Hello traders!

In the US tonight, the Dow Jones was off 30.49 points at 13,090.86, while the
S&P500 gained 1.56 points at 1,447.11 and the Nasdaq Composite was 12.71
points ahead at 2,521.30.

See you in the morning with the latest....

G.

Director Dealings - Tuesday 21 August 2007

AssetCo PLC (ASTO)Azure Dynamics Corporation (ADC)Bank of America Corp (BAC)Bank of Ireland(Gov) (BKIR)Bankers Petroleum Limited (BNK)Boyer Allan GreaterBritish Land Co PLC (BLND)Cadbury Schweppes (CBRY)Centaur Media PLC (CAU)Centaur Media PLC (CAU)Centrica PLC (CNA)Creston PLC (CRE)Dawnay, Day Sirius (DDS)Detica Group Plc (DCA)Domestic & General (DGG)

Empresaria Group PLC (EMR)F&C UK Select Trust (FUS)F&C UK Select Trust (FUS)Frenkel Topping Grp (FEN)HSBC Holdings PLC (HSBA)ITIS Holdings PLC (ITH)Interactive Prospect (IPH)Interco. Hotels Grp (IHG)Intermediate Capital (ICP)Johnston Press PLC (JPR)Lon.Scottish Bank (LSB)MITIE Group PLC (MTO)May GurneyIntegrated (MAYG)McKay Securities. (MCKS)Merchants Trust. (MRCH)

New Star Private (NSPE)New Star Private (NSPE)New Star Private (NSPE)New Star Private (NSPE)Next PLC (NXT)Reckitt Benckiser (RB.)Rok PLC (ROK)Sappi Ld (SAZ)Scapa Group PLC (SCPA)Scapa Group PLC (SCPA)Scapa Group PLC (SCPA)Topps Tiles (TPT)Uruguay Min. Explor. (UGY)Weir Group PLC (WEIR)

Morning all. Market reports:

Telegraph
The Times
The Times (Need to know)
The Guardian
The Independent
This is Money

Afterwards, Senator Dodd said he had the impression that Mr Bernanke was unhappy with the market reaction to last week's cut in the Fed's discount lending rate and could either cut further or even slash the Fed funds target rate. "I asked the chairman of the Fed whether he was willing to use all the tools available to him and he said, 'Absolutely'," Senator Dodd said after the meeting.

Trading in London's credit markets was very tight yesterday and the interbank market was described as being in a "state of near-crisis".

"Thirty years in the market and I've seen nothing like it before - it looks like the interbank market has stopped functioning," said one trader. "It's as if the banking system has seized up. The market is simply not lending to each other, and if this goes on it could start to chip away at banks' capital. If you told every bank to liquidate, there wouldn't be a solvent bank."

Paulson fails to quell Dow jitters

Market watchdogs yesterday raised the prospect that some firms hit by the turmoil in financial markets were resorting to fraud in a last-ditch bid to survive.

The Securities and Exchange Commission filed civil fraud charges against Sentinel Management Group, claiming the investment adviser stole clients' money to prop up its own trading accounts. The company, which manages short-term cash for hedge funds, also allegedly used its clients' assets as collateral to leverage its funds without telling them.

SEC accuses Sentinel of using market turmoil to hide fraud

Credit Suisse has become the latest big investment group to abandon its bearish stance on the markets and advise clients to start buying equities again.

Credit Suisse bullish over equities

The credit crisis inched closer to the heart of the British financial system yesterday as HBOS, the banking group, disclosed that it was bailing out a vast in-house fund that has been struggling to finance itself.

HBOS, which owns Halifax and Bank of Scotland, said that it would extend credit to Grampian, a $37 billion (£19 billion) Jersey-registered debt- financed fund, until market conditions improved.

The move came as the Bank of England disclosed that it had provided £314 million of emergency funding to a financial institution that it did not name, but which is understood to be Barclays.

Sources described Barclays’s use of the Bank’s emergency facility, which is priced at a punitive 1 per cent above base rate, as an operational issue and not related to fears over liquidity.

HBOS bails out own fund as effect of credit crisis spreads

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK BHP Billiton FY profit grows on higher output, prices for key products

Barclays, the UK’s third-largest bank, is among banks to have borrowed under the Bank of England’s emergency facility on Monday, it emerged on Tuesday night. Barclays is thought to have taken out a £312m loan after another large bank missed a scheduled payment. It is not unusual for banks to use the BoE’s facility. However, investors are closely monitoring the facility for signs of distress in the banking sector, which has been hit by a crisis of confidence that has cast doubt on banks’ access to short-term funding.

As Barclays, among others, uses BoE facility

TFN economic and business calendar

Thomson Financial Europe AM at a glance share guide: Shares, oil trade mixed

Good morning traders!

In Asia today, the Hang Seng ended the morning up 290.99 points at 22,020.34,
while the Nikkei was recently ahead 2.3 points at 15,903.64.

Crude oil for October delivery, which became the lead-month contract today, rose
18 cents to $69.75 a barrel, compared with its close at $69.57 a barrel on the New
York Mercantile Exchange Tuesday.

Happy trading!

G.

The Wednesday Press RoundupTFN UK calendar and forecasts for today

BROKERWATCH Reuters upped to 'buy' from 'hold' at Deutsche Bank; tgt 740p vs 650London shares outlook - flat, as investors digest a mixed day on Wall Street

First Day of Dealings

Thomson Financial UK at a glance share guide

STOCKWATCH BHP Billiton FY earnings, outlook statement pleasesBROKERWATCH Kesa upgraded to 'equal-weight' from 'underweight' at Morgan Stanley

BROKERWATCH Pearson cut to 'hold' vs 'buy' at Deutsche Bank; target 915p vs 930Tokyo shares close flat as investors await outcome of BoJ meeting

STOCKWATCH Bayer seen underpinned by report could re-enter Stoxx50 index

Australian shares close firmer for 3rd straight session but off highs

UK smallcap opening - Xploite ticks up on talk of Camelot jv

UK smallcap opening - In House edges up on property divestment

Australian shares close firmer for 3rd straight session but off highs - UPDATEUK smallcap opening - iSoft advances as board considers IBA's revised offer

UK smallcap opening - Galleon Holdings up on 'Skunk Fu!' sale

London shares open higher as miners fuel gains after BHP Billiton's strong FY

UK smallcap opening - Secure Design higher on Sanyo fingerprint project

UK smallcap opening - Sunrise Diamonds harden on chairman's share buying

STOCKWATCH BHP Billiton firmer as FY profit at new record, Numis keeps at 'add'

Tokyo shares close flat as outcome of Bank of Japan meeting awaited - UPDATE

STOCKWATCH Persimmon higher; Panmure Gordon start as 'buy' with 1,423p targetUK smallcap opening - Corporate Services slides on unit's accounting problems

UK small caps open higher with Interactive Prospect solid on bid approach

Metals - Gold steady near 655 usd as investors await fresh 'credit crunch' news

STOCKWATCH Northern Rock gains, Cazenove says M&A talk 'understandable'Metals - LME inventory data (Wednesday)

STOCKWATCH Sainsbury higher on bid rumours; Evolution keeps 'reduce', tgt 465p

Metals - Gold steady above 655 usd as mkt awaits 'credit crunch' news UPDATE

Metals - Copper creeps higher as base metals consolidate after losses

Good morning all

a day of rising stocks, mainly FTSE and mining

One for the "UPS" on a narrow spread 8.50 -8.75p

UPS (Added by Master RSI on Wed 22 Aug 10:20 am)

GGG - Mid 8.675p

Reason - Ready for the move up after reaching a double bottom on the chart and bouncing from support and lower Bolinger Band, most metals stocks are moving higher aswell today, news are expected of the mining done recently

BROKERWATCH Deutsche Bank cuts forecasts for Credit Suisse, BNP and SocGen

Chart of double bottom for GGG 8.50 - 8.75p

London shares - mid-morning featuresMetals - Copper creeps higher as base metals consolidate after losses UPDATE

STOCKWATCH AB Foods up; Numis initiates coverage with 'add' view and 950p tgt

WALL STREET OUTLOOK Higher amid dearth of corporate and economic newsflow

US futures advancing

GGG 8.75 - 9p =

up at both sides since selected, still on a narrow spread

London shares - midday features

Midday Market Roundup

Precious Metals Summary - London AM Fixings

Metals - Gold prices move higher as wider market sentiment improves

        LUNCH TIME FUN

Another one for the "UPS" ......

"UPS "(Added by Master RSI on Wed 22 Aug 02:47 pm)

PCI - Mid 7.62p

Reason- Holding for the last couple days around this price and today slowly rising as volume buying is increasing Indicators are now at oversold

PCI
the 5 days chart is showing more clearly the bottom and now movement UP, as the parabolic SAR has gone positive

5 days

London shares - midafternoon features

Metals - Copper rises as improved sentiment encourages bargain hunting

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Wednesday Sept 5

End-of-day Market Roundup

        JOKE OF THE DAY

You are a lousy cook if....

Your family automatically heads for the table every time they
hear a fire siren

Anyone has ever broken a tooth eating your homemade yogurt.

Your kids know what "peas porridge in a pot nine days old"
tastes like.

Your son goes outside to make mud pies, the rest of the family
grabs forks and follows him.

Your kids favorite drink is Alka-Seltzer.

You have to buy 25 pounds of dog food twice a week for your toy
poodle .

Your kids got even with the neighborhood bully by inviting him
over for dinner.

Your kids got suspended from school for trying to smuggle toxic
waste in their lunch bags.

Your husband refers to the smoke detector as the oven timer.

No matter what you do to it the gravy still turns bright purple.

You burned the house down trying to make jelly