NIGHT TIME FUN
Latest news of F1 motor racing

Inquiry casts doubt on F1 title
Kimi Raikkonen's world title has been thrown into doubt following an inquiry into the cars
of BMW Sauber and Williams at the Brazilian Grand Prix.
Race stewards are investigating alleged irregularities with the cars' fuel

Now the JOKE
It was a proud English rugby team despite defeat by South Africa in the World Cup final.
But the F1 racing Championship has gone too far in trying to get Hamilton to win the title
after yesterday's two mishaps and no penalty to Hamilton

1- Hamilton obstructed Raikkonen as he left the pits for the last time on trying to obtain the final quick lap.
2- Hamilton escaped any personal sanctions after his McLaren team fitted two sets of wet-weather tyres to his car during the first practice session on Friday.

After today's defeat someone had to look for something to get him on the top.
Someone at BBC1 propaganda said: Hamilton is young and beautiful, wonder if the top bosses at McLaren had noticed that.

Morning all. Friday's market reports:

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

The Dow Jones plunged almost 370 points in a perfect storm of surging oil costs, a sliding dollar, and fresh fears of paralysis in the credit markets.

Wall St caught in a perfect storm

Americas housing slump caused a $1.3 billion (639 million) writedown at Wachovia, the fourth-largest bank in the US, triggering its first profit decline in six years.

US bank slump goes on as Wachovia reveals $1.3bn writedown

Barclays and Royal Bank of Scotland have lined up emergency funds of up to $30bn (15bn) from the US Federal Reserve to bail out American clients caught up in the global credit crunch.

Barclays and RBS line up Fed for 15bn

BRADFORD & BINGLEY has become one of the most unpopular companies on the stock market, with traders staking nearly 240m on the chance that its share price will fall. Alliance & Leicester is also unpopular, with 14%, or 437m, of its 3.12 billion market value on loan. Both banks now have more of their stock on loan than Northern Rock.

Traders bet against B&B

Investors are bracing themselves for a sharp fall in share prices in London tomorrow amid rising concerns of a repeat of Black Monday after Friday afternoon's falls in the US.

City braced for repeat of Black Monday

Finance ministers from the G7 nations issued a blunt warning this weekend that rising energy costs and the American housing crisis will put the brakes on the global economy over the next 12 months, as oil prices surged towards $100 a barrel.

Policymakers are becoming increasingly alarmed about Opec's refusal to act. Julian Lee of the Centre for Global Energy Studies in London, said it was playing 'an extremely dangerous game'.

Fear of global slowdown as oil price soars

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, stocks fell sharply in the wake of the Friday sell-off on Wall Street.
The Nikkei fell 2.6% to 16,383.85, while the Hang Seng closed the morning session
down 786.23 points (2.7%) at 28,686.29.

Crude oil for November delivery fell as much as 88 cents to $87.72 a barrel in
electronic trading.

Happy Monday!

G.

OUTLOOK Pearson to report on education marketTFN UK calendar and forecasts for todayThomson Financial UK at a glance share guide - weekendThomson Financial Europe AM at a glance share guide: Stocks fall; oil dipsTFN economic and business calendar to Friday Nov 2

The Monday Press Roundup

*PEARSON LIFTS PROFESSIONAL EDUCATION FY SALES OUTLOOK TO 8-10 PCT FROM 5-7 PCTLondon shares outlook - sharply lower as Wall Street plunge knocks confidence

Thomson Financial UK at a glance share guide

BROKERWATCH Land Securities kept as 'overweight' at HSBC after Trillium review

Australian shares close sharply lower on fears US markets may drop further

UK small caps open lower; Blavod Extreme Spirits down after FY operating loss

BROKERWATCH Lloyds TSB upped to 'hold' from 'reduce' at WestLB, target 560 penceSTOCKWATCH Pearson up as trading update reassuresBROKERWATCH DSG International cut to 'marketperform' by Sanford BernsteinBROKERWATCH Reckitt Benckiser lowered to 'market perform' by Sanford BernsteinBROKERWATCH 'Avoid UK domestic banks' says Credit Suisse in sector reviewMetals - LME inventory data (Monday)

Metals - Gold heads lower as market players book profits; oil prices ease

Metals - Gold heads lower as market players book profits, oil prices ease UPDATE

STOCKWATCH Mining shares fall; Citigroup cuts five companies to 'hold' vs 'buy'London shares - midmorning features

Metals - Copper dragged lower by equities, further rise in stockpiles

BROKERWATCH BG Group cut to 'neutral' from 'buy' at UBS; ups tgt to 995p

FOCUS AstraZeneca looks East as pharma manufacturing takes the Orient Express

Metals - Copper dragged lower by equities, further rise in stockpiles UPDATE

OUTLOOK Sabadell 9-months overshadowed by sector uncertainty, Nov 6 Investor Day