Morning all. Market reports:

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

HSBC, Britain's biggest bank, has warned that Britain faces a stark "de-rating" by investors in coming months as growth slows and funds begin to lose confidence in the country's economic management, triggering a mass exodus of "hot money" from the City.

HSBC warns of hot money exodus from Britain under 'siege'

For years, fixed income, the dull younger brother of the investment banking family, has brought home the bacon on an annual basis. But now, three months in to the credit crisis, the blame witch-hunt has started, and the spotlight is on the oft-ignored specialism.

Downturn hits banks' fixed-income trading

The rapid growth of sovereign wealth funds, petrodollar investors, hedge funds and private equity groups poses significant risks for the world economy, claims a report from management consultant McKinsey.

Rise of the giant fund sparks fears of a global shockwave

A major Spanish savings bank has drastically increased its cash reserves in preparation for a sharp increase in loan defaults, it emerged yesterday, adding to increasing worries that the Spanish economy is set for a fall after a decade and a half of growth.

Spanish worries mount as bank hoards cash

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Thomson Financial Europe AM at a glance share guide: Stocks flat; oil mixedTFN economic and business calendar

Good morning traders!

In Asia today, the Nikkei was little changed at 17,093.47, while the Hang Seng
rose 2.5% to 27,633.62.

Crude oil for November delivery fell as much as 18 cents to $81.26 a barrel in
electronic trading, after rising $1.50 to $81.44 a barrel on the New York
Mercantile Exchange Thursday.

Happy Friday!

G.

TFN UK calendar and forecasts for today

BROKERWATCH Alliance & Leicester downgraded to 'sell' at Deutsche Bank

The Friday Press RoundupLondon shares outlook - slightly firmer, NY higher; US jobs data keyLondon shares outlook - slightly firmer, NY higher; US jobs data key

Thomson Financial UK at a glance share guide

BROKERWATCH HBOS cut to 'hold' from 'buy' at ABN Amro; target price 10 stg

UK smallcap opening - Petards hoisted on 1 mln stg contract win

Tokyo shares close narrowly mixed; investors await US jobs data

STOCKWATCH British Land dips after pulling Meadowhall sale due to market turmoilAustralian shares close higher on bargain hunting; key indices up on weekUK smallcap opening - Avon Rubber rises on contract news

STOCKWATCH Shire edges up after drug approval in Japan; Landsbanki keeps 'hold'UK smallcap opening - Monitise firms on NYCE deal

UK smallcap opening - Centurion Electronics advances on in-line trading update

UK smallcap opening - Waterman moves up on better-than-expected FY numbersTokyo shares close narrowly mixed; investors await US jobs data - UPDATELondon shares open up tracking higher NY close; US jobs data seen key

Australian shares close higher on bargain hunting - UPDATE

UK smallcap opening - Voller Energy up on reports of deals

UK smallcap opening - Plus Markets firms on bid talk

STOCKWATCH Yell Group up after Bear Stearns initiates with 'outperform'STOCKWATCH Beiersdorf higher on vague rumours that Henkel may bid for the co

Good morning

Keep an Eye (Added by Master RSI on Fri 05 Oct 09:14 am)

VLK - Mid 78.875p
Reason - Slowly moving higher after a chart pattern of BOUBLE BOTTOM, today is breaking from the AXIS ( last high ) Goodbody Stockbrokers reitatated a "BUY" note yesterday

Chart on a BREAKOUT today fron Double Bottom