Hello traders!

Sounds like more of the same next week....although I suspect the London markets
will be treading water early on to see what the US gets up to.

Still sitting firmly on my hands here.

Thanks to Supermum, Kyoto and Digger for their continued input to the thread.

Take care out there..

G.

Friday's market reports:

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

Families have been warned of a looming credit drought as banks and building societies stop handing out cards and overdrafts to hard-pressed households. Industry experts have said that lenders are clamping down on debt applications for fear that borrowers default as the economy worsens.

Families face credit card squeeze as banks react to market turmoil

Pressure is growing on the US Federal Reserve to announce an emergency cut in interest rates after the worst employment data in four years sparked fears of a recession.

Fed faces growing pressure for rate cut

Britain's biggest banks could be forced to cough up as much as 70bn over the next 10 days, as the credit crisis that has seized the global financial system sparks a fresh wave of chaos.

Banks face 10-day debt timebomb

LEADING bankers are warning of the worst crisis in the money markets for 20 years, which will come to a head this week when $113 billion (57 billion) of commercial paper market IOUs comes up for refinancing.

Worst crisis for 20 years, say banks

The Bank of England will pump in 4.4bn to ease the liquidity squeeze on banks. But is it too little, too late?

Emergency injection

This may be the month that decides the outlook for the economy for the next two years. The miserable figures from the US Labour Department show how quickly the problems of the sub-prime mortgage crisis have gone beyond the financial markets and leeched into the real economy.

Americas slowing economy could put brake on our own

The recent resilience of US equities to strains in the money markets was tested on Friday by the news that the labour force had contracted for the first time in four years. Investors had expected a gain of 110,000 new jobs for August, but a loss of 4,000 sparked sharply lower stock prices. The report left investors contemplating whether the US economy could face a recession, rather than a period of below average growth.

Wall Street stunned by jobs figures

A surprise decline in the number of US jobs provided new evidence that the world's largest economy is slowing, as the effects of falling house prices and a crisis in the global financial markets begin to bleed into the rest of the real economy. The nervously-awaited August employment data, released by the US government yesterday, recorded 4,000 fewer positions in August the first decline since 2003, when the US economy was emerging from recession. The data prompted a sharp fall in the value of the dollar, and a crescendo of calls for an interest rate cut by the Federal Reserve.

Markets dive on fears of US slowdown

CB Richard Ellis, the property agent, is to wipe up to 10bn off the value of Britain's commercial property market when it carries out its quarterly valuations at the end of this month.

Real estate faces 10bn loss of value

Lehman Brothers' plans to cut another 850 jobs as it restructures its mortgage business in the UK and US has sent shockwaves across London's commercial property market, creating fears of a full-scale downturn.

Lehman's plan to cut 850 jobs spreads fear of City rental downturn

The House of Commons' powerful Treasury Select Committee is poised to quiz Barclays' Bob Diamond and other leading bankers in the coming months in a wide-ranging inquiry into the credit crisis. Philip Dunne, a Conservative member of the committee and former investment banker, is writing to John McFall, the committee's chairman, saying it should call on all the major players in the market meltdown to call them to account.

Top bankers face grilling over credit crisis

The global credit crunch is forcing the Royal Bank of Scotland-led consortium bidding for ABN Amro to scramble for new sources of finance to back the 71bn (48bn) deal.

RBS scrambles to refinance ABN bid

Good morning traders!

In Asia today, the Nikkei ended the morning down 340.49 points at 15,781.67, while
in early trading the Hang Seng fell 398.54 points to 23,584.07.

Crude oil for October delivery fell 11 cents to $76.59 a barrel, after rising 40 cents
to close at $76.70 a barrel on the New York Mercantile Exchange Friday.

Happy trading!

G.

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

London shares outlook - down after slide in Asia, ABF trading statement due

Thomson Financial UK at a glance share guide

BROKERWATCH Smiths Group upgraded to 'equal-weight' at Morgan Stanley

BROKERWATCH Kelda upgraded to 'neutral' vs 'underweight' by Credit SuisseUK smallcap opening - Delling advances after maiden interim operating profit

Australian shares close lower on worries about US economyUK smallcap opening - Valirx perks up on positive GeneIce update

UK smallcap opening - Mobestar hardens on Neu.de dealTokyo shares close sharply lower on worries over US, Japan economies

UK smallcap opening - Tadpole slides on loss of Ordnance Survey contract

Australian shares close lower on worries about US economy - UPDATEUK smallcap opening - Brady adrift on FY profits warning

STOCKWATCH AB Foods down on FY operating profit hit; Merrill Lynch 'neutral'

UK smallcap opening - Stanelco dips as H1 losses widenTokyo shares close sharply lower on worries over US, Japan economies - UPDATE

UK smallcap opening - Probability higher on Rank dealLondon shares open higher, rebounding from Friday, Smiths Group up

UK smallcap opening - i-mate up on Middle East launch

Good morning all

One for the "UPS" selected yesterday.......
"UPS" (Added by Master RSI on Sun 09 Sep 11:48 pm)

CFM - Mid 28.75p

Reason Last week company abandoned its bid for Katanga its main mining licence in DR Congo was withdrawn by Kinshasa government, since strong Players are eyeing Katanga, company has a stake worth more than half share price. Indicators rising from oversold after 2 days large volume