Hello traders!

A mixed picture in the US tonight saw the DJIA down 6.81 points at 8,498, while
the S&P500 dipped 1.26 points at 910.71 and the Nasdaq Composite rose 11.88
points at 1,808.

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

G.

Good morning traders!

In Asia today, the Nikkei was recently down 185.52 points at 9,655.33, while the
Hang Seng headed for the midday break down 350.35 points at 17,734.25.

Crude oil traded at $71 a barrel on Nymex.

Good hunting!

G.

Morning all. Market reports:

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

President Barack Obama on Wednesday proposed one of the biggest regulatory revamps of the US business environment since the 1930s.
US face sweeping regulatory revamp

U.S. lenders slid after Standard & Poors reduced its credit ratings on 18 banks, including Wells Fargo & Co., Capital One Financial Corp. and KeyCorp, citing tighter regulation and increased market volatility. Keycorp dropped 7.8 percent.
U.S. Banks Slide After S&P Rating Cuts on Regulation

China has issued a Buy Chinese order as part of its 400bn government stimulus package in a move that could fuel tensions between Beijing and Washington over claims of trade protectionism during the current financial crisis.
Beijing's 'buy Chinese' decree risks protectionism row with US

The Bank Of England is sceptical about the so-called "recovery" in the economy it emerged today as minutes of its June meeting showed it was united on a decision to keep rates on hold.
Bank pours cold water on economic recovery

The Governor of the Bank of England put himself on a collision course with the Government and the City again tonight by laying out radical plans for clamping down on banks.
Mervyn King presses his case to limit size of banks

The best response I've heard to the efficient markets theory that has dominated thinking about investment for 30 years or more is a joke. Two men walking down a street spot a 20 note on the pavement. One, an economics professor, says to the other: "don't bother to pick it up if it were really a 20 note it wouldn't be there".
Investors are finally seeing the nonsense in the efficient market theory

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

Morning!

ABF Jeffries: initiated buy, tp 860
BARC ING: reiterated hold, tp raised to 300 from 275
HOME Morgan Stanley: upgraded to equalweight from underweight
LLOY Macquarie: upgraded to neutral from underperform
RBS Macquarie: downgraded to underperform from neutral
REL Morgan Stanley: downgraded to equalweight from overweight
RIO UBS: reiterated buy
SBRY ING: downgraded to hold from buy, tp cut to 330 from 360
TATE Jeffries: initiated hold, tp 328
XTA Citigroup: upgraded to buy from hold
XTA Morgan Stanley: upgraded to overweight from equalweight

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