Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
The Guardian
The Independent
This is Money
World oil prices hit a new high yesterday above $99 a barrel, but just failed to break through the key $100 level. In another frantic day of trading, dealers pushed US light crude futures to a fresh peak of $99.29 a barrel, less than $2 below their record high, in inflation-adjusted terms, reached in 1980 after the Iranian revolution.
Oil hovers just below $100, as US settles in for Thanksgiving
The credit crunch continued to take its toll on the financial world yesterday as two French banks were forced to buy out a monoline bond insurer and concerns reverberated about the unprecedented shutdown of the $2.8trn (1.4trn) covered-bond market.
Banks bail out insurer as credit crunch bites
Rachel Lomax, the deputy governor of the Bank of England for Monetary Policy, said last night there are "signs" that credit conditions facing both firms and households have already tightened and may tighten further, in an indication that policymakers are growing worried by the possibility of a housing crash.
Bank of England worried over economic slowdown