India Morning Call - Global Markets

---------------------------(8:00
a.m.)-------------------------
Stock Markets
DJIA 9,761.70 -27.74 Nikkei 9,796.28
-6.67
NASDAQ 2,048.80 -0.40 FTSE 5,037.21
-67.29
S&P 500 1,043.62 +0.74 Hang Seng 21,438.36
+198.30
CRB Index 276.02 +2.52
Bonds
US 10 YR Bond 3.477 +0.053
US 30 YR Bond 4.337 +0.064
Currencies
EUR US$ 1.4714 1.4717 Yen US$ 90.17
90.19
INR US$ 47.40 47.41
Commodities
Gold (Lon) 1061.00 Silver (Lon) 16.350
Gold (NY) 1059.15 Light Crude 79.45
---------------------------( Nov 4
)----------------------------

Overnight market action. Updates to Wednesday midsession
Tokyo, Hong Kong open.

EQUITIES

NEW YORK - U.S. stocks stumbled on Tuesday after Morgan
Stanley downgraded the semiconductor sector and a shake-up at
two big British banks prompted investors to sell financial
shares.

The Dow Jones industrial average .DJI fell 70.66 points,
or 0.72 percent, to 9,718.78. The Standard & Poor's 500 Index
.SPX lost 6.56 points, or 0.63 percent, to 1,036.32. The
Nasdaq Composite Index .IXIC dropped 14.37 points, or 0.70
percent, to 2,034.83.

For a full report, double click on [.N]

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LONDON - Britain's top share index fell to its lowest
closing level in a month on Tuesday, led down by banks after
shake-ups at Royal Bank of Scotland (RBS.L: Quote, Profile, Research) and Lloyds (LLOY.L: Quote, Profile, Research)
and poor results from Swiss peer UBS (UBSN.VX: Quote, Profile, Research).

The FTSE 100 index .FTSE closed 67.29 points or 1.3
percent weaker at 5,037.21, having surrendered the 5,000 level
for the first time since Oct. 2 earlier in the session.

For a full report, double click on [.L]

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TOKYO - The Nikkei average was flat on Wednesday, with Fast
Retailing (9983.T: Quote, Profile, Research) climbing on a surge in sales at its Uniqlo
clothing stores but some exporters losing ground due to caution
before a Federal Reserve statement on interest rates and the
economy.

The benchmark Nikkei .N225 inched down 6.67 points to
9,796.28, after sliding 2.3 percent on Monday to hit a
three-week closing low. Japanese markets were closed on Tuesday
for a national holiday.

The broader Topix .TOPX dipped 0.2 percent to 878.87.

For a full report, double click on [.T]

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HONG KONG - Hong Kong stocks are set to open up 0.74
percent on Wednesday on bargain hunting after a two-session
decline, while Asia Resources Holdings (0899.HK: Quote, Profile, Research) soared after
it said it would acquire a stake in an Indonesian company.

Asia Resources advanced 23.64 percent after saying it would
buy a 55 percent stake in a mining and iron ore trading venture
in East Java for HK$577.5 million.

The benchmark Hang Seng Index .HSI was indicated to open
up 156.44 points at 21,396.50.

The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks was set to rise 1.08 percent to
12,635.68.

For a full report, double click on [.HK]

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FOREIGN EXCHANGE

NEW YORK - The U.S. dollar climbed to a one-month high
against a basket of currencies on Tuesday as concerns about the
global banking sector and equity losses re-ignited safe-haven
demand for the greenback.

In early afternoon trading, the ICE Futures U.S. dollar
index .DXY, a measure of the greenback against a basket of
six currencies, rose 0.2 percent to 76.456, after earlier
climbing as high as 76.817, its highest since early October.

The euro fell 0.5 percent to $1.4692 after hitting a
four-week low of $1.4627 EUR=, according to Reuters data.

For a full report, double click on [USD/]

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TREASURIES

NEW YORK - U.S. government securities prices slid on
Tuesday as traders prepared themselves for Wednesday's Treasury
refunding announcement and a statement from the Federal Reserve
on monetary policy.

The benchmark U.S. 10-year Treasury note US10YT=RR was
down 15/32 in price, its yield rising to 3.48 percent from 3.42
percent late on Monday.

Thirty-year bonds US30YT=RR, in the plus column earlier
in the session, were down 1-6/32, their yields rising to 4.33
percent from 4.26 percent on Monday.

For a full report, double click on [US/]

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COMMODITIES

GOLD

NEW YORK - Gold swept to a record high above $1,080 per
ounce on Tuesday, defying dollar strength as the International
Monetary Fund's 200 tonne sale of gold to India's central bank
boosted sentiment toward the metal.

Spot gold XAU= stood at $1,077.15 per ounce at 1645 GMT,
up 1.7 percent from $1,059.15 quoted late in New York on
Monday. Earlier, gold hit a historic high of $1,080.60. U.S.
gold futures also hit a record $1,081.70 an ounce GCZ9.

For a full report, double click on [GOL/]

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BASE METALS

LONDON - Copper prices fell on Tuesday as investors sold
the metal ahead of a Federal Reserve meeting on monetary policy
in the United States, the world's largest economy, and
scrutinized rising U.S. factory data.

Benchmark copper MCU3 on the London Metal Exchange closed
at $6,460 a tonne from $6,550 at the close on Monday, when it
rose on strong manufacturing data from the United States and
China, the world's largest consumer of industrial metals. It
earlier hit a near two week low at $6,372.25.

For a full report, double click on [MET/L]

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OIL

NEW YORK - Oil rose above $79 a barrel on Tuesday after
data showed U.S. factory orders in September expanded at a
quicker pace than expected, signaling potential for more fuel
demand in the world's biggest energy consumer.

U.S. crude for December CLc1 rose $1.31 per barrel to
$79.44 by 1815 GMT. London Brent crude futures LCOc1 rose
$1.54 to $78.09 a barrel.

For a full report, double click on [O/R]

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