| U.S. indexes | |||||
| Dow Jones Industrial Average | -35% | ||||
| S&P 500 | -39% | ||||
| Nasdaq | -42% | ||||
| Dow Jones Financials | -55% | ||||
| Amex Oil Index | -38% | ||||
| International indexes | |||||
| Germany DAX | -40% | ||||
| FTSE 100 | -32% | ||||
| Japan Nikkei 225 | -42% | ||||
| China Shanghai Composite | -65% | ||||
| Mexico IPC | -24% | ||||
| Brazil Bovespa | -41% | ||||
| Currencies/commodities | |||||
| Gold | +4% | ||||
| Crude | -64% | ||||
| Dollar index | +5% | ||||
| Pound vs. dollar | -27% | ||||
| Dollar vs. yen | +19% | ||||
2008 - The year in markets
Five Predictions for 2009
1 . The BRICs (Brazil, Russia, India and China) will have a terrible year. China will compete with the U.S on who has the bigger government-led infrastructure program.
2. Oil will rise again, after hitting rock bottom levels oil will begin to surge again to higher levels.
3. One of the big three auto makers will disappear, most likely GM.
4. The fourth quarter will cough up earnings reports that manage to disappoint rock-bottom expectations. The Dow will plunge and flirt with the 5,000 mark.
5. Gold shoots to $1200 levels on the back of safety haven buying.
2. Oil will rise again, after hitting rock bottom levels oil will begin to surge again to higher levels.
3. One of the big three auto makers will disappear, most likely GM.
4. The fourth quarter will cough up earnings reports that manage to disappoint rock-bottom expectations. The Dow will plunge and flirt with the 5,000 mark.
5. Gold shoots to $1200 levels on the back of safety haven buying.
MarketS DailY - Dec 31
US Markets
Europe
Asia at 9 30 AM
SGX Nifty
3007 +30 pts
Commodities
Market Outlook:
US Markets put up a rally yesterday as Government aid to G.M boosted the rally, financials also participated in the rally, Nifty would face stiff resistance at 3050-3100 levels.
News Today
* US Consumer confidence falls to an all time low of 38, on the back of surging unemployment.
* A measure of October home prices dropped by 18%, the sharpest annual rate on record.
* Oil closes below $40, Iraq dismisses plea for cease fire against continues strikes in Gaza.
* In 2009 the most important issues for revival of economy will be availability of credit and confidence in the street.
* The Economists who called the crisis earlier are predicting a tough 2009, they expect recession to get deeper and see no recovery till 2010.
* RCOM rolls out GSM services much earlier of schedule, Anil Ambani said Rcom will participate in both CDMA & GSM 3G auctions.
2008* IN THE EMERGING MARKETS
Best-performing markets
MSCI Colombia -26%
MSCI Israel -33%
MSCI Chile -37%
Worst-performing markets
MSCI Russia -74%
MSCI Pakistan -69%
MSCI India -66%
* based on the MSCI Emerging Markets indexes in dollar terms, as of Dec. 26
| Dow 8668 | | +184.46 | (+2.17%) |
| Nasdaq 1551 | | +40.38 | (+2.67%) |
| S&P 891 | | +21.22 | (+2.44%) |
Europe
| FTSE 100 4393 | | +73.33 | (+1.70%) |
| CAC 40 3217 | | +86.41 | (+2.76%) |
| DAX 30 4810 | | +105.34 | (+2.24%) |
Asia at 9 30 AM
| Nikkei 225 8860 | | +112.39 | (+1.28%) |
| Hang Seng 14491 | | +255.23 | (+1.78%) |
SGX Nifty
3007 +30 ptsCommodities
| Light Crude (NYM) | 39.03 | (-0.99) |
| Gold (CMX) | 870.00 | (-5.30) |
Market Outlook:
US Markets put up a rally yesterday as Government aid to G.M boosted the rally, financials also participated in the rally, Nifty would face stiff resistance at 3050-3100 levels.
News Today
* US Consumer confidence falls to an all time low of 38, on the back of surging unemployment.
* A measure of October home prices dropped by 18%, the sharpest annual rate on record.
* Oil closes below $40, Iraq dismisses plea for cease fire against continues strikes in Gaza.
* In 2009 the most important issues for revival of economy will be availability of credit and confidence in the street.
* The Economists who called the crisis earlier are predicting a tough 2009, they expect recession to get deeper and see no recovery till 2010.
* RCOM rolls out GSM services much earlier of schedule, Anil Ambani said Rcom will participate in both CDMA & GSM 3G auctions.
2008* IN THE EMERGING MARKETS
Best-performing markets
MSCI Colombia -26%
MSCI Israel -33%
MSCI Chile -37%
Worst-performing markets
MSCI Russia -74%
MSCI Pakistan -69%
MSCI India -66%
* based on the MSCI Emerging Markets indexes in dollar terms, as of Dec. 26
MarketS DailY - Dec 30
US Markets
Europe
Asia at 9 30 AM
SGX Nifty 2944 +7 pts
Commodities
Market Outlook:
US Markets ended Flat on the negative side, no santa rally in US mkts this time. Nifty seems to be taking strong support at 2820 levels and the current range for markets will be 2820-3050.
News Today
* Nikkei ends year on down note, Benchmark closes out year 42.1% lower.
* Crude puts up a bear market rally, climbs to $40.
* Loans to U.S. automakers gets delayed,Treasury Department said it would finalize the loans in time to meet the needs of the struggling companies.
* More directors exit from Satyam, Raju's stake in the company is likely to be sold off. PE funds eye to take over satyam.
* General Motors' financial arm gets $5 billion in TARP funds. Treasury also to loan $1 billion to GM to help GMAC raise capital.
* Patience is key for 2009: Morgan Stanley
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| Nikkei 225 8841 | | +94.28 | (+1.08%) |
| Hang Seng 14396 | | +67.37 | (+0.47%) |
SGX Nifty
2944 +7 ptsCommodities
| Light Crude (NYM) | | 40.02 | (+2.31) |
| Gold (CMX) | | 875.30 | (+4.10) |
US Markets ended Flat on the negative side, no santa rally in US mkts this time. Nifty seems to be taking strong support at 2820 levels and the current range for markets will be 2820-3050.
News Today
* Nikkei ends year on down note, Benchmark closes out year 42.1% lower.
* Crude puts up a bear market rally, climbs to $40.
* Loans to U.S. automakers gets delayed,Treasury Department said it would finalize the loans in time to meet the needs of the struggling companies.
* More directors exit from Satyam, Raju's stake in the company is likely to be sold off. PE funds eye to take over satyam.
* General Motors' financial arm gets $5 billion in TARP funds. Treasury also to loan $1 billion to GM to help GMAC raise capital.
* Patience is key for 2009: Morgan Stanley
MarketS DailY - Dec 29
US Markets
Europe
Asia at 9 30 AM
SGX Nifty
2840 -39 pts
Commodities
Market Outlook:
US Markets ended Flat on the positive side. Most of the world markets after a pull back in December have started to fizzled out. Chances of further correction is highly likely. Nifty if closes below 2820 could test 2600 levels.
News Today
* Japan's industrial output took the largest drop in history in November over October, tumbling 8.1 percent
* Satyam postpones its board meet to Jan 10th, to explore strategic options. Appoints DSP Merry lynch as Outside adviser.
* Crude oil rises on the back of geo political tensions in Israel and Indo - Pak unrest.
* Obama's Economic Advisers warn of possible 10% unemployment.
* Gold shoots above 200 DMA, bullish signs if it holds $880 levels.
* China and Russia warn of very difficult economic conditions in 2009.
* Extremely low volumes of trade happening in US markets and in our markets as its a holiday season ahead of New years eve.
| Dow 8516 | | +47.07 | (+0.55%) |
| Nasdaq 1530 | | +5.34 | (+0.35%) |
| S&P 873 | | +4.65 | (+0.54%) |
Europe
| FTSE 100 4217 | | -39.39 | (-0.93%) |
| CAC 40 3116 | | -12.20 | (-0.39%) |
| DAX 30 4629 | | -9.64 | (-0.21%) |
Asia at 9 30 AM
| Nikkei 225 8673 | | -66.23 | (-0.76%) |
| Hang Seng 14158 | | -26.58 | (-0.19%) |
SGX Nifty
2840 -39 ptsCommodities
| Light Crude (NYM) | | 39.71 | (+4.36) |
| Gold (CMX) | | 871.20 | (+23.20) |
US Markets ended Flat on the positive side. Most of the world markets after a pull back in December have started to fizzled out. Chances of further correction is highly likely. Nifty if closes below 2820 could test 2600 levels.
News Today
* Japan's industrial output took the largest drop in history in November over October, tumbling 8.1 percent
* Satyam postpones its board meet to Jan 10th, to explore strategic options. Appoints DSP Merry lynch as Outside adviser.
* Crude oil rises on the back of geo political tensions in Israel and Indo - Pak unrest.
* Obama's Economic Advisers warn of possible 10% unemployment.
* Gold shoots above 200 DMA, bullish signs if it holds $880 levels.
* China and Russia warn of very difficult economic conditions in 2009.
* Extremely low volumes of trade happening in US markets and in our markets as its a holiday season ahead of New years eve.
MarketS DailY - Dec 24
US Markets
Europe
Asia at 9 30 AM
Commodities
Market Outlook:
| Dow 8419 | | -100.28 | (-1.18%) |
| Nasdaq 1522 | | -10.81 | (-0.71%) |
| S&P 863 | | -8.47 | (-0.97%) |
Europe
| FTSE 100 4256 | | +6.82 | (+0.16%) |
| CAC 40 3128 | | -22.95 | (-0.73%) |
| DAX 30 4629 | | -9.64 | (-0.21%) |
Asia at 9 30 AM
| Nikkei 225 8487 | | -236.68 | (-2.71%) |
| Hang Seng 14223 | | +2.10 | (+0.01%) |
Commodities
| Gold (CMX) | | 838.10 | (-9.10) |
Market Outlook:
US Markets ended lower, both S&p 500 and Nifty are showing sideways movement near the 50 Day EMA. Being expiry today and a holiday tomorow we can expect good volatility in markets.
News Today
News Today
* US GDP report indicates recession that began a year ago is now sinking definitively into the official U.S. economic data. US economy contracts by 0.5%.
* US New home sales are at a 17 year low.
* India revises its current year growth expectations to 7% against the earlier forecast of 8%.
* World bank has banned Satyam from direct contracts on data theft allegations, Some reports says that chairman Raju is expected to resign.
* Japan's Cabinet approves record $980 billion fiscal budget to support the economy in recession.
* Wipro buys Citis IT arm for around $127 million.
MarketS DailY - Dec 23
US Markets
Europe
Asia at 9 30 AM
Commodities
Market Outlook:
US Markets ended in red on the back abysmal outlook from Toyoto, Asia is trading in red with most markets down 3% a piece. Nifty is likely to take support at 2920 levels in case of further selling pressure.
News Today
* China cuts interest rates to boost liquidity in markets, Markets react negative shanghai down -3%.
* Toyota on track for first-ever loss in fiscal 2009 ,Revises forecasts to an operating loss of $1.7 billion in year ending March 31.
* Oil falls 6% again, closes below $40.
* Moody's, S&P Cut Ford and Chryslers' Ratings. S&P cuts debt rating for General Motors.
* US market VIX(Volatility Index) has fallen considerably , now at 44. It was at 80 levels during the AIG saga.
* Developers Ask U.S. for Bailout as Massive Debt Looms, warns of closure of large number of commercial buildings.
| Dow 8520 | | -59.42 | (-0.69%) |
| Nasdaq 1532 | | -31.97 | (-2.04%) |
| S&P 872 | | -16.25 | (-1.83%) |
Europe
| FTSE 100 4249 | | -37.77 | (-0.88%) |
| CAC 40 3151 | | -74.54 | (-2.31%) |
| DAX 30 4639 | | -57.68 | (-1.23%) |
Asia at 9 30 AM
| Nikkei 225 8724 | Markets closed | ||
| Hang Seng 14205 | | -417.47 | (-2.76%) |
Commodities
| Light Crude (NYM) | | 39.91 | (-2.45) |
| Gold (CMX) | | 847.20 | (+9.80) |
Market Outlook:
US Markets ended in red on the back abysmal outlook from Toyoto, Asia is trading in red with most markets down 3% a piece. Nifty is likely to take support at 2920 levels in case of further selling pressure.
News Today
* China cuts interest rates to boost liquidity in markets, Markets react negative shanghai down -3%.
* Toyota on track for first-ever loss in fiscal 2009 ,Revises forecasts to an operating loss of $1.7 billion in year ending March 31.
* Oil falls 6% again, closes below $40.
* Moody's, S&P Cut Ford and Chryslers' Ratings. S&P cuts debt rating for General Motors.
* US market VIX(Volatility Index) has fallen considerably , now at 44. It was at 80 levels during the AIG saga.
* Developers Ask U.S. for Bailout as Massive Debt Looms, warns of closure of large number of commercial buildings.
MarketS DailY - Dec 22
US Markets
Europe
Asia at 9 30 AM
SGXNifty 3070 -6 pts
Commodities
Market Outlook:
US Markets ended Mixed on friday after the Auto bail out was opened, Nifty remains bullish technically as long as it holds above 2910 levels. Possible targets could be 3240- 3460. Expect volatility as expiry is on Wednesday and due to holiday season.
News Today
* US automakers get $17 billion aid from the TARP funds.
* US vice presedential candidate Joe Biden: The economy is 'in much worse shape than we thought'.
* Oil cracks to 5 year low of $33.
* Japan's Trade deficit widens radically to 223 billion yen as exports hit skids.
* India's biggest private firm Reliance is feeling the pinch, begins cost aggressive cost cutting measures.
* SEBI orders for a probe into satyam-maytas controversial deal.
| Dow 8579 | | -25.88 | (-0.30%) |
| Nasdaq 1564 | | +11.95 | (+0.77%) |
| S&P 888 | | +2.60 | (+0.29%) |
Europe
| FTSE 100 4287 | | -43.73 | (-1.01%) |
| CAC 40 3226 | | -8.25 | (-0.26%) |
| DAX 30 4697 | | -59.70 | (-1.26%) |
Asia at 9 30 AM
| Nikkei 225 8710 | | +121.29 | (+1.41%) |
| Hang Seng 14975 | | -152.91 | (-1.01%) |
| All Ordinaries 3517 | | -30.10 | (-0.85%) |
SGXNifty
3070 -6 ptsCommodities
| Light Crude (NYM) | | 33.87 | (-2.35) |
| Gold (CMX) | | 837.40 | (-23.20) |
Market Outlook:
US Markets ended Mixed on friday after the Auto bail out was opened, Nifty remains bullish technically as long as it holds above 2910 levels. Possible targets could be 3240- 3460. Expect volatility as expiry is on Wednesday and due to holiday season.
News Today
* US automakers get $17 billion aid from the TARP funds.
* US vice presedential candidate Joe Biden: The economy is 'in much worse shape than we thought'.
* Oil cracks to 5 year low of $33.
* Japan's Trade deficit widens radically to 223 billion yen as exports hit skids.
* India's biggest private firm Reliance is feeling the pinch, begins cost aggressive cost cutting measures.
* SEBI orders for a probe into satyam-maytas controversial deal.
