MarketS DailY - Feb 09

US Markets
Dow 8281+217.52 (+2.63%)
Nasdaq 1592+45.47 (+2.94%)
S&P 869+22.75 (+2.69%)

Europe

FTSE 100 4292+62.94 (+1.49%)
CAC 40 3123+56.50 (+1.84%)
DAX 30 4645+134.14 (+2.97%)

Asia at 9 30 AM

Nikkei 225 8156+79.43 (+0.98%)
Hang Seng 13765+110.35 (+0.81%)

SGX Nifty 2847 +13.5 pts

Commodities
Light Crude (NYM) 40.17 (-1.00)
Gold (CMX) 914.30 (+0.10)

News Today

* Obama's Deal, including support of a few Republican senators, sets price tag for Senate stimulus version at $780 billion. Vote expected Tuesday.

* Leading Republicans warned Sunday that the Obama administration's $800 billion-plus economic stimulus effort will lead to what one called a "financial disaster."

* One of Japan's largest banks Mitsubishi UFJ Financial Group on Friday announced a loss for the nine-month period ending December 31, hit by weak markets and a recession at home.

* Satyam is set to lay off salesmen to trim costs as it struggles to meet operational expenses and repay dues to creditors.

* India's cellphone industry continues its steady growth, led by demand from rural consumers, and is showing no signs of slowing down.

* India may pip export-dependent China in the last quarter of FY09 and emerge as the fastest growing nation among all large economies.