A Brief Look At The Week Ahead

After the US markets plummeted Friday, I guess we need to expect a major tremor across the City tomorrow. Asian markets will give us an early clue as to how big the effect is likely to be in London. On the home front, it is promising to be an oily week as crude prices threaten to top the $100 a barrel mark and both BP and Shell come out with numbers (Tuesday and Thursday, respectively). Last week's surprise attack on our last major brewer, Scottish & Newcastle, will take up a few column inches in the business press but the major interest will be which of the other big industry players come forward with an alternative to the Heineken/Carlsberg approach. S&N selling off the Russian crown jewel as a defensive play might limit interest. We'll have to see whether that move is just a rumour.... The Resolution saga also rolls on, with Standard Life reportedly offering some cosy directorships for a favour or two in support of their bid. Also worth looking out for this week, numbers from Reckitt Benckeiser and GlaxoSmithKline, either of which could spring a surprise. Have a good week, but keep your finger well away from the trigger until the general direction is clear! Good hunting! Greystone Thanks, as always to Supermum and Kyoto for their invaluable input to the Traders Thread (Greystone is Alan English, City Editor at MoneyAM.)

        NIGHT TIME FUN
Latest news of F1 motor racing

Inquiry casts doubt on F1 title
Kimi Raikkonen's world title has been thrown into doubt following an inquiry into the cars
of BMW Sauber and Williams at the Brazilian Grand Prix.
Race stewards are investigating alleged irregularities with the cars' fuel

Now the JOKE
It was a proud English rugby team despite defeat by South Africa in the World Cup final.
But the F1 racing Championship has gone too far in trying to get Hamilton to win the title
after yesterday's two mishaps and no penalty to Hamilton

1- Hamilton obstructed Raikkonen as he left the pits for the last time on trying to obtain the final quick lap.
2- Hamilton escaped any personal sanctions after his McLaren team fitted two sets of wet-weather tyres to his car during the first practice session on Friday.

After today's defeat someone had to look for something to get him on the top.
Someone at BBC1 propaganda said: Hamilton is young and beautiful, wonder if the top bosses at McLaren had noticed that.

UPS (Added by Master RSI on Sun 21 Oct 07:23 pm)

CSH - Mid 4.125p

Reason Large volume/buying last Friday amd 3er day slowly rising share price. Recent update says: restart of exports is expected in the December quarter as oil production from its Zhengeldy field in Kazakhstan was consistent at 9,700 barrels for theSeptember quarter

        NIGHT TIME FUN
Latest news of F1 motor racing

Inquiry casts doubt on F1 title
Kimi Raikkonen's world title has been thrown into doubt following an inquiry into the cars
of BMW Sauber and Williams at the Brazilian Grand Prix.
Race stewards are investigating alleged irregularities with the cars' fuel

Now the JOKE
It was a proud English rugby team despite defeat by South Africa in the World Cup final.
But the F1 racing Championship has gone too far in trying to get Hamilton to win the title
after yesterday's two mishaps and no penalty to Hamilton

1- Hamilton obstructed Raikkonen as he left the pits for the last time on trying to obtain the final quick lap.
2- Hamilton escaped any personal sanctions after his McLaren team fitted two sets of wet-weather tyres to his car during the first practice session on Friday.

After today's defeat someone had to look for something to get him on the top.
Someone at BBC1 propaganda said: Hamilton is young and beautiful, wonder if the top bosses at McLaren had noticed that.

Morning all. Friday's market reports:

Telegraph
The Times
The Times (Need to know)
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

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, stocks fell sharply in the wake of the Friday sell-off on Wall Street.
The Nikkei fell 2.6% to 16,383.85, while the Hang Seng closed the morning session
down 786.23 points (2.7%) at 28,686.29.

Crude oil for November delivery fell as much as 88 cents to $87.72 a barrel in
electronic trading.

Happy Monday!

G.

OUTLOOK Pearson to report on education marketTFN UK calendar and forecasts for todayThomson Financial UK at a glance share guide - weekendThomson Financial Europe AM at a glance share guide: Stocks fall; oil dipsTFN economic and business calendar to Friday Nov 2

The Monday Press Roundup

*PEARSON LIFTS PROFESSIONAL EDUCATION FY SALES OUTLOOK TO 8-10 PCT FROM 5-7 PCTLondon shares outlook - sharply lower as Wall Street plunge knocks confidence

Thomson Financial UK at a glance share guide

BROKERWATCH Land Securities kept as 'overweight' at HSBC after Trillium review

Australian shares close sharply lower on fears US markets may drop further

UK small caps open lower; Blavod Extreme Spirits down after FY operating loss

BROKERWATCH Lloyds TSB upped to 'hold' from 'reduce' at WestLB, target 560 penceSTOCKWATCH Pearson up as trading update reassuresBROKERWATCH DSG International cut to 'marketperform' by Sanford BernsteinBROKERWATCH Reckitt Benckiser lowered to 'market perform' by Sanford BernsteinBROKERWATCH 'Avoid UK domestic banks' says Credit Suisse in sector reviewMetals - LME inventory data (Monday)

Metals - Gold heads lower as market players book profits; oil prices ease

Metals - Gold heads lower as market players book profits, oil prices ease UPDATE

STOCKWATCH Mining shares fall; Citigroup cuts five companies to 'hold' vs 'buy'London shares - midmorning features

Metals - Copper dragged lower by equities, further rise in stockpiles

BROKERWATCH BG Group cut to 'neutral' from 'buy' at UBS; ups tgt to 995p

FOCUS AstraZeneca looks East as pharma manufacturing takes the Orient Express

Metals - Copper dragged lower by equities, further rise in stockpiles UPDATE

OUTLOOK Sabadell 9-months overshadowed by sector uncertainty, Nov 6 Investor Day

STOCKWATCH Carlsberg underperforms; rights issue, potential S&N defence weigh

WALL STREET OUTLOOK Sharply lower open seen on growth concerns

US futures continue to look weak

London shares - midday features

Midday Market Roundup

STOCKWATCH Pearson remains up on positive trading update

Euroshares remain weak midday, US futures point to lower Wall St open

Amsterdam shares broadly off in early afternoon as US futures see lower Wall StPrecious Metals Summary - London AM Fixings

RPT FOCUS AstraZeneca looks East as pharma manufacturing takes Orient Express

BROKERWATCH Rank upgraded to 'hold' from 'sell' by Dresdner Kleinwort

WALL STREET OUTLOOK Sharply lower open on mixed drug results, growth woes UPDATE

OUTLOOK Reckitt Benckiser to upgrade 2007 guidance alongside Q3 results

London shares - midafternoon features

Metals - Copper continues down in line with shares; rising inventories weigh

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Monday Nov 5

End-of-day Market Roundup