Stock Market 10/29/08 - Dow Jones Futures - October 29th, 2008

10/29/08 Pre Market Trading Report:

Today, October 29th, 2008, the stock market and Dow Jones Futures are pointing slightly down coming off of the second biggest point gain in the markets in history yesterday. The Dow Futures are down 45, the Nasdaq Futures are down 11, and the S&P 500 Futures are down 8 points this morning. Oil is rising big this morning, up $3.20 to $66.09. At 2:15pm today, there will be a Federal Reserve interest rate decision. The market is expecting a half of point cut and it should already be priced into the market.

Asian Markets - European Markets 10/29/08

The Nikkei followed our markets yesterday and exploded higher for the second straight day. Japan's Nikkei 225 index jumped 589.98 points, or 7.7 percent, to 8,211.90 after the dollar rebounded against the yen overnight, this eases pressure on exporters. In Europe, Britain's FTSE 100 index popped about 5 percent and France's CAC-40 was up more than 6 percent. Germany's DAX, which surged more than 10 percent in Tuesday trading, fell back nearly 2 percent.

I will have another update at 10:00am Est today.... be sure to check back

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