Stocks Close Lower On Disappointing Economic Data - U.S. Commentary []

Stocks Close Lower On Disappointing Economic Data - U.S. Commentary []
Though the markets opened modestly higher, stocks dropped substantially after the Institute for Supply Management released its report on economic activity in the manufacturing sector in the month of December. The report showed that activity in the sector unexpectedly contracted, with the purchasing managers index falling to 47.7 in December.

Market Likely To Consolidate At Current Levels On Mixed Cues From Global Peers - Asian Commentary []
Tuesday, Indian shares are likely to consolidate at current levels on the back of mixed cues from global markets. Some degree of profit booking can also be expected following recent record gains. However, in intraday trading, the Sensex might touch the 21,000 mark.

Stocks Seeing Modest Strength In Early Trading - U.S. Commentary []
Stocks moved modestly higher at the start of trading on Thursday, with the major averages regaining some ground after falling sharply in the two previous sessions. Bargain hunting contributed to the initial upward move.

Merrill Lynch Economist Says US Has Entered Recession []
The US economy has entered into its first major recession in 16 years according to David Rosenberg, chief North American economist for Merrill Lynch. In a research note to clients released on Monday, Rosenberg wrote that "Friday's employment report confirmed our suspicions that the economy was transitioning into an official recession towards the end of last year."

Malaysian Stocks Due For Correction []
After two straight days of record high closes, analysts are calling for the Malaysian stock market to ease slightly on a bit of profit taking when the Kuala Lumpur Composite Index opens for business on Tuesday. Also likely to lead the index to the downside will be the plantation sector that had helped to set the record highs, since palm oil is viewed as an organic alternative for crude oil.

Market Likely To Open Sharply Lower On Back Of Weak Global Cues - Asian Commentary []
Global cues are pointing towards a lower opening for the Indian market on Monday. The U.S. stocks plunged on Friday after a weaker-than-expected jobs data fanned recession fears. The major Asian markets are sharply lower on Monday, tracking Wall Street's sell-off.