MarketS DailY - Oct 29



US Markets:

Dow 889.35 +10.88% 9,065.12
Nasdaq
143.57 +9.53% 1,649.47
S.&P. 500
91.59 +10.79 % 940.5




Asia at 9 AM


Japan Nikkei 8,108.90 +486.98 +6.39%
Hong Kong Hang Seng 13,231.09 +634.80 +5.04%
China Shanghai 1,793.89+1.25% +22.07


Crude Oil $64.70 +3.14% +$1.97
Gold
$750.50 +1.35% +$10.00

News Today:

* DOW rallies 11%, 2nd biggest rally for dow .

* US consumer confidence falls to a record low of 38.

* Asian markets take cue from US and post rally with indices up 5% in japan and hong kong.

* FED will announce its interest rate decision, a 50 bps cut is widely expected.

* BOE warns of a possible banking system break down in a statement released yesterday.

* Bank of Japan is considering an interest rate cut.



2008 -- THE EMERGING MARKETS

Best-performing markets

Venezuela's General index
-4.6%
Chile's IPSA index-23.1%
Malaysia's KCLI index -40.6%
Worst-performing markets

Russia's RTS index
-76.0%
China's Shanghai Composite -67.3%
Argetina's MERVAL index -60.9%

* as of Oct. 27


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