Hi traders!

In the US tonight, the DJIA was down 139.88 points at 11,642.47 with the
S&P500 off 15.73 points at 1,289.59 and the Nasdaq Composite 9.34 points
lower at 2,430.61.

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

G.

Good morning traders!

In Asia today, the Nikkei was down 297.02 points at 13,006.58 at the midpoint,
while the Hang Seng was down 241.74 points at 21,399.15.

US crude oil inched up 9 cents to $113.10 a barrel.

Happy trading!

G.

Morning all. Market reports:

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

JP Morgan Chase and Goldman Sachs, the two Wall Street banks seen as least affected by the credit crisis, suffered setbacks yesterday. JP Morgan admitted it took a $1.5bn (750m) writedown on mortgage-backed assets in July, raising questions about its financial performance in the third quarter. Goldman Sachs was hit by a number of profit downgrades, from leading banking analysts Meredith Whitney and Mike Mayo, on fears that the investment bank could be heading for one of its worst quarters since going public in 1999.
Wall Street banks suffer setbacks

The US trade deficit unexpectedly narrowed in June as a weak dollar led to a jump in exports which in turn offset the cost of record imports of oil. The deficit in international trade of goods and services fell 4.1pc to $56.8bn (29.9bn), down from a revised $59.2bn in May, as US exports grew the most in almost four-and-a-half years.
US trade deficit narrows as exports jump

Interest rates have fallen below the cost of living for the first time in 27 years. Retail price index inflation (RPI) - the most comprehensive measure of living costs - rose to 5pc last month, according to the Office for National Statistics.
UK inflation exceeds Bank interest rate for first time since 1981

Measures to revive the dormant housing market by increasing the supply of mortgage lending are being planned by ministers, The Times has learnt. Alistair Darling is poised to intervene to help banks and building societies to secure more finance to grant new mortgages.
Alistair Darling scrambles to end mortgage drought

Japan's economy shrank last quarter, leaving the country on the edge of its first recession in six years, as exports tumbled and shoppers spent less.
Japanese recession looms as economy shrinks

Metals prices tumbled yesterday, leading a broad-based sell-off across commodities markets, as fears of a global economic slowdown and the resurgence in the dollar vexed investors.
Metals prices dive as dollar rallies

A US Coast Guard cutter will depart for the Arctic this week as part of a race against Russia to claim the vast spoils of oil and natural gas below the sea floor that both nations are scrambling to exploit.
Arctic cold war as US sends a ship to claim riches under the ocean

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

London shares outlook - down as NY closes weaker, ahead of inflation report

First Day of Dealings

BROKERWATCH Arm Holdings cut to 'neutral' vs 'buy' at UBS, target to 114 pence

BROKERWATCH Friends Provident cut to 'underperform' by Merrill LynchBROKERWATCH DSG International cut to 'underweight' vs 'neutral' at JP Morgan

The Wednesday Press Roundup

Tokyo shares close lower on financial, global economic worries

Thomson Financial UK at a glance share guide

UK smallcap opening - Optare rise on 2.3 million pounds bus order

UK smallcap opening - SPG Media up on news of unsolicited approach

UK smallcap opening - Kurawood plunges on funding talksTokyo shares close lower on financial, global economic worries - UPDATE

London shares open lower; NY closes weaker on JP Morgan losses; banks down

UK smallcap opening - Empyrean Energy up as Kowalik 1H well reaches target depth

UK smallcap opening - Stagecoach Theatre Arts lifted by bumper FY results

UK smallcap opening - Clean Energy Brazil runs back on Usaciga funding needs

UK smallcap opening - Regen Therapeutics dips on placing news

London shares open lower; US closes down on JPMorgan losses; banks fall UPDATE

UK small caps open easier; Kurawood hit by funding needs

BROKERWATCH Renovo initiated as 'sell', 42 pence price target at Piper Jaffray

STOCKWATCH DSG International slides, retailers weak, brokers take cautious view

SIGNS for the last couple days that the FTSE has reached TOP on the INDICATOR Slow stochastic
and now ready for some profit taking after a 400 point rise during the last month

STOCKWATCH DSG International slides, retailers weak, brokers cautious UPDATE

STOCKWATCH British Energy up after better-than-expected Q1; Evolution 'buy'

London shares - mid-morning features

BROKERWATCH Rolls Royce cut to 'hold' from 'buy' at Dresdner Kleinwort

UK small caps flat at midday; Kurawood slumps on financing talks

London shares - midday features

Precious Metals Summary - London AM Fixings

Midday Market Roundup

London shares - midafternoon features

Precious Metals Summary - London PM Fixings

End-of-day Market Roundup