| Dow 9035 |  | +258.30 | (+2.86%) |
| Nasdaq 1632 | | +55.18 | (+3.50%) |
| S&P 932 | | +28.55 | (+3.16%) |
Europe
| FTSE 100 4562 | | +127.62 | (+2.88%) |
| CAC 40 3350 | | +131.72 | (+4.09%) |
| DAX 30 4973 | | +162.87 | (+3.39%) |
Asia at 9 30 AM
| Nikkei 225 9046 | | +186.16 | (+2.10%) |
| Hang Seng 15170 | | +127.02 | (+0.84%) |
SGX Nifty 3095 +33 pts
Commodities
| Light Crude (NYM) | 46.34 | (+1.74) |
| Gold (CMX) | 879.50 | (-4.80) |
Market Outlook:
New Year is greeted by all world markets with an impressive pull back, all world markets are putting up considerable gains. US markets ended up 250 points, DOW closed above 9000. Nifty will continue its rally on the back of the Fiscal and Monetary news announcements.
News Today
* Indian Gov announced Fiscal stimulus 2.0 that addresses a number of issues, RBI announces interest rate cuts.
* U.S. President-elect Barack Obama's pick for commerce secretary, Bill Richardson, is withdrawing his nomination.
* Singapore on Friday said GDP had declined by 12.5 percent in real terms in the fourth quarter of 2008 and revised downwards its growth estimates for 2009.
* Ex-Fed governor Fredric Mishkin says crisis more complex than 1930s.
* US may get its second stimulus by mid Feb, Obama finalizing details of the stimulus package
* Central bankers switch from concern over inflation to worries about falling prices. FED and ECB vows to fight Deflation now.
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