US Markets:
Dow Nasdaq
S.&P. 500
Asia at 10 AM
Japan Nikkei 8,978.24 -543.00 -5.70%
Hong Kong Hang Seng 13,903.36 -936.80 -6.31%
China Shanghai 1,716.63 –2.50% –43.98
Crude Oil $64.54 –1.16% –$0.76
Gold $737.60 –0.65% –$4.80
News Today:
* Election rally Fizzles out in US, DOW sheds nearly 500 points.
* Jobs will be first priority to Obama, Unemployment rates are expected to hit multi decade highs next year.
* Markets around the world will be watching obama as to who he picks as his team to weather the financial crisis. Treasury secretary post will be the most important of all.
* Shangai index hits a new 1 year low.
* Tata motors announce 3 day factory closure to cut down production.
* Arcelor Mittal the worlds largest steel maker posted a bad set of results, announce cutting down of production up to 30% next quarter.
* Inflation expected to come at 10.45%.
* Indian banks say they dont have sufficient funds to cut down interest rates and express concern over lending to realty sector on fear of high real estate prices and concerns of defaults.
Dow Nasdaq
S.&P. 500
Asia at 10 AM
Japan Nikkei 8,978.24 -543.00 -5.70%
Hong Kong Hang Seng 13,903.36 -936.80 -6.31%
China Shanghai 1,716.63 –2.50% –43.98
Crude Oil $64.54 –1.16% –$0.76
Gold $737.60 –0.65% –$4.80
News Today:
* Election rally Fizzles out in US, DOW sheds nearly 500 points.
* Jobs will be first priority to Obama, Unemployment rates are expected to hit multi decade highs next year.
* Markets around the world will be watching obama as to who he picks as his team to weather the financial crisis. Treasury secretary post will be the most important of all.
* Shangai index hits a new 1 year low.
* Tata motors announce 3 day factory closure to cut down production.
* Arcelor Mittal the worlds largest steel maker posted a bad set of results, announce cutting down of production up to 30% next quarter.
* Inflation expected to come at 10.45%.
* Indian banks say they dont have sufficient funds to cut down interest rates and express concern over lending to realty sector on fear of high real estate prices and concerns of defaults.
0 comments:
Post a Comment