FTSE 100 from the London Stock Exchange, the key European market index. Dow Jones after a strong day on Monday, had seen some negativity on Tuesday, 9 December 2008 as Federal Express and Texas Instrument cutting their profit forecast for the coming year 2009.
FTSE 100 is currently nearing the time of closing at the time of this post and it is now strongly within the green zone with a gain of 102.75 or 2.39 percent. FTSE 100 had performed really well as Hang Seng Index and Shanghai Composite closed slighly down due to profit taking after a large gain on Monday. Straits Times Index, STI, Singapore bourse had rallied over 90 points as Monday, a day before was a holiday and posted a post news climbed.
Dow Jones is currently down by 116.13 or 1.3 percent. My personal take is that Dow Jones may closed in the green as the market seems to be really calm even with bad economic data due to be released as Obama, the US President-elect had announced a large infrastructure building package to stimulate the US economy and job market.
The above are of personal opinion and not at all, an inducement to trade.