| Dow 7182 |  | -88.81 | (-1.22%) |
| Nasdaq 1391 | | -33.96 | (-2.38%) |
| S&P 753 | | -12.07 | (-1.58%) |
Europe
| FTSE 100 3916 |  | +66.66 | (+1.73%) |
| CAC 40 2745 | | +47.92 | (+1.78%) |
| DAX 30 3943 | | +96.41 | (+2.51%) |
Asia at 9 30 AM
| Nikkei 225 7542 | | +84.13 | (+1.13%) |
| Hang Seng 12915 | | +20.18 | (+0.16%) |
SGX Nifty 2754 -17 pts
Commodities
| Light Crude (NYM) | 45.22 | (+2.72) |
| Gold (CMX) | 942.60 | (-23.60) |
News Today
* U.S. President Barack Obama unveils his first detailed vision of the federal budget which calls for $3.6 trillion in spending that he says will halve the federal deficit by the end of his first term.
* Japan's industrial output tumbles by a record 10% in January
* Cisco Systems Inc. has begun cutting jobs as part of a restructuring that the tech giant had said could involve the elimination of up to 2,000 positions.
* Number of Americans applying for first-time unemployment benefits rises to 667,000. Continuing claims top 5 million for the first time.
* Royal Bank of Scotland (RBS) announced UK’s biggest ever loss by any company, of £24.1billion.
* The rupee weakened to an all-time low past 50.65 against the dollar early on Friday, weighed down by heavy dollar demand from importers to meet month-end commitments.
