MarketS DailY - Nov 04

US Markets:

Dow 5.18 -0.06% 9,319.83
Nasdaq 5.38 +0.31% 1,726.33
S.&P. 500 2.45 -0.25% 966.30

Asia at 9 AM

Japan Nikkei 8,894.71 +317.73 +3.70%
Hong Kong Hang Seng 14,032.16 -312.21 -2.24%
China Shanghai 1,691.27 –2.61% –45.25

SGXNifty 3070 +8

Crude Oil $63.30 –0.95% –$0.61
Gold $726.90 +0.01% +$0.10

News Today:

* US election day today, Markets ended calm waiting for the results of the elections.

* US auto sales at 25 year low.

* US ISM index showed a severe contraction in the manufacturing sector.

* Australia cuts key interest rate 0.75 point to 5.25%.

* India's PM asks India Inc captains to avoid job lay offs.

* CLSA's Chris Wood says S&P 500 can pull back upto 1200 levels.