LISTEN IN: Market may remain jittery all through November

Wall Street recovers from its day's lows, settles with strong gains after Chairman Ben Bernanke said that the Fed may look at reinvesting in mortgage backed securities but lowers growth outlook for remainder of 2011 but has offered no new aid amid global worries.

The European markets too ends higher.

And in economic data to watch out for, jobless claims for the week are expected to come out today. Consensus figures indicate a decline from 402,000 to 400,000. Factory orders for September are expected to remain the same month on month.

Meanwhile, the ISM Manufacturing data for October is expected to indicate an uptick to 53.5 from 53. Also, productivity and costs data for the third quarter is expected to come out today. NPN farm productivity is expected to improve.

The European Union, in the meantime, appears to be preparing for the worst, German chancellor Angela Merkel said that the group will meet on Monday to discuss firewall options.

Meanwhile, European Union and the international monetary fund said it will consider the sixth tranche of Greece's loan after a Greek referendum on a new bailout plan.

CLICK to hear moneycontrol.com's Sagar Salvi and Shishir Asthana, Investment Editor, firstpost.com, discuss the markets.