Hello traders!

In the US tonight, the Dow was up 133.23 points at 13,424.88, while the S&P500
gained 12.39 points at 1,483.95 and the Nasdaq Composite was 8.99 points
higher at 2,601.06.

See you in the morning with the latest.......

G.

Morning all. Market reports:

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

The Bank of England moved yesterday to inject extra funds into Londons short-term money markets, making good on its pledge last week to take new action to reduce financial stresses from the worldwide credit squeeze.

Bank pumps 4.4bn into money markets to ease credit squeeze

Shares in Northern Rock will plunge today with the company expected to issue a profits warning and confirm that it has been forced to turn to the Bank of England for emergency financial support.

Northern Rock in cash SOS to Bank

Goldman Sachs' high-profile alternative investments business appears to be in further trouble after it emerged that its Global Alpha hedge fund lost 22.5pc of its value last month.

Global Alpha plummets 22.5pc in one month

The price of crude oil may have fallen back yesterday after breaking the $80 (39.36) mark, but now that this psychological barrier has been breached, traders are speculating about when it will hit $90. Analysts at investment bank Goldman Sachs predicted yesterday that $95 was a real possibility, while other industry experts forecast $100-plus within three to five years.

Crude oil gushing to the $90 milestone

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng ended the morning up 357.38 points at 24,894.4,
while the Nikkei was recently ahead 253.77 points at 16,074.96.

New York's main oil contract, light sweet crude for October delivery, dropped 30
cents to $79.79 a barrel from its record close of $80.09 in late US trades Thursday.

Happy Friday!

G.

Thomson Financial Europe AM at a glance share guide: Shares up, oil mixedTFN economic and business calendar

TFN UK calendar and forecasts for today

The Friday Press Roundup

London shares outlook - down; Northern Rock given emergency funding by BoE

Thomson Financial UK at a glance share guide

BROKERWATCH Wolseley lowered to 'underperform' from 'neutral' at Credit Suisse

Tokyo shares close sharply higher; index above 16,000 points on softer yen

STOCKWATCH Northern Rock seen down 15-20 pct on BOE assistance news

BROKERWATCH Reed Elsevier raised to 'buy' vs 'neutral' at Merrill Lynch

STOCKWATCH UK banking stocks seen under pressure on Northern Rock news

Good morning all

IOS 25 - 25.5p +0.25p

Already up on the bid
The cup and Handle is working with the higher volume

am vol

STOCKWATCH Bayer higher, outperforms mkt on bullish note from Bear Stearns

UK smallcap opening - Dwyka gains on Investors Chronicle tipAustralian shares close higher, Macquarie Bank in focus

BROKERWATCH Fortis in focus as analysts mull remedies filed to EU

Australian shares close higher, Macquarie Bank in focus - UPDATETokyo shares close higher, Nikkei tops 16,000 on softer yen - UPDATE

UK smallcap opening - ServicePower Tech climbs on contract win