Money Tree

GLOBAL MARKETS

US Markets

The US markets lost more than 2 percent on Tuesday.

Dow Jones closed at 13432.77 down 294.26 points or 2.14 percent.
Nasdaq Composite closed at 2652.35 down 66.60 points or 2.45 percent.

Europian Markets

The Europian markets also closed in the red on Tuesday.

FTSE (UK) closed at 6536.90 down 28.50 points or 0.43%.
DAX (Germany) closed at 8009.42 down 23.94 points or 0.30%
CAC (France) closed at 5724.76 down 26.16 points or 0.45%.

Asian Markets

The Asian markets closed in the green on Tuesday.

NIKKEI(JAPAN) closed at 16044.72 up 120.33 points.
HANG SENG (HONG KONG) closed at 29226.84 up 725.74 points.
KOSPI (SOUTH KOREA) closed at 1925.07 up 18.65 points.
STRAITS TIMES (SINGAPORE) closed at 3589.03 up 35.95 points.
Composite Index (CHINA) Closed at 5175.076 up 13.157 points.
SENSEX (INDIA) closed at 20290.89 up 360.21 points.
NIFTY (INDIA) closed at 6097.25 up 136.65 points.

FOREX

USD/ INR 39.35
EUR/ USD 01.46
USD/ JPY 111.660

GOLD

10425/ 10gm

CRUDE

$88.24/Bbl

Today’s Market outlook

The US Fed meeting did not come out with any surprises and the Asian markets have opened about 2 percent down in the morning as a 25 basis point rate cut was already priced in. We expect a negative opening in the morning and the markets may recover during the day.