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The Traders Thread - Wednesday 10th September (TRAD)     

Greystone - 09 Sep 2008 21:12

Greystone - 09 Sep 2008 21:12 - 2 of 37

Hello traders!

In the US tonight, the Dow was down 280.01 points at 11,230.73, while the
S&P500 was off 43.28 points at 1,224.51 and the Nasdaq Composite 59.95
points lower at 2,209.81.

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

G.

Greystone - 10 Sep 2008 06:39 - 3 of 37

Good morning traders!

In Asia this morning, the Nikkei was recently down 144.32 points to 12,256.33,
while the Hang Seng ended the morning down 318.16 points at 20,172.95.

US crude for October delivery was up 52 cents at $103.78 a barrel after OPEC
elected to cut production.

Happy trading!

G.

Kyoto - 10 Sep 2008 06:43 - 5 of 37

Morning all. Market reports:

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

Fresh concern about Lehman Brothers ability to raise extra capital and worries about the health of other financial institutions plunged US equity markets into the red as the boost the markets received from the US governments bail-out of Fannie and Freddie all but disintegrated.
Lehman Brothers' shares plunge as concern on Wall Street grows

The US on Tuesday began facing the financial consequences of the bail-out of Fannie Mae and Freddie Mac after Congresss budget watchdog said the operations of the two should sit on the governments books, and the cost of insuring against a US default crept higher, reports the FT. In a statement that seemed to take the Bush administration by surprise, the non-partisan Congressional Budget Office said the government takeover of Fannie and Freddie meant the companies should no longer be regarded as outside the public sector.
Fannie & Freddie to sit on government books

Insurance entrepreneur Clive Cowdery is planning a shake-up of the UK's financial services sector after unveiling plans for a 1bn flotation of investment vehicle Resolution. Mr Cowdery has drafted in John Tiner, the former chief executive of the Financial Services Authority, to head up the new venture, which will focus on consolidation among banks, building societies, asset managers and insurers.
Financil service sector is target of Clive Cowdery flotation plan

Oil prices slumped to below $100 a barrel today ahead of the start of today's Opec meeting in Vienna, putting more pressure on the oil producers' cartel to cut supply to the markets.
Oil falls below $100 a barrel ahead of Opec meeting

BP risks confrontation with another arm of the Russian government after the head of the natural resources ministry warned that the UK oil company must agree a gas field deal with Gazprom by the end of the year.
Russians give BP fresh ultimatum

The London Stock Exchange's seven-hour computer blackout was caused by a software problem rather than a high volume of trading, an investigation has revealed. LSE chief executive Dame Clara Furse recently described its technology as "cutting-edge", after it switched to a faster trading platform, Trad-Elect, running on Microsoft software, in June last year.
Seven-hour LSE blackout caused by double glitch

Kyoto - 10 Sep 2008 06:45 - 6 of 37

NIKKEI 225AUSTRALIA ASX200SHANGHAIHANG SENG
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VIX
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Kyoto - 10 Sep 2008 06:51 - 7 of 37

at200809.gif

Kyoto - 10 Sep 2008 07:30 - 8 of 37

The Wednesday Press Roundup

Kyoto - 10 Sep 2008 07:59 - 9 of 37

PRESS DIGEST - Russia - Sept 9

Kyoto - 10 Sep 2008 08:19 - 11 of 37

PRESS DIGEST - New York Times business news - Sept 10

Kyoto - 10 Sep 2008 08:34 - 12 of 37

Base and Precious Metals Summary

Kyoto - 10 Sep 2008 09:00 - 15 of 37

Asian stock market summary

Kyoto - 10 Sep 2008 09:05 - 16 of 37

STOCKS NEWS EUROPE-UK small caps fall 0.3 pct early
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