MarketS DailY - Feb 03

US Markets

Dow 7937-64.11 (-0.80%)
Nasdaq 1494+18.01 (+1.22%)
S&P 825-0.44 (-0.05%)

Europe

FTSE 100 4078-71.86 (-1.73%)
CAC 40 2930-43.87 (-1.48%)
DAX 30 4271-67.31 (-1.55%)

Asia at 9 30 AM

Nikkei 225 7874-120.07 (-1.52%)
Hang Seng 13014+152.84 (+1.19%)

SGX Nifty 2760 +22 pts

Commodities
Light Crude (NYM) 40.08 (-1.60)
Gold (CMX) 907.20 (-21.20)

Market Outlook:

US Markets ended mixed, Asia trading Flat in green. Markets are caught in a range and is waiting for a big trigger to make a decisive move which is yet to happen.

News Today

* Australian announces four-year, $26.5 billion stimulus package, RBA slashes interest rate to 3.25%, lowest level since 1964.

* China's job losses send 20M migrants home.

* Morgan Stanley may cut up to 1,800 jobs, department-store chain Macy's Inc cuts 7000 jobs

* Satyam open offer price may be set at two-week average.

* Property rates to fall by 15-20% more: DLF

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