Hello traders!

In the US tonight, the Dow fell 38.27 points to end at 12,269.08, while the S&P500
gained 0.11 points to 1,360.14 and the Nasdaq Composite climbed 20.28 points to
end at 2,474.78.

See you tomorrow with the latest......

G.

Good morning traders!

In Asia today, the Hang Seng index ended the morning down 1.14 points at
23,028.55, while the Nikkei was recently up 28.91 points at 14,383.28.

The main New York oil futures contract, light sweet crude for July delivery,
dropped 14 cents to $134.47 per barrel. It hit a record $139.89 earlier.

Happy trading!

G.

Thomson Financial Europe AM at a glance share guide: Stocks mixed, oil risesTFN economic and business calendar

Morning all. Market reports:

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

The clash between the European Central Bank and the US Federal Reserve over monetary strategy is causing serious strains in the global financial system and could lead to a replay of Europe's exchange rate crisis in the 1990s, a team of bankers has warned.
Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve

Barclays engaged in a lobbying campaign in recent weeks to try to persuade the Government to relax pre-emption rights, which give existing shareholders first refusal on new shares and are seen by many in the UK as a cornerstone of capitalism.
Barclays campaigns to ease rules governing rights issues

Two former Bear Stearns bankers could face criminal charges over the spectacular $6bn (3bn) collapse of two hedge funds last July.
Bankers may be charged over funds' collapse

The credit crunch tightened its grip on families last night as two big mortgage lenders raised their rates or withdrew deals, the price of oil hit another record and figures showed that new housebuilding projects are about to fall to their lowest level since the Second World War.
Families in a fix as the crunch gets worse

The troubled Wall Street bank Lehman Brothers is preparing for a 28% fall in British house prices in one of the gloomiest scenarios outlined about the impact of the credit crunch on the property market. The bank is struggling to convince its clients that it has taken the most conservative possible approach to the value of its property-related assets.
Lehman Bros braced for 28% drop in British property prices

Yesterday Alistair Darling announced that the Treasury intends to set up a number of working groups to analyse such controversial City issues.
Short-selling changes could be first of many in the City, says Darling

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

TFN UK calendar and forecasts for today

09:30 UK CPI May (MoM consensus 0.4%, YoY 3.2%, Core YoY 1.5%)
09:30 UK RPI May (MoM consensus 0.4%, YoY 4.2%)
10:00 EU Zew Economic Sentiment Survey June
13:30 US PPI May (MoM consensus 1%, YoY 6.8%)
13:30 US Current Account Balance Q1 (consensus -$172.5B)
13:30 US Housing Starts May (consensus 980K)
13:30 US Building Permits May (consensus 960K)
14:15 US Industrial Production May (consensus 0.1%)
14:15 US Capacity Utilization May (consensus 79.7%)
22:00 US ABC Consumer Confidence (consenus -45)

BROKERWATCH WPP, Yell downgraded at Morgan Stanley, sector cut to 'in-line'London shares outlook - little changed after mixed Wall Street, Asian markets

Thomson Financial UK at a glance share guide

Tokyo shares close flat; some banks gain after Lehman earnings

Australian shares close higher as banks recover, BHP gains

BROKERWATCH UK banking sector targets cut in HSBC reviewUK smallcap opening - EG Solutions edges up on AGM statement

UK smallcap opening - Premium Bars slides on FY profits warning

Tokyo shares close flat; some banks gain after Lehman earnings - UPDATEUK smallcap opening - Maghreb Minerals firsm on Bon Jabeur scoping study

BROKERWATCH Home Retail Group upgraded to 'buy' at Investec; target up to 277pLondon shares open higher; Whitbread top riser after update, commodities gain

UK smallcap opening - ILX lifted by FY results & upbeat statement

STOCKWATCH Focus Solutions soars 13 percent on bumper FY profits

RPT UK smallcap opening - Maghreb Minerals firms on Bon Jabeur scoping study

UK smallcap opening - Ceres Power rises ahead of progress report

UK smallcap opening - Optimisa higher as chairman ups stake

London shares open up; Whitbread rallies after update; miners, banks gain UPDATE

UK smallcap opening - Raymarine sinks after FY profits warning

UK small caps open higher; Global Gaming up on acquisition hopes

Metals - Gold higher on rampant inflation fears, dollar weakness

Metals - Copper steady after 2 and a half week high; dollar weakness supports

London shares - mid-morning features

BROKERWATCH RBS upped to 'add', Barclays to 'hold' at Dresdner Kleinwort

UK small caps on session high at midday; Global Gaming up on acquisition hopes

Precious Metals Summary - London AM Fixings

London shares - midday features

London shares - midafternoon features

Precious Metals Summary - London PM Fixings

End-of-day Market Roundup

UK small caps close up; Hill Station up on finance facility, loan stock boost