Hello traders!

In the US tonight, the Dow was up 8.45 points at 13,052.41 with the S&P500 off
half a point at 1,446.66 and the Nasdaq Composite 8.53 points light at 2,601.10.

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

G.

Good morning traders!

In Asia today, the Hang Seng ended the morning up 623.65 points at 27,510.93,
while the Nikkei ended 616.37 points lower, shedding 4% to 14,691.41 on its first
trading session of the year.

New York's main oil contract, light sweet crude for delivery in February, was 16
cents higher at $99.34 a barrel.

Happy Friday!

G.

BROKERWATCH Halfords cut to 'hold' from 'buy' at Citigroup, target 310p vs 375pBROKERWATCH French banks cut to 'underweight', Nordic banks to 'neutral' at CitiBROKERWATCH Next initiated as 'underperform' at Bear Stearns, fair value 1,450pThomson Financial UK at a glance share guideThe Friday Press Roundup

UK smallcap opening - GoIndustry down on FY profit warning

UK smallcap opening - SimiGon drops on lower FY sales outlookUK smallcap opening - OCZ Tech dips as retail woes offset record revenue hopes

UK smallcap opening - TXO up as CEO buys 250,000 shares in company

BROKERWATCH Munich Re added to Most Preferred List at Merrill Lynch UPDATEBROKERWATCH DSG upped to 'neutral' from 'sell' at Goldman Sachs, target 75 pence

UK smallcap opening - Gresham Computing up as sees much-improved H2UK smallcap opening - Cape climbs as FY results seen ahead of expectations

FTSE opens modestly higherUK smallcap opening - Capital Ideas up on profit boost from Primary Water exit

BROKERWATCH TomTom target cut to 43 eur vs 53 at Dresdner; stays 'reduce'

STOCKWATCH Cairn Energy top faller on abandoned well blow; KBC Peel Hunt 'hold'UK small caps open slightly up; TXO gains as CEO snaps up 250,000 shares in co

OUTLOOK Marks & Spencer seen reporting solid Christmas

STOCKWATCH Xstrata up on bid rumours; analyst say deal could take a yearMetals - Gold edges off historic highs but outlook remains upbeat

Metals - Gold edges off historic highs but outlook remains upbeat - UPDATEMetals - Copper rises after strong Asian session as stocks fall

London shares - midmorning featuresMetals - Copper rises after strong Asian session as stocks fall UPDATE

STOCKWATCH Carphone Warehouse soars on iPhone sales talk, bid speculation UPDATE

WALL STREET OUTLOOK Higher ahead of jobs report; Bed Bath & Beyond in focus

US futures higher ahead of payroll dataThomson Financial News at a glance - Today's UK, European broker recommendations

OUTLOOK Sainsbury Q3 update to show acceleration in like-for-like sales growthLondon shares - midday featuresUK small caps firmer midday, Nestor Healthcare surges on takeover news

Midday Market Roundup

Precious Metals Summary - London AM Fixings

OUTLOOK William Hill expected to update on CEO search alongside trading update

Metals - Gold climbs back towards historic highs as dollar falls on weak US data

Metals - Copper retreats as US jobs data comes in weaker than expected

FOCUS Santander has financial muscle to buy A&L, but won't do so at any price

Metals - Gold climbs back towards historic highs but then retreats

London shares - midafternoon features

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Friday Jan 18

End-of-day Market Roundup

Have a great weekend everybody!

G.

Wall Street
'Their emotions are fried'
The volatility of markets has seen a jump in the numbers of Wall Street traders seeking therapy

Andrew Clark in New York The Guardian, Saturday January 5 2008

http://www.guardian.co.uk/business/2008/jan/05/useconomy.usa

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All eyes on the DOW which closed on 12,800. DOW Theory downtrend confirmation level.IF it does close below, suggests a primary bear market is confirmed.