| Dow 7940 |  | +50.65 | (+0.64%) |
| Nasdaq 1531 | | +5.77 | (+0.38%) |
| S&P 834 | | +6.58 | (+0.80%) |
Europe
| FTSE 100 4234 | | +21.18 | (+0.50%) |
| CAC 40 3028 | | +6.97 | (+0.23%) |
| DAX 30 4530 | | +24.55 | (+0.54%) |
Asia at 9 30 AM
| Nikkei 225 7699 |  | -247.30 | (-3.11%) |
| Hang Seng 13252 | | -287.64 | (-2.07%) |
SGX Nifty 2890 -48pts
Commodities
| Light Crude (NYM) | 35.94 | (-1.61) |
| Gold (CMX) | 944.50 | (+30.30) |
News Today
* US Congressional negotiators lop $49 billion from Senate legislation, $30 billion from House-passed bill to come up with compromise version they believe can pass both houses. Vote could come as early as Thursday.
* Nobel laureate economist Paul Krugman said on Wednesday the US economic crisis is "out of control" and that a renewed push for public investment is the most effective stimulus remedy.
* US Bank CEO's Testified before the Financial services committee yesterday, they had to defend the usage of Tax payers money.
* Oil drops to $35 as IEA predicts reduced demand, Gold outshines on safe haven buying.
* Citigroup's Indian American CEO, Vikram Pandit has vowed to
take a token salary of $1 and no bonus until the ailing banking giant returns to profitability.
* British economy to shrink sharply in 2009: Bank of England.
* The Indian government on Wednesday approved the recapitalisation of three public sector banks(PSBs), Uco Bank, Vijaya Bank and Central Bank
of India, by infusing Rs 3,800 crore.
* The Cabinet Committee on Economic Affairs (CCEA) on Wednesday adopted new guidelines for computation of foreign equity holding in Indian companies.
