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Traders Thread - Thursday 4th October (TRAD)     

Greystone - 03 Oct 2007 21:19

Greystone - 03 Oct 2007 21:19 - 2 of 48

Hello traders!

In the US tonight, the Dow closed down 79.26 points at 13,968.05, while the
S&P500 was off 7.04 points at 1,539.59 and the Nasdaq Composite finished
19.41 points lower at 2,727.70.

See you in the morning with the latest...

G.

Kyoto - 04 Oct 2007 03:08 - 3 of 48

Morning all. Market reports:

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

Deutsche Bank has become the latest bank to reveal the extent of losses following the US sub-prime collapse. Germany's biggest lender said it would write off 2.2bn (1.5bn) in the third quarter and issued a profits warning.

Meltdown costs Deutsche Bank 2.2bn

Two of Merrill Lynch's most senior bankers have left the firm in the wake of the US sub-prime housing crisis and the subsequent downturn in the global credit markets. Merrill is due to report its third-quarter figures in October and speculation has been rife that the bank could take a massive hit from losses on sub-prime investments and leveraged loans.

Merrill bankers quit over sub-prime woes

Vietnam is planning to cut its purchases of US Treasuries and other dollar bonds, raising fears that Asian central banks with control over two thirds of the world's foreign reserves may soon join the flight from US assets.

Dollar's double blow from Vietnam and Qatar

Kyoto - 04 Oct 2007 03:10 - 4 of 48

NIKKEIAUSTRALIASHANGHAIHANG SENG
t?s=%5EN225t?s=%5EAORDt?s=000001.SSt?s=%5EHSI

Greystone - 04 Oct 2007 06:02 - 5 of 48

Good morning traders!

In Asia today, the Nikkei was recently off 112.36 points at 17,087.53, while the
Hang Seng ended the morning down 402.44 points at 27,077.50.

Crude oil for November delivery declined as much as 26 cents to $79.68 a barrel
from its close at $79.94 a barrel on the New York Mercantile Exchange Wednesday.

Happy trading!

G.

Kyoto - 04 Oct 2007 06:50 - 9 of 48

TFN UK calendar and forecasts for today

Kyoto - 04 Oct 2007 07:18 - 11 of 48

The Thursday Press Roundup
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