MarketS DailY - Feb 20

US Markets
Dow 7466-89.68 (-1.19%)
Nasdaq 1443-25.15 (-1.71%)
S&P 779-9.48 (-1.20%)

Europe
FTSE 100 4018+11.54 (+0.29%)
CAC 40 2873-1.47 (-0.05%)
DAX 30 4215+10.25 (+0.24%)

Asia at 9 30 AM
Nikkei 225 7463-94.87 (-1.26%)
Hang Seng 12747-276.53 (-2.12%)

SGX Nifty 2745 - 46 pts

Commodities
Light Crude (NYM) 39.48 (+4.86)
Gold (CMX) 976.50 (-1.70)

News Today

* DOW closes below 7500, Financial stocks push blue-chip index to lowest close since Oct. 9, 2002.

* Government files suit seeking identities of 52,000 UBS clients in the U.S. who allegedly hid their accounts in violation of tax laws.


* Rising U.S. savings indicates an economic recovery is under way, forecasters say.

* Deflation threat looms : The US government will report its key inflation index Friday morning, the Consumer Price Index, and economists believe the report is likely to show the first year-over-year drop in prices since 1955.

* Satyam's CEO AS Murty shot of a letter to employees asking for their 'personal sacrifices and help' to reduce operational expenses.

* RBI staff go on strike today, banking services to be paralyzed.