Hello traders!

In the US tonight, the Dow Jones Industrial Average gained 191 points at 14,087,
a new record close. The blue-chip average earlier hit an intraday record high of
14,115.

The S&P 500 rose 20.29 to close at 1,547, while the Nasdaq Composite gained
1.5% to close at 2,741.

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

G.

Morning all. Market reports:

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

British lenders are shunning the Bank of England and turning instead to the European Central Bank on a massive scale, taking advantage of much lower interest rates and guaranteed anonymity to weather the credit crunch.

British banks gorge on ECB's cheap credit

As Citigroup blames 'severe dislocation in the market', some are just glad the damage is out in the open, writes James Quinn.

Is the worst over, or just starting?

Two of the worlds biggest banks announced a $10 billion (4.8 billion) reversal in their fortunes yesterday as they gave warning of massive hits to their third-quarter results.

Two bank giants braced for $10bn hit from world turmoil

More strong signals have emerged that the credit crisis is making its presence felt outside the City and financial services, and is helping to slow down the "real economy".

Credit contagion spreads to manufacturing confidence

The president of the European Central Bank, Jean-Claude Trichet, and the former chairman of the US Federal Reserve, Alan Greenspan, both warned yesterday that the global economy may take considerable time to recover from the international credit crisis.

Trichet and Greenspan say global economy will take time to recover take time to recover

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Shanghai is closed this week.

Good morning traders!

In Asia today, the Nikkei was recently up 187.42 points at 17,033.38, while the
Hang Seng was 77.32 points better at 27,412.47.

Crude-oil prices fell as much as 5 cents to $79.23 per barrel in Asian business
hours. The December crude-oil contract ended $1.66 lower Monday in New York.

Happy trading!

G.

OUTLOOK Tesco H1 margin improvement to offset slowdown in UK sales growthTFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stocks firm; oil mixed

TFN UK calendar and forecasts for today

The Tuesday Press Roundup

London shares outlook - up, after record close for Dow; Tesco takes centre stage

Thomson Financial UK at a glance share guide

Tokyo shares close higher on fading credit fears; Nikkei above 17,000 points

BROKERWATCH HSBC shuffles UK retailers; Kingfisher upgraded to 'overweight'Australian shares close higher, index at record high led by BHP, Rio Tinto

UK smallcap opening - Subsea advances on approaches

UK smallcap opening - Christian Salvesen up on agreed Norbert Dentressangle bid

UK smallcap opening - Eleco up as FY opg profits rise 36 pct

STOCKWATCH Tesco firmer after H1 numbers, Cazenove re-iterates 'outperform'STOCKWATCH Fast Search & Transfer up on fourth contract win in two days

UK smallcap opening - NXT firms on co-founder buy-back talkTokyo shares close higher on fading credit fears; Nikkei above 17,000 - UPDATEAustralian shares close higher, index at record led by BHP - UPDATE

UK smallcap opening - Abacus higher on in-line updateLondon shares open higher after Dow reaches record; Tesco up after results

UK smallcap opening - Mediasurface slides on FY losses warning

UK smallcap opening - I-Mate retreats after pre-close update

BROKERWATCH Debenhams upped to 'outperform' by Seymour Pierce in clothing reviewMetals - Gold down as traders lock profits after record highs yesterday