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Traders Thread - Tuesday 2nd October (TRAD)     

Greystone - 01 Oct 2007 21:29

Kyoto - 02 Oct 2007 04:02 - 3 of 45

Morning all. Market reports:

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

British lenders are shunning the Bank of England and turning instead to the European Central Bank on a massive scale, taking advantage of much lower interest rates and guaranteed anonymity to weather the credit crunch.

British banks gorge on ECB's cheap credit

As Citigroup blames 'severe dislocation in the market', some are just glad the damage is out in the open, writes James Quinn.

Is the worst over, or just starting?

Two of the worlds biggest banks announced a $10 billion (4.8 billion) reversal in their fortunes yesterday as they gave warning of massive hits to their third-quarter results.

Two bank giants braced for $10bn hit from world turmoil

More strong signals have emerged that the credit crisis is making its presence felt outside the City and financial services, and is helping to slow down the "real economy".

Credit contagion spreads to manufacturing confidence

The president of the European Central Bank, Jean-Claude Trichet, and the former chairman of the US Federal Reserve, Alan Greenspan, both warned yesterday that the global economy may take considerable time to recover from the international credit crisis.

Trichet and Greenspan say global economy will take time to recover take time to recover

Kyoto - 02 Oct 2007 04:03 - 4 of 45

NIKKEIAUSTRALIASHANGHAIHANG SENG
t?s=%5EN225t?s=%5EAORDt?s=000001.SSt?s=%5EHSI
Shanghai is closed this week.

Greystone - 02 Oct 2007 05:50 - 5 of 45

Good morning traders!

In Asia today, the Nikkei was recently up 187.42 points at 17,033.38, while the
Hang Seng was 77.32 points better at 27,412.47.

Crude-oil prices fell as much as 5 cents to $79.23 per barrel in Asian business
hours. The December crude-oil contract ended $1.66 lower Monday in New York.

Happy trading!

G.

Kyoto - 02 Oct 2007 06:50 - 7 of 45

TFN UK calendar and forecasts for today

Kyoto - 02 Oct 2007 06:55 - 8 of 45

The Tuesday Press Roundup

Kyoto - 02 Oct 2007 07:25 - 10 of 45

Thomson Financial UK at a glance share guide

Kyoto - 02 Oct 2007 08:11 - 13 of 45

UK smallcap opening - Subsea advances on approaches
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