Supermum apologises but the Edinburgh Fringe has upset her plans for a chart this
week.... :)

She will return next week with her regular insight...

Hello traders!

It looks like being more of the same next week, with credit worries top of the
agenda. No doubt we'll see a flurry of denials from hedge fund managers and
mortgage lenders but the truth of their positions will likely be in what they "dont
say".

British Airways could see some pressure on news that the likes of Volvo and Ikea
are after their tails about cargo charges....

Enjoy your break and save a little energy for the fray on Tuesday...

G.

Friday's market reports:

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

Britain's economy continued to grow healthily in the second quarter of this year, the Office for National Statistics has confirmed, renewing concerns that the Bank of England may yet be forced to raise interest rates despite the recent credit market turmoil.

Economy growth renews speculation of interest rate rise

Full-year earnings forecasts for Britain's banks are set to be downgraded, analysts warned yesterday, as the sector began to try to make sense of the credit crunch and its long-term effects.

City set to slash full-year forecasts for banking sector

Pension fund trustees are planning legal action against several London hedge funds in a desperate bid to salvage investments threatened by the recent credit crunch. Investors in one London-based hedge fund last week asked lawyers to prepare an injunction against the fund, which has been selling off assets because it cannot borrow any more money.

Pension funds demand money back

London's banking system is clogged up with a growing backlog of short-term loans estimated to stand at some $25bn (12.4bn).

Although an air of calm has descended on equity markets, the short-term money markets remain chaotic say senior bankers, who warn that the market for asset backed commercial paper (ABCP) - loans that typically last between 60 and 90 days - has ground to a halt.

Loans block up London banking

BOB Baer, the former Middle East CIA operative whose first book about his life inspired the oil-and-espionage thriller Syriana, is working on a new book on Iran, but says he was told by senior intelligence officials that he had better get it published in the next couple of months because things could be about to change.

Baer, in an interview with The Weekend Australian, says his contacts in the administration suggest a strategic airstrike on Iran is a real possibility in the months ahead.

US 'poised to strike Iran'

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK CRH eyes Tarmac as part of acquisition strategyThomson Financial Europe AM at a glance share guide: Stocks, oil mixedTFN economic and business calendar to Monday Sept 10Thomson Financial UK at a glance share guide - weekend

Good morning traders!

In the US last night, the Dow Jones Industrial Average fell 56.7 points to 13,322.10
after data showed that the count of unsold homes hit a 16-year high in July. The
S&P 500 declined 12.6 points to 1,466.79 and the tech-heavy Nasdaq Composite
lost 15.44 points to 2,561.25.

In Asia today, the Hang Seng ended the morning down 157.39 points at 23,420.34,
while the Nikkei was recently off 16.27 points at 16,285.12.

Crude oil for October delivery rose 12 cents to $72.09 a barrel, after adding 88
cents to $71.97 a barrel on the New York Mercantile Exchange Monday.

Happy trading!

G.

Thomson Financial UK at a glance share guide - Bank Holiday MondayTFN UK calendar and forecasts for today

LONDON (Thomson Financial) - Barclays has exposure of several hundred million dollars to failed debt vehicles created by its investment banking arm amid growing scrutiny over its links to SachsenLB, the troubled German public sector bank, the Financial Times reported.

Barclays' exposure to failed debt vehicles uncovers SachsenLB links - report

Barclays faces scrutiny over Sachsen (FT)

London shares outlook - Weaker after Wall Street profit-taking falls on data

BROKERWATCH Bradford & Bingley target price cut to 350p from 370p by JP Morgan

Tokyo shares close slightly lower as market awaits leadsThomson Financial UK at a glance share guide

The Tuesday Press Roundup

BROKERWATCH Rolls Royce kept as 'equal-weight' by Morgan Stanley

Tokyo shares close slightly lower as market awaits leads - UPDATEAustralian shares close marginally lower as earnings offset US concerns

First Day of Dealings

BROKERWATCH Standard Chartered reiterated as 'outperform' at Credit SuisseUK smallcap opening - Eleksen slumps on FY sale warning; funding move

Good morning all Analysis selection yesterday TIO

TIO price 50.675p

Rising volume during last week

Bouncing from 40p last week as the Indicators were well oversold

Gold miner spin-off from Peter Hambro Mining, it has five big Russian projects two ilmenite and titanomagnetite deposits, two iron deposits and a titanium sponge plant

Cash rich ( half the share price) after placing last May, for construction and development of company's assets, broker have a target of 125p

RPT UK smallcap opening - Hat Pin moves up on Mail on Sunday buy recommendationUK smallcap opening - March Networks up on Toronto Transit expansion move

UK smallcap opening - Media Corp up on directors' share buying

One for the "UPS" (Added by Master RSI on Sun 26 Aug 06:41 pm)

VLK - Mid 74.75p

Reason - A drop from 90p recently, has lately won a contract for its division Defence, Law Enforcement and Security worth 1.2M, and due to report 1H on Thurday 30th, company confident for the full year, MACD rising after crosing UP last week

Australian shares close marginally lower as earnings offset US concerns - UPDATE

UK smallcap opening - Anzon Energy jumps on approach to Australian unit

STOCKWATCH Kesa Electricals higher as Exane BNP Paribas ups to 'outperform'

UK smallcap opening - Aricom up on Sunday Times comment

UK smallcap opening - Renesola slides afresh on production cuts

Metals - LME inventory data (Tuesday)

STOCKWATCH Velosi up on contract win; Charles Stanley repeats 'buy', target 170p

another for the "UPS" (Added by Master RSI on Tue 28 Aug 09:27 am)

BVC - Mid 31.125p

Reason - Due for results on a couple weeks (10th September) Order book and volume getting better after some time on the negative side, company said volume up 15% for the 1H, but vey good results for the full Year and 2008 is expected on the Market

UK small caps open easier, with Eleksen hit by FY sales warning, funding move

STOCKWATCH Stork down as investors wait for Marel's next moveMetals - Copper falls on large increase in LME stockpiles; poor US housing data

BVC 31.75 / 32.50p +1p

moving higher with volume, ready for better things, selected earlier at "UPS"

Metals - Copper falls on increase in LME stockpiles; poor US housing data UPDATE

STOCKWATCH Barclays lower, downplays FT claims, brokers see damage to reputation

BROKERWATCH DKIB rates pharma shares positively because of sector yield

US futures head lower

London shares - midday features

UK small caps stay weak at midday; Eleksen hit by FY sales warning, funding move

CORRECTION UK small caps stay weak at midday; Eleksen hit by FY sales warningWALL STREET OUTLOOK - lower, consumer confidence data and FOMC minutes in focus

Precious Metals Summary - London AM Fixings

Midday Market Roundup

FOCUS Stork takeover battle in stalemate, raising risk Candover offer will failSTOCKWATCH Henderson upgraded to 'buy' vs 'hold' at Citigroup

London shares - midafternoon features

Metals - Gold eases amid growth fears ahead after lower Wall Street open

Metals - Base metals slip after large increase in copper and nickel inventories

Precious Metals Summary - London PM Fixings

CORRECTION Metals - Base metals slip after large increase in inventories

TFN economic and business calendar to Tuesday Sept 11

BVC 32 - 33.50p +1.50p

now going places as volume is going on and Market well down

End-of-day Market Roundup