MarketS DailY - Sep 26

US Markets:

DOW 196.89 +1.82% 11,022.06
NASDAQ 30.89 +1.43% 2186.57

Asia at 9 AM:

NIKKEI 11,969.24 -37.29 -0.31%

HANG SENG 18,669.91 -264.52 -1.40%

SGX NIFTY : 4100 -50

Gold: 878.90 +0.19% +$1.70
Crude : $106.2 –1.22% –$1.32

News Today:

* In the biggest bank failure in US history, JPMorgan Chase will acquire Washington Mutual.

* The $700 billion bail out is still under negotiation in the US congress.

* US New home sales falls to 17-year low.

* HSBC Bank to cut 1,100 jobs worldwide.

* US Investment and commercial banks had borrowed a total of $218 billion from the Federal Reserve as of Wednesday.

* Japanese inflation stuck at 10-year high

* RBI report says PSU banks in India are more profitable compared to its peers in private banks.

* Indian Inflation came at 12.14 unchanged against previous week.


Performance of Key Asian Indexes

% change in 1 month & 1 year

Nikkei 225 Japan 11,983.34 –6.22% –27.09%

Hang Seng 18,658.01 -11.39% –29.41%

Shanghai 2,282.56 –2.87% –57.24%