Hello traders!

In the US tonight, the Dow was down 56.58 points at 11,231.96, while the
S&P500 fell 10.59 points to 1,252.31 and the Nasdaq Composite slipped 2.06
points at 2,243.32.

Crude for August delivery dropped $3.92 to settle at $141.37 a barrel on the New
York Mercantile Exchange.

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

G.

Good morning traders!

In Aisa today, the Nikkei was recently down 336.29 points at 13,023.75, while the
Hang Seng ended the morning down 747.65 points at 21,165.41.

New York's main oil futures contract, light sweet crude for August delivery, was 67
cents higher at $142.04 a barrel.

Happy trading!

G.

OUTLOOK Persimmon set to announce land write-downs, possible dividend cutOUTLOOK Persimmon set to announce land write-downs, possible dividend cutTFN UK calendar and forecasts for todayThomson Financial Europe AM at a glance share guide: Stocks, oil mixedTFN economic and business calendar

Morning all. Market reports:

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

There are new signals today that Britain is on the brink of recession, with confirmation that the bulk of the economy is sliding rapidly into a severe downturn.
Disastrous reports pour in from every sector

In the City, the fear is that the implosion of B&B could spread alarm among other banks. The Bradford-based bank's problems remain a shadow over the sector, which means other lenders' share prices will not recover until B&B's problems are resolved.
Wipe-out fear for Bradford & Bingley's investors

Alistair Darling will today urge European bureaucrats to tear up the key banking regulations that give powers to ratings agencies, in the latest blow for the embattled financial institutions. The Chancellor will warn his European counterparts that European Union banking laws hand an explicit role to the agencies, cementing their power and authority, despite the growing consensus that they were among the culprits for the financial crisis.
Credit crisis lessons sees Alistair Darling targeting ratings agencies

Bridgewater Associates has issued an apocalyptic warning to clients that bank losses from the worldwide credit crisis may reach $1,600bn (800bn), four times official estimates and enough to pose a grave risk to the financial system. The giant US hedge fund said that it doubted whether lenders would be able to shoulder the full losses, disguised until now by "mark-to-model" methods of valuing structured credit.
Bank losses from credit crisis may run to $1,600bn, warns Bridgewate

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

VIX

09:30 UK Department of Communities and Local Government UK House Prices May
15:00 US Pending Home Sales May (MoM consensus -0.03)
15:00 US Wholesale Inventories May (consensus 0.007)
20:00 US Consumer Credit May (consensus $7.0B)
22:00 US ABC Consumer Confidence

London shares outlook - lower after falls in NY and Asia; Persimmon update due

The Tuesday Press Roundup

BROKERWATCH Lonmin upgraded to 'buy' from 'hold' at Deutsche Bank; target 3,485pThomson Financial UK at a glance share guide

Australian shares close at lowest level in almost two years

BROKERWATCH Cadbury cut to 'sell' from 'hold' by Investec on valuation grounds

Australian shares close at lowest level in almost two years - UPDATE

UK smallcap opening - Highams falls as it warns of tougher market

UK smallcap opening - Dunelm shares fall after sales slideUK smallcap opening - SkyePharma lower after financing talks hit snagLondon shares open lower after falls in NY and Asia; financials, miners drop

UK smallcap opening - Morse falls as clients cut spendingTokyo shares close lower on credit woes, Nikkei back at 13,000 after dip UPDATE

UK smallcap opening - Berkeley Mineral gains on Zambian deal

STOCKWATCH Persimmon falls after cautious trading update

BROKERWATCH ICAP started as 'outperform' by CazenoveUK smallcap opening - Karelian Diamond higher after Finland discovery

UK smallcap opening - Concateno surges after confirms bid approaches

STOCKWATCH Bradford & Bingley shares tumble further in weak marketUK smallcap opening - Paragon falls as RBS cuts target