Hello traders!

In the US tonight, the Dow Jones Industrial Average was off 16.7 points at
13,291.7, while the S&P500 was up 0.07 points at 1,471.56 and the Nasdaq
Composite ended 5.4 points off, at 2,592.07.

Crude oil topped $80 a barrel.

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

G.

Morning all. Market reports:

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

The pound dropped after the Bank of England's Governor indicated that he may cut rates if the financial crisis heightens, but ruled out pumping cheap money into the system.

Bank Governor hints at rate cut if crisis deepens

The Bank of Englands Governor yesterday set his face firmly against taking action to bail out banks struggling with mounting strains on lending conditions triggered by the worldwide credit crunch.

Governor stands firm on refusing to bail out banks over their risky behaviour

Fears that the credit crisis has spilled over into the housing market will be heightened by the publication today of a report suggesting house prices were falling for the first time in two years.

House prices are 'starting to fall'

The US will pay an economic penalty for the financial turmoil of the past few weeks but growth will continue to be healthy and there is no prospect of an early recession, Henry Paulson, the US Treasury Secretary, told The Times yesterday.

US will suffer but growth will hold up, says Treasury chief

Taylor Wimpey, Tullow Oil and Carphone Warehouse will move to the index of the largest UK listed companies by market capitalisation following a quarterly review, the FTSE said yesterday. Dropping out of the top tier are water company Kelda Group, energy generator Drax Group, and Segro, formerly Slough Estates.

Building, oil and mobiles make it to FTSE 100

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Thomson Financial Europe AM at a glance share guide: Shares, oil trade mixed

TFN economic and business calendar

Good morning traders!

In Asia today, the Hang Seng ended the morning up 27.36 points at 24,337.50,
while the Nikkei was recently up 28.49 points at 15,826.09.

Crude oil for October delivery fell as much as 23 cents to $79.68 a barrel
Thursday. The contract finished $1.68 higher at $79.91 on the New York
Mercantile Exchange Wednesday, after climbing to $80.05 a barrel earlier in the
regular trading session.

Happy trading!

G.

TFN UK calendar and forecasts for today

London shares outlook - lower after Dow dips on oil surge and rate uncertainty

The Thursday Press Roundup

Thomson Financial UK at a glance share guide

STOCKWATCH Bayer seen boosted by FDA panel vote in favour of TrasylolBROKERWATCH Scottish & Newcastle cut to 'neutral' from 'buy' at Merrill LynchTokyo shares close mixed, energy stocks lift Nikkei

BROKERWATCH ITV removed from Goldman Sachs's Conviction Buy list, kept as 'buy'

Australian shares close slightly higher ahead of US rate decision

UK smallcap opening - Global Energy advances on bid approaches

Tokyo shares close mixed, energy stocks lift Nikkei - UPDATE

UK smallcap opening - DRS Data boosted by bumper H1 resultsFTSE opens slightly lower

Australian shares close slightly higher ahead of US rate decision - UPDATE

UK smallcap opening - IndigoVision up as FY profits more than doubleLondon shares open lower, 80 usd crude oil, rate uncertainty knock confidenceLondon shares open lower, 80 usd crude oil, rate uncertainty knock confidence

UK smallcap opening - Fortune Oil ticks up LNG production doubles at JV plant

UK smallcap opening - Image Scan plunges on FY net losses warning