Good morning traders!

In the US last night, the Dow Jones Industrial Average dropped 61.1 points to
13,759.10, as investors consolidated strong gains posted last week after the
Federal Reserve's rate cut. The S&P 500 fell 8.02 points to 1,517.73 and the
Nasdaq Composite slipped 3.27 points to 2,667.95.

In Asia today, the Nikkei was recently up 88.1 points at 16,400.71. The Hang Seng
ended the morning up 29 points at 26,580.94

Crude oil for November delivery fell 55 cents to $80.40 a barrel in electronic
trading, from its close at $80.95 on the New York Mercantile Exchange Monday.

Morning all. Market reports:

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

The International Monetary Fund has warned that Britain's sub-prime mortgage system is comparable to the United States, sparking fears about the stability of the housing market.

IMF fears over Britain's sub-prime market
Misery may be just beginning, warns IMF

Meanwhile, Mr Richards, whose RAB Capital funds own 6 per cent of the bank, yesterday repeated his concern that short-sellers might be conducting a campaign to destabilise Northern Rocks share price.

He described how, in the space of a minute, five bank trading desks independently telephoned him to relay the same false rumour about the bank. Youve got to think its being orchestrated when five different trading desks contact you with the same bit of hot news, he said.

MPs call on Northern Rock to scrap 60m dividend payout

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Thomson Financial Europe AM at a glance share guide: Stocks mixed; oil lowerTFN economic and business calendar.STOCKWATCH - China Construction Bank sharply higher in Shanghai debut

TFN UK calendar and forecasts for today

The Tuesday Press Roundup

London shares outlook - Lower; BP's Q3 revenue set to be 'dreadful', says CEO

Thomson Financial UK at a glance share guide

BROKERWATCH Wolseley upped to 'neutral' from 'underperform' at Credit Suisse

Australian shares close at fresh record highs, led by BHP Billiton

UK smallcap opening - Image Scan lifted by brace of contract winsTokyo shares close higher led by stocks with bright earnings prospects

UK smallcap opening - Kiotech up on maiden interim profits

Australian shares close higher led by BHP Billiton; index at record - UPDATEFTSE opens lower as BP retreats

STOCKWATCH Man Group up after positive update; brokers maintain 'buy' stances

London shares open lower; BP slides as CEO says Q3 revenue set to be 'dreadful'

UK smallcap opening - Telent shoots up on agreed 600 pence cash offerTokyo shares close higher led by stocks with bright earnings prospects - UPDATE

UK smallcap opening - Greatland Gold up on encouraging drilling results

STOCKWATCH BP lower after CEO Howard warns of 'dreadful' Q3 revenues

UK smallcap opening - Greatfleet slumps on FY warningSTOCKWATCH Seloger.com hits six-week high on results; Fortis upgrades to 'buy'

UK smallcap opening - ScS Uphostery clipped after disappointing results

Metals - LME inventory data (Tuesday)

UK small caps open lower with Greatfleet hit by FY profits warning

STOCKWATCH Cadbury Schweppes down as Bear Stearns cuts to 'underperform'Metals - Gold falls further away from 27-yr high as dollar recovers

STOCKWATCH Severn Trent up after HSBC upgrades to 'neutral' vs 'underweight'

Metals - Gold falls further from 27-year high as dollar recovers UPDATE

Metals - Copper steadies after rally, dollar recovery caps gains

STOCKWATCH Friends Provident higher; Collins Stewart repeats 'buy'

STOCKWATCH Bank of Ireland earnings growth forecasts fails to convince brokersMetals - Copper steadies after touching fresh 2 month high on supply tightnessLondon shares - mid-morning features

BROKERWATCH SABMiller target price up to 1,500p vs 1,350 at Dresdner Kleinwort

Thomson Financial News at a glance - Today's UK, European broker recommendations

BROKERWATCH Kingfisher target cut to 190p from 235 at Exane, keeps at 'neutral'

OUTLOOK Dairy Crest H1 boosted by strong performances from key brands

London shares - midday features

Midday Market Roundup

UK small caps lower at midday; Subsea Resources dives as FY losses widen

RFL Euroshares down midday, breather after last week's rally, US futures weigh

Precious Metals Summary - London AM Fixings

Metals - Copper turns lower after touching fresh 2 month peak

BROKERWATCH AstraZeneca kept at 'buy' by Deutsche on cancer treatment results

London shares - midafternoon features

Precious Metals Summary - London PM Fixings

UK small caps close sharply lower; Subsea slumps on wider loss, funding concernsMetals - Copper down amid weak US data, but weak dollar cushions falls

End-of-day Market Roundup