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The Traders Thread - Monday 22nd September (TRAD)     

Greystone - 21 Sep 2008 12:32

Greystone - 21 Sep 2008 12:33 - 2 of 33

Greystone - 21 Sep 2008 12:33 - 3 of 33


Greystone - 21 Sep 2008 12:33 - 4 of 33

Greystone - 22 Sep 2008 06:16 - 5 of 33

Good morning traders!

In Asia today, the Nikkei reached midway up 236.04 points at 12,156.9, while the
Hang Seng index ended the morning up 266.58 points at 19,594.31.

US light crude for October delivery fell $0.15 to $104.40 a barrel.

Happy trading!

G.

Kyoto - 22 Sep 2008 06:57 - 7 of 33

Morning all. Friday's market reports:

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

Saturday

The FTSE 100 staged its biggest one day rally on record today after the US Treasury unveiled an unprecedented plan to assume banks' toxic debts and global regulators outlawed the short-selling of financial stocks.
FTSE 100 stages biggest one-day rally in history

US shares extended the biggest two-day rally since 1970 as investors reacted positively to American government plans to buy distressed mortgage assets from banks and bolster money-market funds. There were frantic scenes on the floor of the New York Stock Exchange as two to three times the normal volumes of share changed hands, in part due to a quadruple witching as options expired en masse.
Wall Street extends biggest two-day rally since 1970

The backlash against short-selling stepped up a gear after regulators from the US to Ireland followed the UK's lead by issuing bans on the controversial practise. The US Securities and Exchange Commission followed Britain's Financial Services Authority in outlawing short-selling on financial stocks to try and restore investor confidence.
Short-selling backlash steps up a gear

Many leading hedge funds, including some of the most active short-sellers, have reluctantly accepted the need for emergency measures outlawing aggressive bets on falling bank share prices.
Hedge funds accept curb on activity but warn artifical market is no cure

This year is shaping up to be the worst for the hedge fund industry since 2001 as the lack of finance for riskier investments puts many of the so-called Masters of the Universe out of business.
Hedge funds: Mayfair masters braced for rising tide of liquidations

The short-sellers accused of bringing the global banking industry to its knees have found themselves at the mercy of their victims. The unprecedented gains made by banking stocks left hedge funds with short positions facing large losses, as regulators turned their fire on the sector.
Hedge funds' misery as FSA bans short-selling on 32 firms

The week started with shocking news of a Wall Street giant collapsing - and ended with euphoria and a record market surge. So have the bankers avoided financial catastrophe?
The reckoning - domino effect that reshaped global economy

A new entity reportedly being mulled by US officials to rescue troubled financial institutions has a precedent - the Resolution Trust Corporation (RTC) set up amid the 1980s savings and loans crisis.
US government's 1980s solution to credit crisis

Barclays raised 700m in fresh equity capital yesterday - in a move that will give it one of the strongest balance sheets among British banks. The fundraising is on top of 600m that is to be injected by key shareholders and follows acquisition of the US assets of failed investment bank Lehman Brothers.
Barclays nets 700m in surprise move

A promise by the Chinese government to shore up its faltering stock exchange sent share prices soaring in Shanghai. The benchmark Shanghai Composite Index was up 9.5pc by midday, at 2075.09, with many shares hitting the 10pc daily limit on price increases.
Chinese government pledge to shore up stock market boosts shares

A year is not long in banking. It was only 12 months ago I was discussing the demise of Northern Rock with my fellow graduates over an overpriced beer in Canary Wharf. My career in the financial sector had started with a bang and has just ended with an implosion; Lehman Brothers - the invincible - is going under, and it is taking me down with it.
'There is no money at Lehman, please gather your things and leave'

Sunday

Lawyers are being galvanised on behalf of a raft of hedge funds which claim the financial watchdog has illegitimately extended its powers and caused "wide-spread capital destruction." One said: "The FSA's remit is to maintain orderly markets - the markets were working fine, only the banks were going bust."
Hedge funds plan to sue FSA over short-selling ban

THE US Treasurys $700 billion (380 billion) plan to bail out the banks could undermine the dollar, economists warn. The plan, details of which were unveiled yesterday, will seek congressional approval to raise the total amount the US government can borrow from $10.6 trillion to $11.3 trillion.
Fears of dollar being hit by Washingtons $700bn bailout plan

So, here we are - the start of a new world order. After the tumultuous events of the last fortnight, the global economic landscape will never look the same again.
Financial crisis: Default by the US government is no longer unthinkable

Cracks are opening up in the remarkable political consensus that allowed the US government to promise a solution to the year-old credit crisis, with Wall Street becoming nervous that partisan battles could delay vital plans to clean up banks' toxic balance sheets.
US $1 trillion bailout is under threat from political skirmishes

Politicians on both sides of the Atlantic will be watching the markets anxiously tomorrow, amid fears that the euphoria that greeted Treasury Secretary Hank Paulson's plan to rescue American banks will give way to a renewed slump in the price of shares.
Wall Street worries the crisis is not yet over

The City regulator is involved in secret talks to engineer a takeover of Bradford & Bingley as it seeks a permanent solution to secure the future of the embattled buy-to-let mortgage lender, The Sunday Telegraph has learned.
FSA in talks to find buyer for B&B

Monday

The US government last night urged other countries to follow its model of bailing out stricken banks after Treasury secretary Hank Paulson unveiled an unprecedented $700bn (380bn) rescue plan to prevent a collapse of the financial system.
Financial Crisis: US calls on world to save banking system

HANK Paulson, the US Treasury Secretary, made the rounds of television studios yesterday to keep up political pressure for a $700bn (382bn) bailout of Wall Street, a plan that would effectively turn the federal government into the world's biggest hedge fund and himself into its biggest hedge fund manager.
Paulson wants deal by Friday

Speaking to The Times, Kenneth Rogoff, former chief economist at the International Monetary Fund and now Professor of Economics at Harvard University, also said that the United States was certainly looking at a deeper recession than we were three months ago because the financial system has continued to implode.
Leading economist Kenneth Rogoff says bank rescue opens door for other US industries

The effort to quash short selling gained momentum around the globe Sunday as Australia, Taiwan and the Netherlands announced restrictions to prevent investors from betting that stocks will decline, reports the WSJ.
Short-sale ban spreads around the globe

Last week was the biggest upheaval in the financial markets since the Great Depression and over the weekend the US Government detailed how it planned to end the chaos, proposing a $700bn bailout.
Financial crisis: Dealers doubt market surge will be sustained

The Bank of England has predicted a "worsening outlook for economic growth globally" including the UK - and that was even before last week's global financial chaos. According to the Bank's latest Quarterly Bulletin, out today, the commercial property sector "remained particularly vulnerable", as property values continue to fall and the pace of the decline increases.
Financial crisis: Bank of England predicts further decline

Goldman Sachs and Morgan Stanley have given up their cherished investment banking status to survive the financial turmoil that the US government is tackling with a $700bn (400bn) bailout plan. The Federal Reserve approved the two bank's transformation into bank holding companies regulated by the central bank, effectively ending Wall Street's investment banking model and subjecting the two to much tighter regulation.
Goldman Sachs and Morgan Stanley give up investment bank status

Lloyds TSB's takeover of HBOS could be "gazumped" by rival bidders after they realise the deal is a bargain, a former Bank of Scotland governor has claimed. Sir Peter Burt said yesterday that a bank with HBOS's track record and financial strength would "usually" attract other companies.
HBOS bidding rivals may gazump Lloyds TSB

A leading fund management group is believed to have sparked an investigation into insider dealing in HBOS shares immediately before last week's takeover plan. Standard Life Investments said yesterday that the news that the bank was being bought by rival Lloyds "came out inappropriately".
Standard Life call for HBOS insider trading probe

The Financial Services Authority is scrutinising dramatic share price movements in a range of stocks during last week's unprecedented activity that resulted in the Lloyds TSB deal to take over HBOS.
FSA studies volatile share price movements before HBOS deal

The executives of the German bank that seemingly lost 350m in a failed swap deal with the bankrupt Lehman Brothers may face criminal charges. State-owned KfW, dubbed "Germany's dumbest bank" by the press, transferred the money, amounting to more than 275m, just hours before the troubled American financial institution declared insolvency.
KfW chiefs may face legal action over Lehman Brothers deal

This week the third outside competitor to the London Stock Exchange's near-monopoly in share trading in London will enter the fray. Dealing at the American-owned Nasdaq OMX will begin in a limited way on Friday, to build up over the next few weeks. Eventually the new market will offer trading in about 700 stocks across Europe.
Third outside competitor to London Stock Exchange is ready for launch

Kyoto - 22 Sep 2008 06:59 - 8 of 33

NIKKEI 225AUSTRALIA ASX200SHANGHAIHANG SENG
t?s=%5EN225t?s=%5EAXJOt?s=000001.SSt?s=%5EHSI
VIX
t?s=%5EVIX

Kyoto - 22 Sep 2008 09:18 - 12 of 33

Asian stock market summary

Greystone - 22 Sep 2008 12:23 - 20 of 33

Midday Market Overview

Kyoto - 22 Sep 2008 12:42 - 21 of 33

Precious Metals Summary - London Close

Kyoto - 22 Sep 2008 12:47 - 22 of 33

RPT Precious Metals Summary - London AM Fixings

Kyoto - 22 Sep 2008 13:22 - 24 of 33

STOCKS NEWS EUROPE-UK Small Caps rise 0.3 pct

Kyoto - 22 Sep 2008 15:51 - 28 of 33

Precious Metals Summary - London PM Fixings

Greystone - 22 Sep 2008 16:57 - 33 of 33

End-of-day Market Overview
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