Hello traders!

In the US tonight, approaching the final close, the Dow was up 108.28 points at
12,348.29, while the S&P500 was ahead 6.35 points at 1,345.48. The Nasdaq
Composite was off 4.06 points at 2,316.00.

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

G.

Morning all. Market reports:

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

Billionaire investor Warren Buffett is throwing beleaguered bond insurers an $800bn (408bn) life-line in a bid to prevent further fall-out from the US sub-prime mortgage crisis.
Warren Buffett in $800bn bond bail-out

Defaults in the US housing market are spreading from sub-prime to the much larger stock of top-grade housing debt, threatening to set off a wave of even bigger losses for banks and investment funds.
US credit crisis escalates as defaults spread

Big discounts in the January sales kept a lid on inflation but economists warned that prices are set to rise sharply in coming months as rising food, energy and utility bills continue to ratchet up the cost of living.
Discounts check inflation but prices 'to soar'

Rising inflation has put the possibility of further interest-rate cuts in doubt, offering little relief for homeowners struggling to pay their mortgages.
Hopes of rate cut are dashed by inflation rise

The downturn in the UK housing market is gathering pace with the number of estate agents reporting falls in the price of housing reaching its highest level for over 10 years.
Most estate agents report price falls

India's flagship Sensex index is feeling the effects of sub-prime, losing more than one-fifth of its value since January.
Indian investors are left to nurse sore heads

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK Liberty International set to reveal lower NAV as valuations declineOUTLOOK British Energy 9 mth EBITDA seen down, eyes on possible nuclear partnersOUTLOOK Reckitt Benckiser FY overshadowed by concerns over consumer outlookOUTLOOK Bradford & Bingley FY profit seen 3.3 pct higherAustralian shares close lower, dragged down by banks - UPDATETFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stocks mostly higher

Good morning traders!

In Asia today, the Nikkei closed up 46.34 points at 13,068.30, while the Hang Seng
was up 433.11 points at 23,354.78 at the midpoint.

Happy trading!

G.

TFN UK calendar and forecasts for today

London shares outlook - lower, ahead of BoE inflation report, earnings news

BROKERWATCH Wolseley cut to 'underweight' vs 'equal-weight' at Morgan Stanley

BROKERWATCH HSBC upgraded to 'buy' from 'neutral' by UBS, target 840p vs 890

The Wednesday Press Roundup

Thomson Financial UK at a glance share guide

BROKERWATCH Lonmin upped to 'neutral' by Goldman Sachs; price target 3,600 pence

UK smallcap opening - Formjet climbs on M&S partnership

STOCKWATCH Rio Tinto down after in-line results; Landsbanki reiterates 'hold'

UK smallcap opening - Vero Software rises on upbeat trading statement

London shares open lower; caution ahead of BoE inflation report; banks lower

UK smallcap opening - Nighthawk Energy firms on Cisco Springs land acquisition

UK smallcap opening - Lipoxen up on US patent grant

STOCKWATCH Bradford & Bingley down on impairment charge; Cazenove 'underperform'

STOCKWATCH British Energy lower as profit falls; Merrill Lynch keeps 'sell'STOCKWATCH Liberty Intl down with sector; NAV in line with market estimatesUK smallcap opening - Trifast slides on static FY profits warning

BROKERWATCH Nationwide Accident Repair Services started 'buy' at Daniel Stewart

UK smallcap opening - Matra Petroleum runs back on well suspension

STOCKWATCH InterContinental Hotels lower; Deutsche Bank slashes target by 28 pctLondon shares open lower; await BoE inflation report; banks lower UPDATE

STOCKWATCH Reckitt Benckiser down as in-line FY numbers meet with disappointmentUK small caps open lower with Matra Petroleum hard hit on well suspension

BROKERWATCH BAT target price upped to 2,050p at Credit Suisse; kept 'outperform'

BROKERWATCH Umeco upgraded to 'buy' by Arbuthnot & Dresdner on upbeat statement

STOCKWATCH British Energy recovers as investors look to long term prospects

Metals - Gold consolidates near 900 usd mark on falling physical demand

STOCKWATCH British Energy recovers as investors look to long term prospects

STOCKWATCH Rio Tinto up as FY hits top end of consensus, supporting bid rebuffMetals - Base metals ease across complex due to subdued Chinese buyingMetals - Gold consolidates near 900 usd mark on falling physical demand UPDATE

STOCKWATCH Rolls Royce down as Exane BNP Paribas downgrades to 'neutral'

Metals - Base metals ease across complex due to subdued Chinese buying UPDATE

London shares - mid-morning features

STOCKWATCH Bradford & Bingley stays low; Bear Stearns keeps 'underperform'

WALL STREET OUTLOOK Higher open seen, helped by Applied Materials earnings

FOCUS Silverjet to battle on despite increased competition, Reubens stake snub

STOCKWATCH Pearson gains as Merrill Lynch notes Buffett bonds offer, keeps 'buy'

London shares - midday features

Midday Market Roundup

UK small caps off midday; Carnegie down as Gambian govt cancels mining licence

Precious Metals Summary - London AM Fixings

Metals - Copper continues lower on muted Chinese buyingMetals - Gold steady near 900 usd/oz as investors weigh slower physical demand

London shares - midafternoon features

PHTM 30 - 30.25p +4p

Selected last week on the "UPS" is having a couple of good days, as ex directors are adding to there stake.

TAKE OVER!    TAKE OVER!    TAKE OVER!

All the signs are there for that to happen now, when is another thing

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Wednesday Feb 27

End-of-day Market Roundup