MarketS DailY - Nov 12

US Markets

Dow 8,694 -176.58
Nasdaq 1,581 -35.84
S&P 500 899 -20.26

Europe

London 4,247 -157.23
Paris 3,336 -169.34
Frankfurt 4,762 -263.95

Asia at 9 30 AM

Tokyo 8,701 -108.50
Hong Kong 13,657 -384.17

SGX Nifty 2895 -27 pts

Oil
$58.93 -0.40

Gold
$732.80 -13.70

News Today

* Asian Markets continue the losing streak for the second day as Yen strengthens against dollar.

* US markets closed weak on concerns of slow consumer spending.

* US Gov announces a new mortgage plan to modify Fannie, Freddie loans

* GM stock closes under $3 ,first time since 1946. Chances of GM filing bankruptcy is becoming evident , Read More on GM crisis Click here

* Oil prices fell below $60 a barrel to a 20 month low.

* China retail sales expand 22% in October , fastest pace in 11 years.

* India Inc Bonus issuance in 2008 hits a 4-year low.

* India's IIP numbers will be announced today, Street expectations are between 5.5% - 7%.