The week is likely to be dominated by the fall-out from the latest banking crisis in
the US. Any Fed move on interest rates may limit damage in the short term but the
confidence of investors will take far longer to restore.....

Have a great week!

G.

Evening all. Friday's market reports:

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

Saturday

Bear Stearns has become the highest- profile victim of the global credit crisis after being forced to ask for emergency central bank funding following an unprecedented run on the Wall Street bank.
Bear Stearns succumbs to Wall Street's worst fears

So who is next? As advisers to Bear Stearns struggle to find a buyer or funding in the next 28 days, Wall Street, the City and the financial district in Tokyo were scrabbling to find out who is the most exposed to Bear Stearns, either through loans or trading positions.
Which bank is going to follow the Bear?

The Federal Reserve could cut interest rates by more than one percentage point in a bid to stabilise financial markets in the wake of Bear Stearns' collapse.
Bear Stearns crisis may force US Fed to slash rates again

Millions of British households face soaring mortgage rates and tumbling house prices after the global financial crisis triggered the near-collapse of one of the world's biggest banks.
Bear Stearns crisis sparks UK recession fears

Funding costs for British banks are expected to soar in the wake of Bear Stearns' near-collapse, worsening the credit crunch and potentially pushing up the cost of lending.
Bear Stearns crisis could hit UK banks

Barclays president Bob Diamond is to spend half his time in New York as the bank seeks to capitalise on problems at its Wall Street rivals and beef up its US operation. Barclays believes the problems at several of Wall Street's bulge bracket banks give it an unprecedented opportunity to out-muscle the competition.
Barclays makes its US move as rivals are weakened

In the past few months it has become increasingly difficult to find anyone who is positive about the dollar as investors as well as rap stars and supermodels have turned against the currency.
Can our love affair with the dollar be rekindled?

A closed meeting of big oil companies, Opec and leading commodity exchanges will discuss the upwards spiral of the crude oil price amid mounting concern that the recent surge is not reflecting the slowdown in the global economy.
Opec and commodity traders to mull oil price

HBOS has raised 750m of new capital at a staggering interest rate of almost 9.5%, in a clear sign of the funding crisis facing the worlds banks.
HBOS raises 750m of new capital in a bid to beat credit crunch

Sunday

One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear. The Fed's emergency funding procedure was first used in the Depression and has rarely been used since.
Wall Street fears for next Great Depression

Volatility in the world's stock markets is expected to continue this week as the fate of Bear Stearns hangs in the balance and investors look for further intervention from the Federal Reserve and other central banks.
Markets look to Fed as bank crisis grows

Ben Bernanke, chairman of the US Federal Reserve, will cut interest rates this week in a renewed effort to stave off recession, after the bail-out of investment bank Bear Stearns sent shockwaves through the world's financial markets.
Fed to step up action over bank crisis

Goldman Sachs, Wall Street's most powerful investment bank, will this week announce asset writedowns worth about $3bn (1.5bn), its biggest jolt to date from the crisis threatening to engulf the world's financial markets.
Goldman Sachs to reveal $3bn hit

The troubled US investment bank Bear Stearns is this weekend in talks with domestic and international rivals about a rescue deal following last week's emergency bail-out.
Talks with rivals to save Bear Stearns

US investment bank Bear Stearns has put itself up for sale after being rescued by the Federal Reserve on Friday. Boss Alan Schwartz is in talks with rival banks and sovereign wealth funds in the hope of announcing a deal along with its first quarter results tomorrow.
Stricken Bear Stearns on the hunt for buyer

One person close to the deal said the price could end up as low as $15 a share or less, depending on Bear's liabilities and balance sheet, CNBC reported. While its clearing and prime brokerage operations are well-regarded, the rest of Bear's operations are considered mediocre at best, according to various Wall Street executives. If there's no deal Bear Stearns will have to file for bankruptcy, executives said.
Bear Stearns talked to J.C. flowers, J.P. Morgan on Saturday - CNBC

Louise Armitstead and James Quinn in New York reveal the inside story of Friday's near-collapse of US bank Bear Stearns.
How Bear Sterns nearly collapsed

JOE LEWIS, the secretive British billionaire, has lost an estimated $800m in the collapse of the American investment bank Bear Stearns.
UK tycoon Joe Lewis loses $800m on Wall Street

DENMARKs biggest banks have written to the European commission to complain about the behaviour of the newly nationalised Northern Rock in the savings market.
Danes cry foul over aid for Northern Rock

Personal borrowing including credit cards other types of unsecrued loans increased by 11bn in 2007 to a three-year high of 76.7bn.
Britons borrow 77bn to go deeper into the red

A handful of Wall Street investors are being blamed for driving up the cost of crude to record highs.
Oil price leap catches out the experts

Monday's newspapers:

JP Morgan Chase last night sealed an eleventh hour deal to buy stricken investment bank Bear Stearns at a bargain price of $236m (116m) after the Federal Reserve agreed to provide a $30bn funding lifeline.
JP Morgan Chase bags bargain Bear Stearns

The Federal Reserve on Sunday cut the discount rate for banks by 25 basis points to 3.25 per cent and created a new lending facility for other financial institutions in an attempt to boost market liquidity.
Fed cuts bank rate to boost confidence

Ben Bernanke, chairman of the US Federal Reserve, will today hold emergency talks with President George Bush and Henry Paulson, the US Treasury Secretary, before deciding how generous an interest rate cut he must deliver as he attempts to restore the confidence destroyed by the Bear Stearns crisis.
Fed prepares hefty interest rate cut

Analysts are bracing themselves for another week of sub-prime related horrors as three of Wall Street's biggest banks - Lehman Brothers, Goldman Sachs and Morgan Stanley - report first quarter results.
Fears for banks reporting first quarter results

As feared, foreign bond holders have begun to exercise a collective vote of no confidence in the devaluation policies of the US government. The Federal Reserve faces a potential veto of its rescue measures.
US losing confidence vote as investors flee

Hedge funds are looking at making huge withdrawals, putting other banks at risk, reports James Quinn in New York.
Wall Street asks who will follow Bear Stearns

They never wanted to play, and nor did they ever think they'd have to. Against their will, America's economic policymakers have become engaged in a terrifying game of Russian roulette. The US financial system is in danger of melting down.
Stephen King: Radical measures needed to get us out of this terrifying game of Russian roulette

Pressure is mounting on central banks in the Gulf to fight surging inflation when they meet on Wednesday by severing the link between their currencies and the tumbling US dollar.
Gulf central banks urged to sever links with tumbling US dollar

Asia has weathered the financial turmoil embroiling the West with only small signs of distress, the chief executive of HSBC Asia believes, but a full-scale recession in the United States would have a knock-on effect on Asia, regardless of arguments that the region had decoupled from America.
US slump may affect Asia, HSBC chief Sandy Flockhart warns

Japan has been told that it must make radical changes to its diet and also undertake a complete overhaul of its traditional business practices if it is to avert a food crisis that could send Asia's biggest economy back to the 1950s.
Japan losing out in the bidding war for food

Tradefair, the financial exchange set up by peer-to-peer betting business Betfair, has appointed a new chief executive with a brief to revolutionise the way people speculate on stock markets, commodities and currencies.
Tradefair bets on wagering shake-up

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

Thomson Financial UK at a glance share guideLondon shares outlook - Weak after Bear Stearns bail-out; big Fed move awaited

BROKERWATCH Smiths Group cut to 'sell' by Deutsche Bank before H1 results

Tokyo shares close sharply lower on strong yen, credit crisis fears - UPDATE

Dunno how you do this Kyoto, but thanks again.

Extraordinary research.


Liked your bit on the other channel btw, instilled a little reality check into my current position.

Thank you

UK smallcap opening - Aero Inventory rises as H1 profits up 56 pct

poo bear - thanks

STOCKWATCH Royal Dutch Shell gains after 'very positive' strategy statement

UK smallcap opening - Inland falls as swings to H1 pretax loss

UK smallcap opening - Ocean Power Technologies higher post Q3

STOCKWATCH Wolseley down as profits fall; Landsbanki start as 'hold', tgt 500p

UK smallcap opening - Matchtech ticks up after H1 results, upbeat H2 outlookUK smallcap opening - IQE lifted by FY results, optimistic statement

UK smallcap opening - Shore Capital down; posts FY pretax profit fall, cuts div

UK smallcap opening - Allergy Therapeutics lower after H1, trial stay remains

STOCKWATCH British Energy jumps on takeover prospect; Evolution lifts targetUK smallcap opening - Archipelago Resources up; Indonesian govt approves project

UK smallcap opening - Aminex ticks up on gas discovery offshore TanzaniaUK smallcap opening - Sovereign Oilfield up as units win several contracts

UK smallcap opening - Scotty Group gains on order winUK smallcap opening - Kefi up; starts second drilling programme at Derinin Tepe