vMarketS DailY - Oct 31

US Markets:

Dow 189.73 +2.11% 9,180.69
Nasdaq
41.31 +2.49% 1,698.52
S.&P. 500
24.00 +2.58% 954.09

Asia at 9 AM
Japan Nikkei 8,972.03 -57.73 -0.64%
Hong Kong Hang Seng 13,946.77 -383.08 -3.02%
China Shanghai 1,736.11 –1.56% –27.50

Crude Oil $64.57 –2.11% –$1.39
Gold
$734.30 –0.57% –$4.20

News Today:

* US Economy shrinks by 0.3 in the 3rd qtr as per the pre GDP estimates.

* US consumer spending is at a 28 year low, jobless claims unchanged against last week.

* FED Provides another $21 billion dollars to AIG, total of $144 billion given to AIG so far. It seems AIG will be in need of more cash.

*
Bank of Japan is expected to reduce key lending rate to 0.25%,Japan's September jobless rate falls to 4%

* China's central bank slashes one-year lending and deposit rates by 27 basis points third rate cut in 2 months.


* Indian Inflation eases to 10.68%.



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