Hello traders!

In the US tonight, the Dow Jones finished down 55.19 points at 12,987.55, while
the S&P500 was off 14.52 points at 1,439.18 and the Nasdaq Composite 43.81
points lower at 2,584.13.

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

Etrade lost more than half its market value yesterday after the online brokerage issued a profit warning and a key industry analyst said that the company may go bankrupt.
Etrade shares slump as analyst fears for the companys future

The Wall Street giants setting up a $75bn (36bn) emergency fund to alleviate the global credit crisis will shortly send out term sheets inviting rival banks to invest in the vehicle after hammering out the basic structure. Citigroup, JP Morgan Chase and Bank of America, which have led the effort, have each agreed to invest between $5bn and $10bn into the so-called Master Liquidity Enhancement Conduit, or M-LEC.
US banks agree $75bn SIV bailout details

Like a great battleship at sea, the US industrial and export machine is slowly turning around. Within a couple of years, its big guns will be sweeping the world again, ready to silence pious talk about America's trade deficit - and to menace chunks of Europe's manufacturing base.
US will retake economic superpower crown

In early summer, HSBC sold its Canary Wharf headquarters for a staggering 1.1bn. Six months on, the commercial property market has collapsed and the pessimists are predicting a bleak future.
Building up trouble for the future

Private equity giant Blackstone is beginning to see potential in the credit crisis in spite of believing sub-prime is a "black hole" which looks "scarier" than some banks first thought. Blackstone chief operating officer Tony James said the firm was starting to go long on the sub-prime mortgage sector, which has been hammered for the past year.
Blackstone sees light beyond sub-prime

Morgan Stanley has slashed limits for thousands of credit card customers, as the credit crunch continues to bite. Cardholders saw their borrowing limits cut by thousands of pounds last week, with immediate effect - but the card company now says that a quarter of the letters were sent out in error.
Morgan Stanley cuts card spending limits

House prices are falling at the fastest rate for more than two years, as high interest rates and unaffordable property freeze the market, new research has shown. London is the only region of England and Wales where prices are not now falling, according to the latest survey from the Royal Institution of Chartered Surveyors.
Drop in house prices fastest for two years

The FSA proposes two alternative changes. The cheaper option would be to require disclosure of any CFDs relating to 3pc or more of a company's total voting rights, unless the holder of the CFD could not exercise voting rights and had not made any arrangement to sell the underlying shares.
FSA calls for more CFD disclosure

He claims that the bank mis-classified him as a professional investor, which he wasnt, because this got round the duty of care owed to private clients.
Dot-com boomer sues Goldmans over loss

The 22-year-old is apparently considering floating himself on the stockmarket, giving those same fans the chance to buy shares in his life or at least his future earnings, which could be vast.
Lewis Hamilton plc - fans may get to buy a share in his success

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng was last down 493.90 points at 27,171.83, while the
Nikkei had dipped 127.34 points to 15,070.

Crude oil for December delivery fell as much as 24 cents to $94.38 a barrel, after
dropping $1.70 to $94.62 a barrel on the New York Mercantile Exchange Monday.

Happy trading!

G.

OUTLOOK VT Group to deliver higher profits, positive outlook, contract newsOUTLOOK Vodafone seen raising FY profit guidance after Indian summerOUTLOOK UK commercial property sector in focus this weekOUTLOOK British Energy H1 EBITDA seen as up, uncertainty over shut-down reactorsOUTLOOK British Energy H1 EBITDA seen as up, uncertainty over shut-down reactorsTFN UK calendar and forecasts for todayTokyo shares close lower on lingering subprime woes; stronger Q3 GDP supportsAustralian shares close higher on bargain-hunting in financials - UPDATETFN economic and business calendar

The Tuesday Press Roundup

*VODAFONE RAISES FY ADJUSTED OPG PROFIT OUTLOOK TO 9.5-9.9 BLN STG

London shares outlook - lower as economic concerns drag Wall Street off highs

BROKERWATCH Smith & Nephew upgraded to 'outperform' at Bear Stearns

Thomson Financial UK at a glance share guide

Tokyo shares close lower on subprime woes but Q3 GDP gives some support - UPDATE

BROKERWATCH William Hill hiked to 'buy' at Goldman Sachs; target upped to 710p

BROKERWATCH Friends Provident resumed 'neutral' by JP Morgan; 165 p price targetBROKERWATCH Unilever, Danisco upped to 'neutral' vs 'sell' at Goldman Sachs

OUTLOOK Vedanta H1 EBITDA to rise as higher output outweighs rising costsBROKERWATCH Banks cut to 'cautious' from 'in-line' at Morgan Stanley

BROKERWATCH Akzo Nobel upped to 'buy' from 'hold' at SNS; target kept at 63 eurUK smallcap opening - Verona Pharma ticks up on drug development expansion

UK smallcap opening - Carluccio's higher as Caring ups stake; Altium 'buy'

BROKERWATCH Unilever, Danisco upped to 'neutral' vs 'sell' at Goldman UPDATESTOCKWATCH Vodafone shares up after upbeat outlook; brokers to raise estimates

UK smallcap opening - Sarantel rallies on SkyCaddie order news

BROKERWATCH Vedanta Resources upgraded to 'neutral' from 'sell' at Goldman SachsSTOCKWATCH Unipetrol seen lower after worse than expected Q3 resultsLondon shares open lower; Wall Street sell-off offsets solid telco earnings

STOCKWATCH Norsk Hydro down as cut to 'sell' at Goldman Sachs UPDATEUK smallcap opening - GTL Resources up on swing to H1 profits