MarketS DailY - Feb 25

US Markets
Dow 7351+236.16 (+3.32%)
Nasdaq 1442+54.11 (+3.90%)
S&P 773+29.81 (+4.01%)

Europe
FTSE 100 3816-34.29 (-0.89%)
CAC 40 2708-19.82 (-0.73%)
DAX 30 3896-40.70 (-1.03%)

Asia at 9 30 AM
Nikkei 225 7366+97.48 (+1.34%)
Hang Seng 12945+146.85 (+1.11%)

SGX Nifty 2751 + 24 pts

Commodities
Light Crude (NYM) 39.96 (+1.52)
Gold (CMX) 969.50 (-25.50)

News Today

* In his first address to a joint session of Congress, U.S. President Barack Obama says his economic agenda -- which includes money to jump-start job-creation and invest in green energy, health care and education -- is a first step to turn things around

* Hong Kong GDP forecast to drop 2% to 3% in 2009.

* Standard & Poor’s (S&P) lowered the outlook for India’s credit rating from stable to negative on Tuesday, indicating higher possibility of a downgrade.

*Third fiscal stimulus package announced by the government on Tuesday in the form of cuts worth Rs 30,000 crore in service tax, excise duty and countervailing duty on imports.

* Federal Reserve chairman Ben Bernanke said Tuesday he sees a "reasonable prospect" for an end to the deep US recession this year