Hello traders!

In the US tonight, the Dow closed down 3.58 points at 13,888.96, while the
S&P500 was off 1.16 points at 1,540.08 and the Nasdaq Composite rose 6.64
points to 2,799.31.

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

G.

Morning all. Market reports:

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

The dollar has plummeted to all-time lows against both the euro and a basket of global currencies amid growing fears of a disorderly rout as the US property slump spreads to the broader economy.

Dollar dives as US slump spreads

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Nikkei ended the morning trading session 1.6% lower at
16,834.11. Hong Kong markets are closed for a public holiday.

The November oil contract settled at a record $89.47 a barrel on the New York
Mercantile Exchange Thursday. It recently was trading at $89.55 on the electronic
market after coming off the $90.02 intraday record.

Happy Friday!

G.

TFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stocks lower; oil soars

TFN UK calendar and forecasts for today

The Friday Press Roundup

London shares outlook - slightly firmer; NY mixed; oil record highs

BROKERWATCH Ladbrokes started 'overweight', William Hill 'underweight' at Lehman

BROKERWATCH Swisscom cut to 'neutral' from 'overweight' at JP Morgan

Thomson Financial UK at a glance share guide

Tokyo shares close down sharply on firmer yen, higher oil prices

Australian shares close lower on profit-taking, subprime concerns

BROKERWATCH Fastweb lowered to 'underweight' vs 'neutral' by JP Morgan

BROKERWATCH Royal Dutch Shell upped to 'neutral' from 'sell at Goldman Sachs

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

UK smallcap opening - William Ransom lower on disappointing trading statmentAustralian shares close lower on profit-taking, subprime concerns - UPDATE

Tokyo shares close down sharply on firmer yen, higher oil prices - UPDATE

CORRECTION: Tokyo shares close down sharply on firmer yen, higher oil pricesUK smallcap opening - Consort Medical slides on 2 mln stg pretax profit hit

UK smallcap opening - Eurovestech lifted by software integration deal

STOCKWATCH Iberia underperforms after Lufthansa values it at 3.0 eur/shr

STOCKWATCH WPP shares fall after growth disappoints, Merrill cuts estimatesSTOCKWATCH AstraZeneca lower after European Patent Office ruling on SymbicortUK smallcap opening - Instore up on reduced loss; Granby higher on oilfield news

OUTLOOK GlaxoSmithKline Q3 results expected lower on Avandia concerns

Metals - Gold, platinum hit fresh highs on dollar weakness, strength in oil

CORRECTION UK smallcap opening - Instore up on reduced lossMetals - Metals - LME inventory data (Friday)

STOCKWATCH HSBC lower; cut to 'neutral' from 'buy' at UBS; tgt 1,030p from 1,050RPT OUTLOOK GlaxoSmithKline Q3 results expected lower on Avandia concernsUK small caps open slightly lower; William Ransom top faller on FY results blow

Metals - Copper steadies as traders weigh dollar weakness, stock increases

Metals - Gold, platinum hit fresh highs on dollar weakness, strong oil UPDATE

London shares - midmorning features

STOCKWATCH UK housebuilders gain amid talk of 500p bid for RedrowBROKERWATCH Marks & Spencer and Inditex downgraded in SG Secs retail reviewMetals - Copper steadies as traders weigh dollar weakness, stock rises UPDATE

OUTLOOK Home Retail H1 underlying pretax profit seen up 33 pct

FOCUS AstraZeneca Symbicort patent fight raises questions over IP security

BROKERWATCH RBS cut to 'hold' from 'buy' by Dresdner Kleinwort, target 580pWALL STREET OUTLOOK - Down as oil tops 90 usd; 3M, Caterpillar earnings in focus

US futures slip on currency concerns

London shares - midday features

OUTLOOK Pearson to report on education market

OUTLOOK BP Q3 profits hit by weak production, gas prices, marginsUK small caps flat in quiet midday trade; Instore gains after cutting H1 losses

Midday Market Roundup

Precious Metals Summary - London AM Fixings

OUTLOOK Prudential 9-month sales seen up 8.3 pct

Euroshares flat midday as US futures recover; oil stocks advance

OUTLOOK Aviva 9 mths new business sales seen up 19 pct

Metals - Gold steady as dollar rebounds slightly from record low

OUTLOOK Legal & General 9-month sales seen down 16 pct

OUTLOOK Shell Q3 earnings falter on weak volumes, higher costs

BROKERWATCH Reuters price target upped to 710p vs 681p by Goldman Sachs

OUTLOOK Akzo Nobel Q3 seen strong driven by coatings and chemicals

STOCKWATCH UniCredit lower on talk of ABN stake disposal UPDATE

London shares - midafternoon features

OUTLOOK Santander Q3 to show positive growth in Spain, LatAm; focus on ABN buy

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Friday Nov 2

OUTLOOK Reuters Q3 sales buoyed by FX volumes, 'core plus' programme

Metals - Copper gives back earlier gains as US equities fall

End-of-day Market Roundup

UK small caps close lower in late sell-off; William Ransom falls on H1 warning

Friday's market reports:

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

The Dow Jones plunged almost 370 points in a perfect storm of surging oil costs, a sliding dollar, and fresh fears of paralysis in the credit markets.

Wall St caught in a perfect storm

Americas housing slump caused a $1.3 billion (639 million) writedown at Wachovia, the fourth-largest bank in the US, triggering its first profit decline in six years.

US bank slump goes on as Wachovia reveals $1.3bn writedown

Barclays and Royal Bank of Scotland have lined up emergency funds of up to $30bn (15bn) from the US Federal Reserve to bail out American clients caught up in the global credit crunch.

Barclays and RBS line up Fed for 15bn

BRADFORD & BINGLEY has become one of the most unpopular companies on the stock market, with traders staking nearly 240m on the chance that its share price will fall. Alliance & Leicester is also unpopular, with 14%, or 437m, of its 3.12 billion market value on loan. Both banks now have more of their stock on loan than Northern Rock.

Traders bet against B&B

Investors are bracing themselves for a sharp fall in share prices in London tomorrow amid rising concerns of a repeat of Black Monday after Friday afternoon's falls in the US.

City braced for repeat of Black Monday

Finance ministers from the G7 nations issued a blunt warning this weekend that rising energy costs and the American housing crisis will put the brakes on the global economy over the next 12 months, as oil prices surged towards $100 a barrel.

Policymakers are becoming increasingly alarmed about Opec's refusal to act. Julian Lee of the Centre for Global Energy Studies in London, said it was playing 'an extremely dangerous game'.

Fear of global slowdown as oil price soars