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Traders Thread - Thursday 11th December     

Greystone - 10 Dec 2008 16:53

Greystone - 11 Dec 2008 06:22 - 3 of 40

Good morning traders!

In Asia today, the Hang Seng closed the morning down 60.98 points at 15,516.76,
while the Nikkei gained 60.31 points to 8,720.55.

Happy trading!

G.

Kyoto - 11 Dec 2008 07:01 - 5 of 40

The Thursday Press Roundup

Kyoto - 11 Dec 2008 07:06 - 6 of 40

Morning all. Market reports:

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

The recession in the industrialised world will be longer and deeper than forecast so far and could spread to emerging economies such as China and India, both the OECD and the European commission warned yesterday.
Recession will be longer and deeper than previously thought, says OECD

The value of the pound compared to other major currencies has fallen to a 28-year low amid growing fears over the health of the British economy.
Value of pound falls to 28-year low

The biggest US financial institutions reported a sharp increase to $610bn in so-called hard-to-value assets in the third quarter, raising concerns about the hidden dangers on balance sheets.
US problem assets hit $610bn

The US House of Representatives has approved bailout legislation that would force car makers to restructure their businesses or face failure.
US House approves $14 billion auto bailout plan

Troubled American car and mortgage lender GMACs chances of accessing the US Treasurys $700bn bank bail-out fund appear to be slim after it failed to convince enough bondholders to swap their debt for the sake of the companys future.
GMAC's bail-out hopes appear to be slim

The launch of Woolworths' closing sale today will have huge ramifications for the retail sector, Government and local communities in some of the poorest parts of the country.
Price-cutting threatens high street rivals

The tension between the Government and Britain's biggest power companies escalated last night after British Gas, the country's biggest supplier, ruled out any price cuts until the spring, despite steep recent falls in wholesale prices and demands for action as soon as possible from Ed Miliband, the new Energy Secretary.
Government turns up heat over power price cuts

Dow 4000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening.
8 really, really scary predictions

Kyoto - 11 Dec 2008 07:08 - 7 of 40

NIKKEI 225AUSTRALIA ASX200SHANGHAIHANG SENG
t?s=%5EN225t?s=%5EAXJOt?s=000001.SSt?s=%5EHSI
KOSPIVIX
t?s=%5EKS11t?s=%5EVIX

Kyoto - 11 Dec 2008 07:42 - 8 of 40

PRESS DIGEST - Bulgaria - Dec 11
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