Hello traders!

In the US tonight, the Dow was recently down 109 points at 12,633, while the
S&P500 was down 14.4 points at 1,380 and the Nasdaq Composite fell 28.5 points
to 2,384.

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

G.

Morning all. Market reports:

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

Chancellor Alistair Darling last night hinted that he could use his inaugural Budget next month to cut taxes. Mr Darling told bankers at a City dinner that he would use the Treasury's annual set piece to "raise growth" in the wake of the credit crunch. His comments will raise expectations that the Government may cut taxes in an effort to ward off the threat of a recession.
Chancellor Alistair Darling hints at tax cuts in his first budget

Dubai's newest Islamic bank is to go on a shopping spree for British financial institutions in an effort to become the world's largest Sharia lender within five years. Noor Islamic Bank hopes to acquire controlling stakes in British banks to gain a foothold in European markets, where demand for Sharia-compliant services is growing.
Dubai bank targets UK in bid to become world's largest Sharia lender

China has embarked on a massive corporate land-grab to shore up its supply of natural resources. Further evidence emerged yesterday that the Chinese are looking at a host of acquisitions and strategic tie-ups to secure supplies of iron ore on which the country's insatiable steel mills and booming economy depend.
China acts to secure natural resources supply

Any doubt that the first shots in a new economic war have been fired were removed yesterday as Chinese companies announced four deals in the resources sector.
China's march on resources continues with four new foreign deals

The Spanish government is reportedly considering a rescue package to "refloat" the housing market and slow job losses in the construction sector, raising concerns over investor appetite for the country's sovereign bonds.
Concerns over Spanish government's housing rescue plan

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Nikkei ended down 114.20 points at 13,745.50, while the Hang
Seng reached the midpoint 361.86 points at 24,670.22.

New York's main oil contract, light sweet crude for delivery in March, fell 22 cents
to $89.80 per barrel.

Happy trading!

G.

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