This week the Bank of England Monetary Policy Committee meets with analysts split
on what the likely outcome will be. Whilst the majority think the status quo will be
maintained, a growing number seem to think a reduction in repo rate could be on
the cards.

Tesco will be eyed this week with expectations of a reduction in growth rate,
hampered by the poor summer and biting credit restrictions. An update on the
American dream may also be forthcoming as the countdown begins.

The Northern Rock story will rumble on, as more detail emerges about the extent
of the problems there - and the length of time "those in the know" knew something
was amiss.

So, another busy week in prospect.........

Good hunting!

G.

Friday's market reports:

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

Hedge funds are gambling on a fall in Britain's housing market with aggressive short selling of shares in housebuilders, developers and landlords.

Hedge funds bet on fall in house prices

NETBANK, a pioneering internet-based bank, has been shut down by US regulators in the biggest American banking collapse for 14 years.

US bank collapse is largest in 14 years

Cantor Index has launched a market for stocks that have been suspended on the London Stock Exchange, allowing punters to hedge against a dramatic fall in value when things go unexpectedly wrong. Users will be able to bet on where the shares will close on their first full day of trading when they return to the market. If they do not return to market the share price will be taken as zero.

Cantor Index market for suspended LSE shares

The use of “samurai” bond issuance as a source of capital has hit record highs as thirst for liquidity drives banks, corporations and governments to the Japanese debt market.

Samurais come to the rescue of global business as the credit markets dry up

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Hong Kong and Shanghai are closed for China's National Day today.

Good morning traders!

In Japan today, the Nikkei ended the morning up 65.66 points at 16,851.35. The
Hong Kong market is closed for a public holiday.

Crude oil for November delivery eased as much as 7 cents a barrel to $81.59 in
Asian business hours. The front-month energy contract fell $1.22 in New York
trading Friday, capping an 11.4% gain for September.

Happy trading!

G.

TFN economic and business calendar to Friday Oct 12

Thomson Financial Europe AM at a glance share guide: Stocks, oil mixed

TFN UK calendar and forecasts for today

The Monday Press RoundupFirst Day of Dealings on AIMThomson Financial UK at a glance share guide - weekend

*SCOTTISH & SOUTHERN SAYS FERRYBRIDGE PLAN TO FOCUS ON NEW 800W PLANTLondon shares outlook - weaker, ahead of caution, BoE meeting on Thursday

Thomson Financial UK at a glance share guideLondon shares outlook - Down, banks under pressure, BoE meeting Thursday UPDATE

*RPT SCOTTISH & SOUTHERN SAYS FERRYBRIDGE PLAN TO FOCUS ON NEW 800MW PLANTBROKERWATCH Publicis, ITV cut to 'hold' from 'buy' in Deutsche Bank media note

RPT TFN economic and business calendar to Friday Oct 12

Tokyo shares close mixed; Nikkei index gains after Tankan survey beats forecastAustralian shares close lower on profit-taking

UK smallcap opening - Deltex Medical ticks up on CardioQ announcement

UK smallcap opening - Coms edges up on Polycom distribution deal

Australian shares close lower on profit-taking - UPDATE

BROKERWATCH Tate & Lyle cut to 'neutral' from 'buy' at Goldman Sachs