MarketS DailY - Oct 06

US Markets:

DOW 157.47-1.50% 10,325.38
NASDAQ 29.33 -1.48% 1,947.39

Asia at 9 AM:

NIKKEI 10,549.86 -388.28 -3.55%

HANG SENG 17,178.26 -504.14 -3%

SGX NIFTY : 3742 -110

Gold: $834.60+0.17%+$1.40
Crude : $92.00 –2.00% –$1.88

News Today:

* US house of representatives pass the $700 billion bail out plan.

* Worst week in 7 years for US markets -Dow Jones lost 7.3%, S&P 500 tumbled 9.4% and NASDAQ crashed by more than 14%.

* US job nos came at a 5 year low.

* Nikkei falls to 4 year lows.

* Germany on Sunday guaranteed a bailout deal for Hypo Real Estate AG, Second largest real estate company in Germany.

* Dollar holds strong despite of fading US economy,Rupee is expected to weaken further.