Pre-market Update, Monday, April 06, 2009
After a reasonably positive week at the markets, Friday was a day of consolidation with little movement seen in the indexes. The Dow closed 39.51 points up (+0.50%) to end the day at 8,018. The index fell as it opened, but managed to see some gains by the end of the day. The NASDAQ closed 19.24 points up (+1.20%) to finish at 1,621.87.
Indian ADRs saw some good gains. HDFC Bank (HDB) was the biggest gainer, up 1.73% closing at $67.51. Patni Computers (PTI) was the biggest loser, down 0.41%, closing at $5.59.
With uncertainty looming large, European markets had little to cheer on Friday. The UK’s FTSE closed 95.30 points down (-2.31%), ending at 4,030. Germany’s DAX closed 3.07 points up (+0.07%), ending trading at 4,385.
As of 8:10 am IST, Asian markets were seeing significant gains. While Japan’s Nikkei is trading 200.10 points higher, up 2.29%, the Hang Seng is currently up 399.43 points (+2.75%).
WTI Brent crude oil was up $0.61 to $53.12 per barrel (+1.16%). Nymex light crude May futures was up $0.74 (+1.41%) to close at $53.25. June COMEX gold futures fell $14.30 (-1.59%) to close at $883 per ounce.
As of 8:15 am IST, the Yen (¥) fell against the USD, down ¥0.57 to ¥100.86. The Euro (€) rose €0.0038 to €0.7372 against the dollar. The Pound (£) rose £0.0038 to £0.6697 against the dollar.
The Indian Rupee (Rs.) gained against the dollar by Rs. 0.36 and is currently trading at Rs. 50.34/35 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
