MarketS DailY - Jan 27

US Markets

Dow 8116+38.47 (+0.48%)
Nasdaq 1489+12.17 (+0.82%)
S&P 837+4.62 (+0.56%)

Europe

FTSE 100 4209+156.54 (+3.86%)
CAC 40 2955+106.23 (+3.73%)
DAX 30 4327+147.93 (+3.54%)

Asia at 9 30 AM

Nikkei 225 7944+262.17 (+3.41%)
Hang Seng 12579Markets closed


SGX Nifty 2710 +49 pts

Commodities
Light Crude (NYM) 45.73 (-0.74)
Gold (CMX) 910.70 (+13.00)

Market Outlook:

US markets end flat on green, nikkei rebounds on stronger yen.Nifty resistance at 2750,2810 levels.

News Today

* Former New York Fed chief Tim Geithner is confirmed and sworn in as new U.S. Treasury secretary.

* Job losses are spreading across sectors :
IBM sends 2,800 pink slips, Caterpillar posts lower profit, cutting 20,000 jobs , Pfizer buying Wyeth for $68 bln; companies to cut 19,000 jobs,Fiat CEO sees 60,000 jobs at risk,Sprint job cuts to total 8,000.

* US Existing-home sales rise 6.5% as prices plunge.

* RBI announces its monetary policy review today, in its macro economic and growth prospect report published earlier RBI has said that slow down is getting increasingly evident.

* Pfizer takes over its rival Wyeth in a $68 billion take over.

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