Hello traders!

In the US tonight, the Dow Jones Industrial Average ended down 362 points at
13,567, its worst day since October 19th, which marked the anniversary of Black
Monday.

The S&P 500 fell 40 points to 1,508, while the Nasdaq Composite lost 64 points at
2,794.

Crude for December delivery fell back $1.04 to close at $94.53 a barrel, as the
dollar gained some strength.

See you in the morning with the next chapter...

G.

Good morning traders!

In Asia today, the Nikkei closed down 352.92 points at 16,517.48, while the Hang
Seng was off 836.80 points at 30,656.08 at the end of the morning session.

New York\'s main oil futures contract, light sweet crude for delivery in December,
was trading at $93.96 a barrel, up 47 cents from its close of $93.49 in US trade
Thursday.

Happy Friday!

G.

OUTLOOK BskyB key performance indicators in spotlight at Q1OUTLOOK BA H1 profits to jump 25 pct as premium traffic continues to growAustralian shares close sharply lower after Wall Street selloffTFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stock fall; oil eases

Morning all. Market reports:

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

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

TFN UK calendar and forecasts for todayTokyo shares close lower on Wall Street slump, caution ahead of jobs dataAustralian shares close sharply lower after Wall Street selloff - UPDATE

London shares outlook - lower as NY plunges, caution ahead of jobs data

BROKERWATCH Diageo upped to \'equal-weight\' vs \'underweight\' at Lehman Brothers

Tokyo shares close lower on Wall St slump, caution ahead of jobs data - UPDATE

Thomson Financial UK at a glance share guide

BROKERWATCH QSC upped to 'neutral' from 'underweight' at JP Morgan

BROKERWATCH Smith & Nephew downgraded to 'add' from 'buy' at Numis

UK smallcap opening - Centamin Egypt down on fundraising move

STOCKWATCH BAT down; cut to 'neutral' from 'buy' at Merrill Lynch; tgt 1,830pUK smallcap opening - Fairplace up on recovery hopes; swing to operating profitUK smallcap opening - Metnor slides on FY profits warning

London shares open lower; caution ahead of US jobs data; British Airways falls

STOCKWATCH BAT shares lower; Dresdner Kleinwort cuts to 'hold'

UK smallcap opening - Medic Vision up on update

UK smallcap opening - Leadcom rallies in wake of yesterday\'s warning

London shares open lower; caution ahead of US jobs data; BSkyB falls UPDATEUK smallcap opening - Gold Oil resumes trading after Minmet deal termination

STOCKWATCH British Airways down post H1; reiterated as \'hold\' at Deutsche Bank

Metals - LME inventory data (Friday)

BROKERWATCH AstraZeneca CORONA study 'unlikely to be positive' - Bear Sterns

UK small caps open sharply lower; Metnor slides on FY profits warning

STOCKWATCH BSkyB Q1 profit slump disappoints market despite good key indicators

OUTLOOK InterContinental Hotels investors weigh cost of two dollar pound

STOCKWATCH Barclays down on fresh sub-prime fears, talk of BoE bailout

WALL STREET OUTLOOK Little changed ahead of October jobs report

Metals - Base metals extend falls amid ongoing stock increases

London shares - midmorning features

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

Metals - Gold climbs back above 790 usd as dollar drops, oil recovers

OUTLOOK Bayer Q3 opg seen rising 6 pct on higher drug, pesticides revenueMetals - Gold climbs back above 790 usd as dollar drops, oil recovers UPDATEUK small caps stay sharply down at midday; Metnor still top loser on FY woesLondon shares - midday featuresUS futures edge lower ahead of data

OUTLOOK Rentokil Q3 revenue seen up 20 pct, restructuring steaming ahead

Amsterdam shares down midday as US futures point to negative Wall St; Fortis off

Midday Market Roundup

OUTLOOK BoE set to keep rates at 5.75 pct as UK economic growth remains firm

OUTLOOK AstraZeneca CORONA study outcome not likely to be positiveSTOCKWATCH Fortis lower amid talk it is seeking emergency funding at BoE

OUTLOOK BoE set to keep rates at 5.75 pct as UK economic growth remains firmPrecious Metals Summary - London AM Fixings

BROKERWATCH Barclays fall on liquidity fears dismissed by Merrill Lynch

OUTLOOK BT Q2 seen solid; reorganisation in focus

STOCKWATCH Fortis lower on subprime, UBS note; BoE bailout claim scorned UPDATE

Metals - Gold higher in London; hovers near 800 usd mark

OUTLOOK - UK companies results for 2 weeks to Nov 16

Metals - Copper edges higher after stronger-than-expected US payrolls data

OUTLOOK Siemens Q4 results determined by VDO-sale, all eyes on company structure

London shares - midafternoon features

OUTLOOK US subprime fallout in focus at Yell Group's H1

Precious Metals Summary - London PM Fixings

OUTLOOK International Power 9 mth pretax up on strong European performance

OUTLOOK 3i expected to report 24 pct rise in H1 NAV

OUTLOOK - UK companies results for 2 weeks to Nov 16 UPDATE

OUTLOOK BoE to keep rates at 5.75 pct as UK economic growth remains firm UPDATETFN economic and business calendar to Friday Nov 16

OUTLOOK Swiss Re Q3 seen strong from absence of large damage claims

End-of-day Market Roundup

OUTLOOK BoE to keep rates at 5.75 pct as UK economic growth remains firm UPDATE

UK small caps close near to session low; Eicom slumps after share placing

Friday's market reports:

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

Meredith Whitney, the analyst who prompted a $369 billion (£177 billion) plunge in the value of US shares on Thursday by issuing a negative note on Citigroup, hit out at Wall Street’s culture of intimidation yesterday after receiving several death threats from investors in the bank.

Top US analyst hits back after death threats over Citigroup downgrade

As expected, the US Federal Reserve lowered interest rates to 4.5 per cent on Wednesday. But the Fed then pulled a surprise, stressing that with America's inflation risk "on the upside", rates wouldn't be lowered again. Having slashed borrowing costs twice in the wake of this summer's sub-prime debacle – a 50 basis point reduction in September, and last week's 25 point cut – the Fed was trying to regain its composure. Having bailed out Wall Street to the tune of tens of billions of dollars – again – the Fed wanted to rebuild the façade of independent central banking. But no one was convinced. Of course the Fed will cut rates again.

Fed will have to cut rates again

Investors and stock market traders are bracing themselves for another roller coaster week, as concerns about further banking turmoil, high oil prices and the weak dollar persist.

City sentiment 'still very fragile'

Beleaguered investment bank Bear Stearns has moved to liquidate one of the feeder hedge funds that invested in its collapsed High-Grade Enhanced Leverage (Hegel) fund in an attempt to fend off a potential investor revolt.

Bear Sterns moves to fend off investor revolt

After the deluge . . . what, exactly? Members of the Bank of England’s Monetary Policy Committee (MPC) are still very unsure. More than a month on from the unravelling of Northern Rock, and with money markets no longer in a state of permanent seizure, it ought to be easier for the MPC to make its decision on interest rates at its two-day meeting this week. But the signals are mixed and the outlook remains cloudy. There are plenty of reasons for the MPC to cut rates, but the deflationary international climate has passed and it is not as easy to cut rates as it was a few years back.

A rate cut must come but in troubled times it won’t be this side of Christmas

Shares in PetroChina, the largest oil and gas producer in China, will list in Shanghai today and are expected to double their initial public offering (IPO) price of 16.70 yuan (£1.07).

PetroChina shares could double in Shanghai IPO

The value of mainland China’s public offerings for this year hit a record $61bn (€42bn, £29bn) as PetroChina debuted in Shanghai, leaving New York, London and Hong Kong trailing in its wake. PetroChina shares nearly tripled as trading started in Shanghai Monday of the oil company which raised $8.9bn in mainland China’s largest initial public offering this year.

Petrochina gusher for Chinese IPO market