MarketS DailY - Mar 04

US Markets
Dow 6726-37.27 (-0.55%)
Nasdaq 1321-1.84 (-0.14%)
S&P 696-4.49 (-0.64%)

Europe
FTSE 100 3512-113.74 (-3.14%)
CAC 40 2555-26.91 (-1.04%)
DAX 30 3691-19.35 (-0.52%)

Asia at 9 30 AM
Nikkei 225 7173-56.96 (-0.79%)
Hang Seng 12039+5.22 (+0.04%)

SGX Nifty 2601 +15pts

Commodities
Light Crude (NYM) 41.65 (+1.50)
Gold (CMX) 913.60 (-26.40)

News Today

* US Markets still remain at 12 year lows. S&P 500 closes below 700.

* Australia's gross domestic product shrank 0.5% on a seasonally-adjusted basis in the October-December period from the previous quarter.

* Toyota Motor Corp is seeking a loan backed by the Japanese government to help its finance arm cut funding costs as the global crisis tightens access to credit, a company official said.

* Ford Motor Co, General Motors Corp and Chrysler LLC on Tuesday reported February U.S. vehicle sales declines by at least 44%, marking the worst month in decade.

* President Barack Obama said on Tuesday he saw little hope of near-term improvement in the US economy after a staggering drop in gross domestic
product in the final three months.

*
Chinese officials indicated confidence China will hit 8% growth this year despite economic turbulence.