Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: US STOCKS-Futures stay in red after Fed statement
 
By Ellis Mnyandu

NEW YORK, Oct 6 (Reuters) - U.S. stock index futures stayed sharply lower on Monday as concerns about the widening fallout from the credit crisis overshadowed a statement by the U.S. Federal Reserve that the central bank will increase a facility to lend to banks. For details, see [ID:nWEQ000234]

Initially futures pared losses after the Fed statement, but they soon drifted back to their original level pointing to a sharply lower start in a volatile trading session.

Stock markets slid in Asia overnight and were tumbling in Europe where major indexes were down about 5 percent on worry over the credit crisis.

S&P 500 futures SPc1 dropped 26.40 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 slid 205 points and Nasdaq 100 NDc1 futures shed 31.25 points. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)

Source