Morning all. Market reports:

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

America's sub-prime mortgage crisis is likely to claim the homes of two million families according to an influential congressional committee which warned today that foreclosures pose a grave threat to the US economy.

'We are headed for billions in lost wealth'

Identified as one of the bright spots in the global economy, China recorded more double-digit growth in the third quarter, though the great expansion is slowing. The robust annualised 11.5 per cent jump in output for the three months to September revealed yesterday is down from the near- 12 per cent figure for the previous quarter. Next year, the IMF expects Chinese growth to slow to 10 per cent.

China's growth slows to 11.5%

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng ended the morning up 412.18 points at 30,266.67,
while the Nikkei rose 0.9% to 16,436.25.

Crude oil for December futures rose as high as $91.10 a barrel in electronic trading,
after ending at a record high of $90.46 a barrel on the New York Mercantile
Exchange. The contract was recently at $90.90 a barrel, up 44 cents on continued
worries over energy supply and tensions in the Middle East.

Happy Friday!

G.

OUTLOOK Legal & General 9-month sales seen down 16 pctThomson Financial Europe AM at a glance share guide: Stocks mixed; crude risesTFN economic and business calendar

TFN UK calendar and forecasts for today

London shares outlook - higher, Legal & General figs in focus; NY edges lower

The Friday Press Roundup

Thomson Financial UK at a glance share guide

Tokyo shares close higher on upbeat earnings, Asian markets rallies

BROKERWATCH Lonmin price target cut to 3400p vs 3600 at Lehman Brothers

Australian shares close higher led by oil, mining stocks

UK smallcap opening - Oxford BioMedica firmer after favourable patent ruling

UK smallcap opening - Elephant Loans slumps after issuing profit warning

STOCKWATCH Bayer extends losses in wake of Trasylol concerns

London shares open higher, Northern Rock top riser on bid news; NY edged lowerUK smallcap opening - Synchronica dips; to issue 30 mln shares, 27 pct of co

BROKERWATCH Tesco initiated with 'buy' by Blue Oar Securities, target 510 penceUK smallcap opening - GSH Group up as FY pretax profit rises to 8 mln stgTokyo shares close higher on upbeat earnings, Asian market rallies - UPDATE

Australian shares close higher led by oil, mining stocks - UPDATE

UK smallcap opening - Metal-Tech lower after court declares UTL jv bankrupt

STOCKWATCH Legal & General edges higher after 9-month sales miss forecasts

STOCKWATCH BAE Systems falls; Goldman Sachs removes from 'Conviction Buy' list