Morning all. Market reports:
Telegraph
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The Times (Need to know)
FT
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The Independent
This is Money
City traders are keen to see gains continue past the pre-Lehman Brothers bankruptcy mark of 4700, but regulators in Britain and the US look to crack down on underhand speculator tactics.
Buoyant markets lead to renewed fears of commodity speculation
UBSs decision to suspend purchases of its leveraged and inverse ETFs on Monday came, we understand, largely on the advice of industry regulator Finra who in June stated: inverse and leveraged ETFs that are reset daily typically are unsuitable for retail investors who plan to hold themfor longer than one trading session, particularly in volatile markets.
ETF blowup continues
Hopes that the long decline in property values may soon draw to a close were raised yesterday with the release of the latest Nationwide house price data.
House prices rise for third month in a row