MarketS DailY - Feb 10

US Markets
Dow 8271-9.72 (-0.12%)
Nasdaq 1592-0.15 (-0.01%)
S&P 870+1.29 (+0.15%)

Europe
FTSE 100 4308+15.74 (+0.37%)
CAC 40 3135+12.08 (+0.39%)
DAX 30 4667+22.19 (+0.48%)

Asia at 9 30 AM
Nikkei 225 7977+7.58 (+0.10%)
Hang Seng 13822+52.51 (+0.38%)

SGX Nifty 2909 -8 pts

Commodities
Light Crude (NYM) 39.56 (-0.61)
Gold (CMX) 892.80 (-21.50)

News Today

* U.S. President Barack Obama used his first prime-time news conference to push the American Congress to approve his administration's economic stimulus plan.

* China's Deflationary pressures mount as wholesale inflation drops 3.3% in January, following 1.1% decline in December.

* India projects its FY 09 Growth at 7.1%.

* More than 1,000 US banks may fail during the next three to five years as the recession intensifies and loan losses climb, an analyst at RBC Capital Markets estimated.

*Re rises to 3-week high at 48.57.