| Dow 8001 |  | -148.15 | (-1.85%) |
| Nasdaq 1476 | | -31.42 | (-2.08%) |
| S&P 826 | | -19.26 | (-2.28%) |
Europe
| FTSE 100 4150 | | -40.47 | (-0.97%) |
| CAC 40 2974 | | -35.83 | (-1.19%) |
| DAX 30 4338 | | -89.76 | (-2.03%) |
Asia at 9 30 AM
| Nikkei 225 7881 | | -112.84 | (-1.50%) |
| Hang Seng 13021 | | -257.50 | (-1.94%) |
SGX Nifty 2830 -30 pts
Commodities
| Light Crude (NYM) | 41.68 | (+0.24) |
| Gold (CMX) | 928.40 | (+21.90) |
Market Outlook:
DOW ended lower on friday, worst January for wall street. Bad data continues to flow in form of earnings and Economic numbers, Asia trades lower Nifty would lose its last week gains,Resistance at 2875-2950 levels.
News Today
* GDP contracts 3.8% as inventories limit downturn,Fourth quarter marks worst performance for U.S. economy in nearly 27 years
* Iceland which collapsed in the Financial crisis gets a new PM Johanna Sigurdardottir.
* German Chancellor Angela Merkel warned Friday that U.S. efforts to prop up its failing auto industry with bailout money amount to a form of protectionism that threatened to distort the global economy.
* Japan will hand out $17 billion in development aid to other Asian countries to help them face the global financial crisis.
* The ECB is drawing up guidelines for "bad banks" to house toxic assets.
* IT Major
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