Markets Trade in Red

The Global Markets gives out mixed clues this morning. Most U.S. stocks rose, snapping a four-day losing streak in the Standard & Poor’s 500 Index, as earnings at Target Corp. and speculation that Ireland will receive aid offset concern that technology spending is slowing. European stocks rebounded from the biggest drop in four months as the European Union started work on a possible aid package for Ireland indebted banks This morning Asian stocks rose, driving regional benchmark gauge up from its lowest level this month, as commodity prices climbed and companies from David Jones Ltd. to Sonic Healthcare Ltd. reaffirmed profit guidance. In commodities, Oil rose, rebounding from a four- week low, after a U.S. government report unexpectedly showed crude inventories fell the most since August 2009, boosting optimism of an increase in fuel demand.  Gold climbed for the first time in five days, ending the worst losing streak since July, on increased investment demand and signs that global sales remain robust, led by India. Copper in London gained as much as 1.2 percent to $8,285.75 a metric ton, advancing for a second day. Metal for February delivery in Shanghai rose as much as 2.2.  Indian markets slip into the red after climbing higher due to losses in banking stocks. The main draggers are the Realty and Banking indices. Market breadth is negative with 544 advances against 2,163 declines. The Sensex trades in red at 19,670.35 declining 194.79 points or 0.98 percentage points. Nifty trades at 5919.40 declining by 69.30 points or 1.16 percentage points.