US Markets
Dow 7,997 -427.47
Nasdaq 1,386 -96.85
S&P 500 807 -52.54
Europe
FTSE 100 4,005.68 –4.82% –202.87
DAX 4,354.09 –4.92% –225.38
CAC 40 3,087.89 –4.03%–129.51
Asia at 9 00 AM
Tokyo 7,918 -355.13
Hong Kong 12,232 -583.88
SGX Nifty 2535 -74 pts
Commodities
Oil
$52.85 -0.77
Gold
$736.00 3.30
Market Outlook:
Big sell off in wall street, The FED minutes released yesterday painted a vague picture on the status of the economy. FED expects no growth in US markets till 2011. Sell of spreads to Asia , markets plunge. Likely to be a weak day for India too, Nifty will try to take supports near the lows made in October.
News Today
* US markets fall to near 6 year lows. S&P 500 breaks the low made in october.
* The US consumer-price index drops 1% its biggest drop on record has raised more concern about deflation.
* Global Markets fall to their lowest levels since 2003.
* Citi shares in record slump falls 25% in yesterdays trade, as credit-default swap spreads widen. Shares fall to 15 year low
* Nikkei slips below 8000 in early trade.
* The chief executives of G.M., Ford and Chrysler were unable to convince lawmakers in congress for a bail out.
* Commodities fall to multi year lows. Oil slips to $52 on falling demand.
* Rating agency Fitch puts ICICI on notice, warns of ratings downgrade on account of the quality of its assets.
0 comments:
Post a Comment