US markets takes a positive Monday, Asian markets firm
October 21st, 2008
Following the intermediate rally in the Asian and the European stock markets, the US too stood in the green with the Dow zooming about 413 points. The Asian markets are taking a slow Tuesday morning.
US President Bush said yesterday that the Americans are feeling to begining to see positive about their economic future and that the panic is easing now. The Dow ticked Dow 9,265.43 up by 413.21 or 4.67% by closing bell. The Nasdaq is at 1,770.03 gaining 58.74 or 3.43%. The S&P 500 is at 985.40 up 44.85 or 4.77% when the US markets closed on Monday.
The Asian markets are taking a firm tuesday morning. The All Ordinaries, Nikkei 225 and NZSE 50 are all up over 2%. The Seoul Composite is down 0.91% and Taiwan Weighted is down 0.83%. Both the stock exchanges are now on a recovery course.
1 U.S. dollar = 48.9596 Indian Rupees
1 U.S. dollar = 101.5950 Japanese Yens
1 U.S. dollar = 0.7517 Euros
1 Ounce Gold = $799.00
1 Barrel Crude Oil = $74.78
Tuesday, October 21, 2008 9:58:17 AM IST
Entry Filed under: Global Markets
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