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The Traders Thread - Tuesday 29th April (TRAD)     

Greystone - 28 Apr 2008 21:07

Kyoto - 29 Apr 2008 02:59 - 3 of 45

Morning all. Market reports:

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

Sovereign wealth funds grew to $3,500bn (1,750bn) last year, putting them on track to surpass the entire economic output of the United States within seven years, according to a new study.
Sovereign wealth funds set to outgrow US economy

Britain will find itself alone among the 27 nations of the European Union next month in facing disciplinary action from the European Commission over the gap between its spending and borrowing.
UK faces disciplinary action by EU for breaching budget rules

Britain could be heading for an "avalanche of redundancies" in the coming months as economic reality finally catches up with the jobs market, a leading expert has warned.
UK job cuts feared in economic slowdown

HBOS is set to announce a rights issue of up to 4bn today to shore up its balance sheet as asset writedowns increase and clouds gather over the UK economy. The bank is expected to announce about 3bn of writedowns on its credit-related holdings.
HBOS board prepares for 4bn cash call

The president of Opec has warned that the price of oil could hit $200 (100) a barrel, spelling more pain for the major crude-consuming economies. Chakib Khelil said there was nothing that the oil producers' cartel could do to bring down the high price, which he blamed on geopolitical tensions and market speculators.
Opec head sees oil price hitting $200 a barrel

Petrol is likely to hit 5 a gallon today as hot money from speculators drives the oil price to record levels. Lehman Brothers, the investment bank, has estimated that fuel is 30 per cent overpriced because of an influx of money into the oil market from investment funds.
Oil speculators push price to 5 gallon

Representatives of the world's leading gas producers are discussing Russian proposals for greater cooperation, according to the Iranian oil ministry. Ministers and experts from the Gas Exporting Countries Forum are meeting in Tehran amid speculation that members are considering an Opec-style club for gas producers.
Fears over Russian plan for 'gas Opec'

Northern Rock breached capital rules six months before its collapse, yet failed to tell shareholders and continued to be given favourable light touch treatment by financial regulators, it emerged yesterday.
FSA allowed Northern Rock to keep breaking rules

Kyoto - 29 Apr 2008 03:02 - 4 of 45

NIKKEI 225AUSTRALIA ASX200SHANGHAIHANG SENG
t?s=%5EN225t?s=%5EAXJOt?s=000001.SSt?s=%5EHSI

Kyoto - 29 Apr 2008 03:03 - 5 of 45

US Video: Stock Market Technical Analysis 4/28/08

Greystone - 29 Apr 2008 05:30 - 6 of 45

Good morning traders!

In Asia today, the Nikkei was recently up 30.9 points at 13,894.37, while the Hang
Seng had gained 257.76 at 25,924.05.

New York's main oil futures contract, light sweet crude for June delivery, eased 19
cents to $118.56 per barrel.

Happy trading!

G.

Kyoto - 29 Apr 2008 08:57 - 16 of 45

UK smallcap opening - Cineworld higher after update
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