MarketS DailY - Mar 16

US Markets
Dow 7224+53.92 (+0.75%)
Nasdaq 1432+5.40 (+0.38%)
S&P 757+5.81 (+0.77%)
Europe
FTSE 100 3754+41.62 (+1.12%)
CAC 40 2706+11.38 (+0.42%)
DAX 30 3954-2.62 (-0.07%)
Asia at 9 30 AM
Nikkei 225 7732+162.27 (+2.14%)
Hang Seng 12691+164.86 (+1.32%)

Commodities
Gold (CMX) 930.10 (+6.10)
Silver (CMX) 1,321.50 (+27.20)

Nifty Data
SGX Nifty - 2722 +1.5 pts
resistance at 2772 , support at 2680

News Today


* U.S. Federal Reserve Chairman Ben Bernanke said government officials were laying the groundwork for an economic revival and that a "depression" can be avoided. But he acknowledged that a full recovery will take time and that there are still obstacles. full story

* Bernanke also warns the nation’s 8.1% unemployment rate will continue to rise. Bernanke calls banks key to recovery, but worries about lack of "political will."

* OPEC left output steady as members balanced the risk of lower oil prices to their budgets against the damage higher prices could wreak on the economy.

* U.S. officials left the weekend finance ministers' summit under pressure by partner nations to fix the weak U.S. banking sector. (Statement)

* Insurer AIG to pay $450 million in bonuses to employees of the unit that was largely responsible for AIG's collapse last fall