Hello traders!

In the US tonight, the DJIA was up 135.16 points at 11,602.5, while the S&P500
gained 17 points at 1,277 and the Nasdaq Composite declined 4.68 points to
2,274.85.

See you tomorrow with the latest......

G.

Good morning traders!

In Asia today, the Hang Seng ended the morning up 475.62 points at 23,003.1,
while the Nikkei was recently up 188.40 points at 13,373.36.

Happy trading!

G.

Morning all. Market reports:

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

Oil prices slipped to their lowest level in six weeks yesterday as traders expressed relief that a tropical storm in the Caribbean looked unlikely to cause significant disruption to production in the Gulf of Mexico.
Oil prices at six-week low as storm fears fade

Voter confidence in the economy has dropped to the lowest level for almost 30 years, a poll suggests. The Ipsos Mori poll found that the "feel-good factor" was lower than it has ever been recorded, and worse than during the bleak days of 1979's "winter of discontent".
'Feel-good factor' is lowest on record

Shares in Dexia and Assured Guaranty fell sharply Tuesday in response to a warning by Moodys that it might cut the triple A credit ratings of their bond insurance operations. Fears of a further round of ratings cuts in the bond insurance sector where the biggest groups Ambac and MBIA have suffered ratings cuts and many smaller groups have junk bond ratings hit the value of US municipal bonds with bond guarantees.
Bond insurers face downgrade

Fannie Mae and Freddie Mac are being subjected to internal audits by American government officials as part of an attempt to assess the financial health of the two US mortgage giants.
Federal Reserve officials examining Fannie Mae and Freddie Mac

City institutions were nursing deeper losses last night after HBOS shares ended 5% below their rights issue price. HBOS shares closed at 261p, down 3.5p on the day but 14p below the 275p at which the bank issued new shares during its fundraising, which closed on Friday.
Underwriters' losses deepen as HBOS shares continue to fall

Morgan Stanley's decision to take a short position in HBOS, whose 4bn rights issue it had underwritten, was cleared by City regulators yesterday. The Financial Services Authority is satisfied that the decision to take the short position was made by the investment bank's trading desk entirely separately from the underwriting department, which had inside information about the performance of the issue.
Morgan Stanley's shorting of HBOS cleared by FSA

A mortgage lender is offering a discount of 8 per cent to homeowners who repay their mortgage early in a new sign of the turmoil gripping the mortgage market.
Mortgage lender Edeus offers discount to tempt borrowers to pay off loans early

Jon Moulton, one of the best-known figures in private equity, suffered a setback yesterday when a company he invested in just 18 months ago called in the administrators after sales collapsed. Alchemy Partners, a private equity vehicle founded by Mr Moulton, backed the 52 million management buyout of Floors-2-Go, Britain's biggest wood and laminates flooring retailer, in December 2006.
Jon Moulton's Floors-2-Go calls in administrators

Water companies are pressing the Government to give them more powers to tackle unpaid water bills amid fears that bad debt will rise as the economic situation worsens. They want the Government to use the forthcoming Floods and Water Bill to make it easier for companies to pursue customers who refuse to pay their bills. Some in the industry suspect that customers deliberately avoid payment as they know that they cannot be disconnected.
Water groups seek more power over non-payers

Cadogan Petroleum has suspended trading in its shares only five weeks after raising 153m from investors in a London float. The Ukraine-focused oil group, which was brought to the market by investment bank UBS at 230p a share, halted trading at 147p after the validity of its exploration licences was called into question.
Cadogan Petroleum suspends share trading

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

VIX

09:30 UK BoE Minutes of Interest Rate Decision
09:30 UK BBA House Purchase Loans
10:00 EU Industrial New Orders May (MoM consensus -1.3%, YoY 2.1%)
11:00 UK CBI Quarterly Industrial Trends
12:00 US MBA Mortgage Applications
15:35 US DoE Oil Inventories
19:00 US Fed Biege Book

BROKERWATCH Vodafone upped to 'equal-weight' vs 'underweight' at Morgan StanleyLondon shares outlook - higher as NY closes up as oil drops, BoE minutes focusThe Wednesday Press Roundup

Thomson Financial UK at a glance share guide

Tokyo shares close higher on U.S. rebound, weaker yen

BROKERWATCH Standard Life started conviction 'buy' at Goldman Sachs; target 288p

UK smallcap opening - Parity Group higher on training division saleUK smallcap opening - Global Brands rises on trading update

BROKERWATCH Campari upped to 'buy', C&C upped to 'neutral' at Goldman SachsUK smallcap opening - SSP climbs on agreed 190 pence a share H&F Bidco bid

Tokyo shares close higher on U.S. rebound, weaker yen - UPDATE

STOCKWATCH KPN leads gainers on well received Q2 figures

London shares open higher as Wall Street rallies, await BoE minutes

BROKERWATCH Detica cut to 'reduce' from 'hold' at Landsbanki, target 260 penceUK smallcap opening - Nautical Petroleum ticks up on Canamens farm-out dealUK smallcap opening - Seeing Machines advances on FY net profit forecast

UK smallcap opening - Straight savaged after FY profits warning

UK small caps open higher; Seeing Machines up on FY profit prediction

London shares open higher as Wall Street rallies, await BoE minutes UPDATE

London shares - mid-morning features

Metals - Gold plunges on falling oil, hawkish Fed comments