MarketS DailY - Oct 24

US Markets:

Dow 172.04 +2.02% 8,691.25
Nasdaq 11.84 -0.73% 1,603.91
S.&P. 500 11.33 +1.26% 908.11

Asia at 9 AM

Japan Nikkei 7,880.46 -580.52 -6.86%
Hong Kong Hang Seng 13,150.97 -609.52 -4.27%
China Shanghai 1,862.76 –0.68% –12.80

SGX Nifty 2830 -129

Crude Oil $68.35+0.75%+$0.51
Gold $715.60+0.13%+$0.90

News Today:

* Asian Markets bleed on Early morning trade, nikkei slips below 8000, kospi slips below 1000.

* Indian rupee breaches past 50 to a record low against dollar.

* Software Giant Microsoft announces a better than expected numbers.

* US Seasonally adjusted jobless claims shoots to 478,000.

* Reliance posts good set of numbers, Tata motors announces 50% production cut clear signs that there is serious slow down in economy.

* Gold slips to $700.

* Inflation slips to 11.04% on the back of falling commodity prices.