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 12579 | Markets 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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