| Dow 8063 |  | +106.41 | (+1.34%) |
| Nasdaq 1546 | | +31.19 | (+2.06%) |
| S&P 846 | | +13.62 | (+1.64%) |
Europe
| FTSE 100 4229 | | +0.33 | (+0.01%) |
| CAC 40 3066 |  | -2.70 | (-0.09%) |
| DAX 30 4510 | | +17.70 | (+0.39%) |
Asia at 9 30 AM
| Nikkei 225 8094 | | +144.59 | (+1.82%) |
| Hang Seng 13455 | | +276.44 | (+2.12%) |
SGX Nifty 2804 +31 pts
Commodities
| Light Crude (NYM) | 41.17 | (+0.85) |
| Gold (CMX) | 914.20 | (+12.00) |
Market Outlook:
Another rangebound movement day, Dow ended positive above 8000. Nifty is facing selling pressure at higher levels and the trading range seems to be narrowing even more.
News Today
* US Jobless claims highest in 26 years , The number of Americans who applied for unemployment benefits for the first time tops 600,000. Continuing claims set record high.
* Stimulus Plan uncertain : A bipartisan group of senators sounded less optimistic after ending a second meeting on the economic stimulus bill.
* Rusal, the world's biggest aluminum producer, announced deep production cuts Thursday, saying that the aluminum markets has suffered "a rapid deterioration".
* Satyam Board appoints A S Murthy , an insider as CEO.
* Treasury Secretary Timothy Geithner is to unveil the Obama administration's "comprehensive plan" to revitalize the financial markets.
* Bank of America stock hits a nearly 20-year low, Fears loom that the struggling bank may be nationalized.
* There is no end yet to the global financial crisis, the IMF said in its latest report released Thursday.
* India's Inflation slips to 5.07%, Government to present interim Budget on Feb 16.
0 comments:
Post a Comment