Pre-market Update, Wednesday, April 29, 2009
The US markets on Tuesday saw bank stocks lead losses in the early going and into the close, but in between stocks were able to trade with modest gains amid signs of improved consumer confidence and strength in the Dow component, IBM. The Dow closed 8.05 points lower (-0.10%) to end the day at 8,016.95. The index fell as it opened, then managed to see some gains and eventually remained more or less steady through the day. The NASDAQ closed 5.60 points lower (-0.33%) to finish at 1,673.81.
Almost all the Indian ADRs closed in the red on Tuesday. Tata Comm. (TCL) was the sole gainer, up 0.17% to close at $22.01. HDFC Bank (HDB) was the biggest loser, down 0.91%, closing at $73.82.
Falling banking and auto stocks, along with fears of the swine flu making its way to Europe, weighed heavily on the bourses there, resulting in their closing in the red. The UK’s FTSE closed 70.61 points down (-1.69%), ending at 4,096. Germany’s DAX closed 86.65 points lower (-1.85%), ending trading at 4,607.
As of 10:45 am IST, Asian markets were having a mixed day. Japan’s Nikkei is currently trading 232.57 points lower, down 2.67%, while the Hang Seng is currently up 256.70 points (+1.76%).
WTI Brent crude oil closed at $49.70 per barrel, down $0.22 (-0.44%). Nymex light crude June futures closed at $49.70, down $0.22 (-0.44%). June COMEX gold futures closed at $894.00 per ounce, up $0.40 (+0.04%).
As of 10:50 am IST, the Yen (¥) fell against the USD, by ¥0.36 to ¥96.75. The Euro (€) rose €0.0022 to €0.7583 against the dollar. The Pound (£) rose by £0.0033 to £0.68 against the dollar.
The rupee fell on Tuesday by Rs. 0.28 to close at Rs 50.51/52 against the greenback.
Tags: Asian Equities, Comex Gold, Commodities, Currencies, DAX, DJIA, Dow, Euro, European equities, FTSE, Hang Seng, International Markets, NASDAQ, Nikkei, Nymex Crude, NYSE, Pre-market summary, Rupee, Rupee/USD, US equities, USD, USD/Euro, USD/JPY, WTI Brent Crude, Yen
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