MarketS DailY - Oct 01

US Markets:

DOW 485.21 +4.68% 10,850.66
NASDAQ 98.60 +4.97% 2,082.33

Asia at 9 AM:

NIKKEI
11,379.64 +119.78 +1.06%
HANG SENG
Markets closed for holiday

SGX NIFTY : 3960 +28

Crude: $101.43 +0.78% +$0.79
Gold :
$884.10 +0.32% +$2.80

News Today:

*
DOW rallies 485 points , The third-highest point gain ever on bets that bailout plan can get passed.

* US senate will vote for the bail out plan today. The bailout package adds new provisions - including raising the FDIC insurance cap.

* Crude oil climbs 5% .

* US
Credit-card debt is on the brink of imploding and will be the next storm to hit the fragile finance industry, an investment research firm predicted this week.

* India second largest bank by assets ICICI financial position sound,RBI backs claim.

*
Bank of Japan's tankan survey due out Wednesday is expected to show that major businesses believe world's second-largest economy is already in a recession.


2008* IN THE EMERGING MARKETS

Best-performing markets

Kuwait's KSE Price Index
2%
Chile's IPSA index-14%
Mexico's IPC index

-19%
Worst-performing markets
China's Shanghai Composite-56%
Vietnam's VN Index-48%
Russia's RTS index -48%

* as of September 29

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