Hello traders!

In the US tonight, after rising more than 150 points, the Dow Jones Industrial
Average finished down 46 points to 12,110.

The S&P 500 fell 11 points, or 0.9%, to 1,308, while the Nasdaq Composite lost 11
points to 2,243.

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

G.

A friend of a friend of a friend brought up the prospect of NNG this evening. So far, I've looked at the charts, fundamentals (which look shocking) and holdings, and have seen nothing which lights my fire. Anyone out there with more than 6 months experience let me know if this is even worth a punt please??

Morning all. Market reports:

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

Global stock markets may have cheered the US Federal Reserve yesterday, but on Wall Street the Fed's unprecedented move to pump $280 billion (140 billion) into global markets was seen as a sure sign that at least one financial institution was struggling to survive. The name on most people's lips was Bear Stearns.
Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble

Several hedge funds with assets of more than $4 billion (2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease Americas deteriorating credit crisis with a $200 billion collateral lending facility.
Hedge funds on the brink as US Federal Reserve cash fails to ease crisis

Alistair Darling's footling initiatives yesterday were a sideshow. There is one overwhelming challenge facing the business world and it is not going to be addressed by 10 million more for science teachers or 12 million for women entrepreneurs.
Alistair Darling ignores the looming collapse of financial institutions

Mortgage lenders HBOS and Bradford & Bingley are overhauling their executive remuneration schemes to protect directors' bonuses as their growth prospects worsen amid the credit crunch. Directors at both banks also saw their pay shoot up despite falling profits and tumbling share prices.
HBOS and B&B act to 'protect' bonuses

The crisis at SociGale deepened yesterday as police raided the French bank and arrested a second trader in connection with the 4.9 billion (3.75 billion) losses run up by the rogue trader Je Kerviel.
SocGen plight worsens as second trader questioned on rogue losses

The price of oil soared to a new record level above $110 (54) a barrel yesterday, oblivious to news that stockpiles of crude in the US were higher than expected.
Weak dollar causes oil to surge past $110

Despite the assurances about the resilience of the UK economy and its relatively healthy performance by comparison with other large industrialised nations, there was no room for doubt in what the Chancellor told the nation yesterday: we are set for lower growth, higher inflation and a worse trade balance than was thought possible even six months ago.
These are the economy's darkest days since New Labour came to power

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Nikkei ended down 427.69 points at 12,433.44, while the Hang
Seng closed the morning down 715.47 points at 22,707.29.

New York's main oil contract, light sweet crude for April delivery, was at $109.76
per barrel, off 16 cents from its record closing high of $109.92 in US trading hours
Wednesday.

Happy trading!

G.

BROKERWATCH EADS cut to 'equalweight' from 'overweight' by Morgan StanleyBROKERWATCH AstraZeneca upgraded to 'neutral' but with short-term 'sell' at UBS*HOME RETAIL GROUP SEES 2008 SALES GROWTH RESTRICTED BY CONSUMER OUTLOOK

STOCKWATCH Morrison seen lifted by strong FY, capital return

BROKERWATCH Wolseley downgraded to 'sell' at Goldman Sachs and ABN AmroUK smallcap opening - Eirx Therapeutics slides on facility closure newsTokyo shares close sharply lower on yen's rise, more credit woes - UPDATE

UK smallcap opening - Image Scan falls as contract talks continue

UK smallcap opening - Clearstream Technologies gains on loan facility increase

UK smallcap opening - Ecosecurities Group tumbles on widened FY loss

BROKERWATCH Centrica, Scottish&Southern to benefit from Budget - Morgan StanleyUK smallcap opening - Horizon Technology Group up on future confidence

UK smallcap opening - Pittards drops on slip to FY loss and short-term caution

STOCKWATCH Home Retail falls post Q4 trading update, cautious outlook

London shares open sharply lower after late Wall Street slide; Kazakhmys slumps

BROKERWATCH Nokia, ARM, SAP Merrill's 'most preferred' European tech stocks

UK small caps open lower; Eirx Therapeutics drops on facility closure news

Metals - Gold eyes record as high oil, weak dollar spark new round of investmentLondon shares open sharply lower after US slide; Kazakhmys falls UPDATE

STOCKWATCH Kazakhmys, ENRC shares down after no decision on business comboMetals - Copper edges lower amid renewed weakness in global equities

WALL STREET OUTLOOK Lower open seen on dollar weakness, retail sales jittersMetals - Gold up as weak dollar, high oil spark new round of investment UPDATE

STOCKWATCH Morrison falls with weak wider market after strong FY, capital return

Metals - Copper edges lower amid renewed weakness in global equities UPDATELondon shares - midmorning features

STOCKWATCH Horizon soars on takeover approach

One for the "UPS" ......

"UPS" (Added by Master RSI on Thu 13 Mar 11:12 am)
JSP - Mid 7.05p

Reason - Ready for the move up as the L2 is strong and buyers appeared today, after reaching lows yesterday. Indicators at oversold.

STOCKWATCH Home Retail Group shares lower after trading update

Metals - Gold hits record on weak dollar, high oil; heads to 1,000 usd/oz

London shares - midday features

OUTLOOK Wolseley to report lower H1 results on weakening construction markets

Midday Market Roundup

UK small caps down at midday; Eirx suffers on closures and streamlining

Precious Metals Summary - London AM Fixings

Metals - Tin hits historic 20,000 usd a tonne level

Metals - Gold hits record as bad US data keeps dollar low, 1,000 usd in sight

Metals - Tin hits historic 20,000 usd a tonne level UPDATE

London shares - midafternoon features

Don't know if anyone is interested, but I have just been informed by HBOS that from midnight on Saturday they are pulling out of subprime lending to all self certification cases and to full status cases where the proceeds are for the purpose of debt consolidation.

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Thursday March 27

End-of-day Market Roundup