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This is Money

The dollar rose sharply on foreign exchanges yesterday after Ben Bernanke, the Chairman of the US Federal Reserve, issued a ground-breaking warning over the currency's slide in an apparent attempt to halt its decline.
Dollar leaps as Fed alert breaks new ground

Wall Street�s feeling worse about Lehman Brothers (LEH) as the day goes along. Shares were off 13% at midafternoon, touching their lowest level since the near collapse of Bear Stearns back in March. Lehman shares bounced back late Tuesday, after the brokerage�s treasurer told Bloomberg Lehman didn�t tap the Fed�s lending facility for emergency borrowing.
Lehman denies Fed window rumor

Lehman Brothers was forced to deny that it faced a liquidity crisis yesterday after it emerged that the Wall Street broker was preparing to raise an estimated $4 billion (�2 billion) to repair the multibillion-dollar hole that the credit crunch has ripped through its balance sheet.
Lehman Brothers ready to tap markets for another $4bn

George Soros, the billionaire financier, has rounded on institutional investors who have been ploughing money into oil, saying they are following a "craze" that is inflating a commodities bubble and harming the global economy.
Soros attacks 'craze-following' institutions for inflating oil prices

Texas Pacific Group plans to use its investment in Bradford & Bingley as a springboard for stake-building in other banks. Such a move could trigger a wave of private equity investments in the UK's distressed financial services sector.
TPG to build up stakes in banks

UK consumers defied the credit crunch to spend a record amount online with retailers last year, Verdict Research has revealed. Bricks-and-clicks retailers delivered soaring online sales up by 35 per cent to �14.7bn in 2007 � a rate of growth almost 10 times higher than that of the total retail market.
Crunch, what crunch? UK's shoppers are still spending but do it online

The credit crunch is weakening consumer confidence and leaving more than a quarter of young working households unable to get on the property ladder. The property research company Hometrack said 28.3% of young working households were priced out of the market due to rising mortgage rates and tighter lending conditions.
Confidence hits construction as more struggle with their debts

The era of cheap and plentiful energy to which we have become so accustomed is about to give way to a new age of scarce and expensive power that will see household bills rocket, said Paul Golby, the chief executive of E.ON UK.
E.ON UK chief warns power shift will send household bills soaring

The next wave of trading platforms designed to poach market share from the London Stock Exchange will go live in three months. Turquoise, the venue backed by nine major investment banks, will go live on 5 September, Eli Lederman, its chief executive, said.
LSE rival Turquoise set to go live in September

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

BROKERWATCH RBS upgraded to 'overweight' from 'underweight' at Morgan Stanley

London shares outlook - lower after grim confidence survey and Wall Street drop

10:00 EU Eurozone Retail Sales April (consensus MoM 0.2%, YoY -0.8%)
12:00 US MBA Mortgage Applications
13:30 US Non-farm Productivity Q1 (consensus 2.5%)
15:00 US ISM Non-Manufacturing Composite May (consensus 51)
15:30 US DoE Oil, Gasoline Inventories

BROKERWATCH Bellway, Redrow, Persimmon cut to 'sell' in sector review at UBS

Tokyo shares close higher as exporters gain on weak yenThomson Financial UK at a glance share guide

Australian shares close mixed, resources stocks lower on profit-taking

Tokyo shares close higher as exporters gain on weak yen - UPDATE

Australian shares close mixed, resources stocks lower on profit-taking - UPDATEUK smallcap opening - Cyberview rises on business disposal & cash distributionLondon shares open lower after falls on Wall St; ex-divs drag FTSE down

BROKERWATCH Man Group cut to 'hold' from 'buy' by Investec, target 650 pence

UK smallcap opening - Ultrasis advances on anti-depression product launch

UK smallcap opening - Hampson Industries up as FY profits rise 50 percentUK smallcap opening - Caledon Resources higher as Polo ups stake

STOCKWATCH Kingfisher up after Q1 retail profit beats forecasts

UK smallcap opening - Connemara edges up on positive drilling update

UK smallcap opening - Porvair up on positive update

London shares open lower after falls on Wall St; ex-divs drag FTSE down UPDATEUK smallcap opening - UTV Media lower on cash call move

STOCKWATCH SocGen, BNP Paribas, Barclays fall on talk of recapitalisation

BROKERWATCH Richemont started as 'market perform' by Sanford Bernstein

UK small caps open lower; UTV Media lower on cash call