MarketS DailY - Nov 14

US Markets

Dow 8,835 552.59
Nasdaq 1,597 97.49
S&P 500 911 58.99

Europe

London 4,169 -12.81
Paris 3,269 35.50
Frankfurt 4,650 28.72

Asia at 9 30 AM

Tokyo 8,500 261.04
Hong Kong 13,615 393.83

Commodities

Oil
$58.59 0.35
Gold
$705.00 -13.30

Market Outlook:

The Asian market are rallying on the back of +ve cues from US markets. Our markets are likely to open gap up. Inflation has come in as a positive surprise, but its history. All eyes are now on growth expectations and not on inflation. The fall in inflation gives room for RBI to further bring down interest rates. An rate cut as early on Friday evening is not ruled out. Markets will look upto any +Ve action from RBI. Europe is likely to open in green. Germany has officially announced its recession with the growth slipping into -ve region.

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News Today

* DOW swing 900 points in yesterdays trade, rallied after president Bush's address. Finished with a 550 point gain 3rd biggest gain for it on record.

* US Markets managed to bounce back from the lows that it made on Oct 27, whether it will hold or not, a lot depends on the G20 meet this Sunday.

* Citibank and Bank of America both slide to decade-plus lows, GE at 12 year low.

* US Jobless claims at a 7 year high.

* India's Inflation slips to single digits after 6 months, chances are it might fall to sub 5% levels in 2 months.