| Dow 7957 |  | -121.70 | (-1.51%) |
| Nasdaq 1515 | | -1.25 | (-0.08%) |
| S&P 832 | | -6.28 | (-0.75%) |
Europe
| FTSE 100 4229 |  | +64.14 | (+1.54%) |
| CAC 40 3069 | | +86.60 | (+2.90%) |
| DAX 30 4493 | | +117.83 | (+2.69%) |
Asia at 9 30 AM
| Nikkei 225 8036 | | -2.59 | (-0.03%) |
| Hang Seng 13361 | | +296.71 | (+2.32%) |
SGX Nifty 2800 +22 pts
Commodities
| Light Crude (NYM) | 40.32 | (-0.46) |
| Gold (CMX) | 902.20 | (+9.70) |
Market Outlook:
US Markets ended in red, Banking stocks pulled down markets. DOW closes below 8000 3rd time since the start of the year. Nifty continues to be range bound between 2680-2860. No trend has emerged yet.
News Today
* Obama limits bailed-out bank CEO pay to $500,000.
* Bank of England , European Central Bank review their monetary policy todays, BOE expected to cut interest rates.
* Bank of America fell 11% yesterday to 4.70, its lowest close since Nov. 1, 1990, and off about 90% from its peak.
* Tata Motors fails to pay vendors, suppliers, company facing severe credit crunch.
* Kazaksthan Central bank allows its currency, the tenge, to fall 18% as financial crisis has caused big pains to it economy.
* Nasscom lowers IT services exports growth to 17% in FY09.
0 comments:
Post a Comment