| 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.
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