MarketS DailY - Oct 15

US Markets:

Dow 76.62 -0.82% 9,310.99
Nasdaq 65.24 -3.54% 1,779.01
S.&P. 500 5.34 -0.53% 998.01

Asia at 9 AM

Japan Nikkei 9,309.54 -138.03 -1.46%
Hong Kong Hang Seng 16,371.92 -460.96 -2.83%
China Shanghai 1,986.55–1.53%–30.77


SGX Nifty 3417 -93

Crude Oil $78.15–0.61%–$0.48
Gold $846.80+0.87%+$7.30

News Today:

* US stocks not able to sustain gains despite of the $250 billion injection into the banks.

* Chip maker INTEL posted its results yesterday with a 12% rise earnings topping expectations. CEO warns slow down could affect future profits.

"The US economy appears to be in a recession as the financial market crisis bites" Janet Yellen, President of the Federal Reserve Bank of San Francisco.

* US Treasury secretary called on banks to “not take the new capital to hoard it, but to deploy it.”

* Indian MF investors redeem Rs 23k cr in Sept says Association of Mutual Funds in India (AMFI).

* Jet Airways lays off 850 flight attendants after deal with king fisher in order to cut down costs.

* Global Job cut counts as slow down hits jobs :

Daimler to cut 3,500 jobs
Nissan to cut 1,680 jobs
PepsiCo to cut 3,300 jobs
Britain to cut 10,000 jobs