Money Tree

GLOBAL MARKETS

US Markets

The US markets saw a pull back rally yesterday and the Dow closed up more than 2 percent.

Dow Jones closed at 13468.78 up 286.87 points or 2.18 percent.
Nasdaq Composite closed at 2547.33 up 36.08 points or 1.44 percent .

Asian Markets

The Asian markets except china closed negative on Monday.

NIKKEI(JAPAN) closed at 16914.46 down 65.4 points.
HANG SENG (HONG KONG) closed at 21936.73 down 601.71 points.
KOSPI (SOUTH KOREA) closed at 1855.05 down 21.75 points.
STRAITS TIMES (SINGAPORE) closed at 3308.99 down 127.05 points.
Composite Index (CHINA) Closed at 4628.11 up 67.334 points.
SENSEX (INDIA) closed at 14903.03 down 235.37points.
NIFTY (INDIA) closed at 4339.5 down 62.05 points.

FOREX

USD/ INR 40.41
EUR/ USD 01.38
USD/ JPY 117.865

GOLD

8850/ 10gm

CRUDE

$72.06/ Bb

Today’s Market outlook

The US markets pulled back yesterday gaining significantly and the Asian markets have opened in the green today. Yesterday our markets after opening weak in the morning recovered a bit and had a better closing than what it seemed in the morning. We expect a positive opening in the morning.