Hello traders!

In the US tonight, the Dow was last up 19.35 points at 13,694.60, while the
S&P500 was ahead 1.05 points at 1,516.93 and the Nasdaq Composite was off
19.91 points at 2,754.85.

Crude oil was recently up $2.69 at $89.79, after hitting an intraday high of $90.00
a barrel.

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

G.

Morning all. Market reports:

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

America's sub-prime mortgage crisis is likely to claim the homes of two million families according to an influential congressional committee which warned today that foreclosures pose a grave threat to the US economy.

'We are headed for billions in lost wealth'

Identified as one of the bright spots in the global economy, China recorded more double-digit growth in the third quarter, though the great expansion is slowing. The robust annualised 11.5 per cent jump in output for the three months to September revealed yesterday is down from the near- 12 per cent figure for the previous quarter. Next year, the IMF expects Chinese growth to slow to 10 per cent.

China's growth slows to 11.5%

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng ended the morning up 412.18 points at 30,266.67,
while the Nikkei rose 0.9% to 16,436.25.

Crude oil for December futures rose as high as $91.10 a barrel in electronic trading,
after ending at a record high of $90.46 a barrel on the New York Mercantile
Exchange. The contract was recently at $90.90 a barrel, up 44 cents on continued
worries over energy supply and tensions in the Middle East.

Happy Friday!

G.

OUTLOOK Legal & General 9-month sales seen down 16 pctThomson Financial Europe AM at a glance share guide: Stocks mixed; crude risesTFN economic and business calendar

TFN UK calendar and forecasts for today

London shares outlook - higher, Legal & General figs in focus; NY edges lower

The Friday Press Roundup

Thomson Financial UK at a glance share guide

Tokyo shares close higher on upbeat earnings, Asian markets rallies

BROKERWATCH Lonmin price target cut to 3400p vs 3600 at Lehman Brothers

Australian shares close higher led by oil, mining stocks

UK smallcap opening - Oxford BioMedica firmer after favourable patent ruling

UK smallcap opening - Elephant Loans slumps after issuing profit warning

STOCKWATCH Bayer extends losses in wake of Trasylol concerns

London shares open higher, Northern Rock top riser on bid news; NY edged lowerUK smallcap opening - Synchronica dips; to issue 30 mln shares, 27 pct of co

BROKERWATCH Tesco initiated with 'buy' by Blue Oar Securities, target 510 penceUK smallcap opening - GSH Group up as FY pretax profit rises to 8 mln stgTokyo shares close higher on upbeat earnings, Asian market rallies - UPDATE

Australian shares close higher led by oil, mining stocks - UPDATE

UK smallcap opening - Metal-Tech lower after court declares UTL jv bankrupt

STOCKWATCH Legal & General edges higher after 9-month sales miss forecasts

STOCKWATCH BAE Systems falls; Goldman Sachs removes from 'Conviction Buy' list

STOCKWATCH Capita up; brokers stay positive after co loses out on contract

FOCUS Carlsberg, Heineken seen likely to win S&N, but must raise bid priceSTOCKWATCH Heineken lower, but in-line with market after S&N approachSTOCKWATCH UniCredit lower amid talk Lehman is selling

Metals - LME inventory data (Friday)

Metals - Gold at fresh 28 year highs as oil rallies to new high, dollar drops

OUTLOOK BG Q3 earnings still seen higher despite output hit from CATS shutdownMetals - Copper rises in London on strong Chinese demand UPDATELondon shares - midmorning features

BROKERWATCH Vodafone upped to 'buy,' Deutsche Telekom to 'hold' at ABN Amro

STOCKWATCH Sainsbury dips; Delta 2 seeks more funding, Merrill Lynch asks why?

OUTLOOK AstraZeneca sales seen up, but pretax lower on restructuring costs

Metals - Gold at fresh 28 year highs as oil rallies, dollar drops UPDATEUS futures mixed as oil price surges

WALL STREET OUTLOOK Flat-to-higher open seen; Microsoft set to outperform

STOCKWATCH Standard Chartered higher amid stake-building, bid speculation

London shares - midday features

Midday Market Roundup

Precious Metals Summary - London AM Fixings

UK small caps slightly lower at midday; Elephant recovers some ground

OUTLOOK - UK companies results for 2 weeks to Nov 9

OUTLOOK ICI Q3 to highlight solid results, Akzo takeover progressOUTLOOK ICI Q3 to highlight solid results, Akzo takeover progress

STOCKWATCH Swiss Re surges on Pearl's counter-bid for Resolution

OUTLOOK Smith & Nephew Q3 sales seen rising on market conditions, new products

STOCKWATCH Swiss Re surges on Pearl's counter-bid for Resolution UPDATE

Metals - Gold hit another 28-year peak as dollar plunges

OUTLOOK KPN expected to post solid Q3; focus on E-Plus, FY guidance

Metals - Copper keeps climbing towards 8,000 usd after sharp fall in SHFE stocksLondon shares - midafternoon features

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Friday Nov 9

OUTLOOK - UK companies results for 2 weeks to Nov 9 UPDATE

End-of-day Market Roundup

Have a great weekend everyone! Enjoy your extra hour in bed....

G.

Friday's market reports:

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

HBOS has found new sources of funding for the 18bn financing vehicle that it was forced to take back on to its own balance sheet at the height of the credit crunch. Grampian, which was refinanced by the bank when the market for commercial paper loans dried up, is now being funded entirely from the markets once more.

Grampian funded fully says HBOS

Victoria Mortgages, which specialised in loans to sub-prime borrowers with poor credit histories, has been dissolved. The company became Britain's first failed sub-prime lender earlier this year after it was forced to call in administrators. The Sunday Telegraph has learned that KPMG has now sold the remnants of the lenders' 600m loan book to three investment banks. The book has been sold in tranches to specialist debt desks at UBS and Morgan Stanley and to Dresdner Kleinwort's sub-prime mortgage operator, Livingstone.

Victoria reaches end of the line

Federal Reserve chairman Ben Bernanke is poised to make a second emergency cut in interest rates this Wednesday, as the chaos from the sub-prime mortgage fiasco ripples through America's economy, exposing hundreds of thousands of families to the threat of losing their homes. Wall Street investors are betting on a quarter-point reduction in borrowing costs at the Fed's two-day meeting this week; but with the news from the collapsing housing market worsening almost by the day, Julian Jessop, of Capital Economics, said Bernanke and his colleagues could even go for a half-point cut.

Credit chaos to force fresh US rate cut