Morning all. Market reports:

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

One of Britains biggest buy-to-let lenders warned shareholders yesterday that it could collapse if it fails to raise an extra 280 million, prompting fears of a knock-on blow to the housing market.
Paragon warns of collapse as financing woes hit share price

Freddie Mac, the government-sponsored company tasked with propping up the US mortgage market, said it would be forced to seek emergency funding to shore up its balance sheet after plunging $2bn (968m) into the red.
Freddie Mac seeks emergency funding after posting $2bn loss

Mixed messages about the strength of the US economy caused further volatility in global financial markets as the Federal Reserve revealed it had been unsure whether to cut the US base rate last month.
Fed sparks off fresh volatility in markets

Saudi Arabia may be considering revaluing its riyal currency to calm concerns about the Gulf regions link to the falling US dollar, according to a report yesterday in the al-Riyadh newspaper, which is close to the Saudi Arabian ruling family.
Saudi Arabia ready to ditch the dollar to protect value of riyal

The euro has surged to an all-time of $1.48 against the dollar, prompting bitter protests from European export industry and hints of possible intervention from top EU officials.
Protest grow as Euro hits $1.48

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng ended the morning down 925.54 points at 26,845.67,
while the Nikkei was recently down 419.39 points at 14,792.13.

The front-month, January oil futures contract hit a record high of $99.29 a barrel
in electronic trading before slipping back to $99.09 a barrel, gaining $1.06.

Happy trading!

G.

The Nikkei closed down 373.86 points at 14,837.66

The Wednesday Press RoundupLondon shares outlook - lower ahead Bank of England minutes

BROKERWATCH Standard Life upgraded to 'buy' from 'neutral' at UBSThomson Financial UK at a glance share guideTokyo shares close at 16-month lows as strong yen sparks selling - UPDATE

UK smallcap opening - KimCor Diamonds edges up on De Beers JV updateUK smallcap opening - Voller Energy rises on Spanish distribution deal

UK smallcap opening - Transense resumes trading lower on fundraising movesFTSE opens lower on bank weakness

UK smallcap opening - Angel Bio runs back as founder, another director resignLondon shares open lower ahead of BoE minutes; banking stocks fall

UK smallcap opening - Mariana Resources advances on positive JV results

OUTLOOK Morrison set to report improved Q3 tradingUK smallcap opening - Centamin Egypt gains on fresh gold find at Sukari

UK smallcap opening - Win runs back on costs worries

UK smallcap opening - Regal up as Shell takes big stake in its Ukrainian fields

BROKERWATCH Kelda cut to 'neutral' vs 'buy' by Merrill Lynch; price near target

Metals - LME inventory data (Wednesday)

UK small caps open sharply lower; rising costs weigh on WinLondon shares open lower ahead of BoE minutes, banking stocks fall UPDATE

Metals - Gold races through 800 usd mark on dollar weakness, record oil prices

Metals - Copper down as credit crunch woes spark fears of lower demand

STOCKWATCH British Land down; target slashed to 1,000p vs 1,500 at Citigroup

OUTLOOK Compass to report upbeat FY on new leadership driving disciplined growthLondon shares - mid-morning featuresMetals - Gold rises towards 800 usd on dollar weakness, record oil prices UPDATE