Short covering again helped market to recover.Currently dowjones futures are trading at 111 point plus and are ready for a relief rally after yesterdays blood bath.Our team likes Essar oil because this stock are at an attractive value good be back to three digits at any time.
Other news are
UBS shares up 4.3%, Credit Suisse shares up 7.2%
S&P 500 futures up 11.90 at 915.20
Nasdaq 100 futures up 17.25 at 1,246.25
Gold futures down 40C at $838.60 an ounce
Dow Jones Industrial Average futures up 111 at 8,615
Light sweet crude futures down $2.19 at $72.34 a barrel
Euro flat at $1.3464 vs dollar
Sterling up 0.7% at $1.7259 vs dollar
German DAX 30 index down 1.6% at 4,784.13
French CAC-40 index down 2.6% at 3,292.27
U.K. FTSE 100 index down 2.2% at 3,990.76
