rebound on us markets tonight, page-8

Should be an interesting night ahead..... The sell off yesterday was overdone..... financials are the one to sort themselves out not the healthy sectors like commodities....

London is showing signs of positivity to come.... ;)

FTSE 100 5,540.50 6:44AM ET +22.30 (+0.40%)

the DOW wants badly to move up tonight.....

DJIA INDEX 11,470.00 +8.00 06:45 AM

U.S. futures edged higher Friday after stocks ended the previous session at their lowest level in nearly two years, but record crude prices limited gains.

At 6:01 a.m. ET, Nasdaq and S&P futures were narrowly higher and suggesting a slightly higher open for Wall Street.

Dow drop Stocks ended Thursday sharply lower, with the blue-chip Dow Jones industrial average plunging more than 350 points to a 21-month low.

Energy A solid rebound from that selloff looked unlikely as oil prices rose to yet another record. Crude futures jumped to a trading high above $141 a barrel in electronic trading Friday.

Economy The government is due to report a report on personal income and spending at 8:30 a.m. ET. Investors will be watching a component of the report that tracks consumer prices and which is considered to be the Federal Reserve's preferred inflation gauge.

Other markets In global trade, Asian markets followed Wall Street lower, with Japan's benchmark Nikkei index tumbling 2%. European shares also dropped in morning trading.

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Another lil positive point for US :

North Korea blows up nuke plant tower

North Korea has destroyed a cooling tower at a plant officials admit was used to extract plutonium for nuclear weapons. CNN's Christiane Amanpour, one of few journalists to witness the historic event at Yongbyon, said: "They fired a warning flare and then in three minutes the whole thing came tumbling down in a massive cloud of smoke.