a subsidiary of China Petroleum & Chemical Corp. (SNP) for a cash consideration of 10.08 Canadian dollars per share, or a total of 2.2 billion Canadian dollars. (Oct 10, 2011) Full Article Broker Ratings Changes Robert W. Baird Cuts Accenture plc (ACN) To Neutral From Outperform With $62 down from $64 Price Target (Oct 10, 2011) Robert W. Baird Cuts Cardinal Financial Corp. (CFNL) To Neutral From Outperform With $10 down from $12 Price Target (Oct 10, 2011) Robert W. Baird Cuts IBERIABANK CORP (IBKC) To Neutral From Outperform With $50 down from $58 Price Target (Oct 10, 2011) Robert W. Baird Downgrades Bank of Hawaii Corp. (BOH) To Underperform From Neutral With $30 down from $40 Price Target (Oct 10, 2011) Robert W. Baird Downgrades First Financial Bancorp (FFBC) To Neutral From Outperform With $15 down from $18 Price Target (Oct 10, 2011) Robert W. Baird Downgrades First Midwest Bancorp (FMBI) To Neutral From Outperform With $9 down from $12 Price Target (Oct 10, 2011) Robert W. Baird Downgrades Wintrust Financial Corp. (WTFC) To Neutral From Outperform With $30 down from $37 Price Target (Oct 10, 2011) Robert W. Baird Lowers bank of kentucky financial corp. (BKYF) To Neutral From Outperform With $24 down from $28 Price Target (Oct 10, 2011) Robert W. Baird Lowers MB Financial Inc. (MBFI) To Neutral From Outperform With $17 down $24 Price Target (Oct 10, 2011) Todays WS Events Digital Realty To Present At Morgan Stanleys REIT Summit; Webcast At 10:45 PM ET Digital Realty Trust, Inc. (DLR) will present at the Morgan Stanley California REIT Summit in The Ritz Carlton, Half Moon Bay, California. The event is scheduled to begin at 10:45 PM ET on October 10, 2011. To access the live webcast, log on at www.digitalrealtytrust.com (Oct 10, 2011) Kilroy Realty Analyst Day At 2:30 PM ET Kilroy Realty Corporation (KRC) will host an Analyst/Investor Day in Bellevue, Washington. The event is scheduled to begin at 2:30 PM ET on October 10, 2011. To access the live audio webcast, log on at http://phx.corporate-ir.net/phoenix.zhtml?c=79637&p=irol-calendar (Oct 10, 2011) Sonoco Products Investor Conference Call At 10:00 AM ET Sonoco Products (SON) will host a conference call at 10:00 AM ET, October 10, 2011, to discuss the acquisition of Tegrant Corporation. To access the live webcast, log on at www.sonoco.com To listen to the call, dial 866-730-5763 (US) or +857-350-1587 (International) using participant code is 65166955. For replay, dial 888-286-8010 (US) or +617-801-6888 (International) using passcode is 44015383 (Oct 10, 2011) Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service