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The Traders Thread - Wednesday 31st October (TRAD)     

Greystone - 30 Oct 2007 21:11

Greystone - 30 Oct 2007 21:12 - 2 of 48

Hello traders!

In the US tonight, the Dow Jones Industrial Average fell 77.8 points to end at
13,792.5.

The S&P 500 shed 9.96 points to 1,531.02, with the Nasdaq Composite falling 0.73
points at 2,816.71.

On the New York Mercantile Exchange, crude-oil futures traded down $3.15 to
stand at $90.38 a barrel.

See you in the morning with the latest...

G.

Kyoto - 31 Oct 2007 03:22 - 3 of 48

Morning all. Market reports:

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

The pound has risen to its highest level against the dollar for 26 years, testing the $2.07 barrier, amid fears that the Bank of England will hold off from cutting interest rates. Experts said the pound could rise further still to $2.10 in the coming weeks, with the dollar weakening further.

Sterling storms to highest in 26 years

The gold price will soar to more than $1,000 per ounce over the next five years as dwindling supply of the precious metal combines with increased demand, Credit Suisse has forecast. The investment bank believes that gold, which earlier this week rose to a 28-year high of $795 an ounce, will reach $1,050 an ounce by 2012.

Gold price 'will rocket to more $1,000 an ounce'

OPEC oil ministers say they are powerless in the face of many factors driving up the price of crude, with one member of the producers' cartel warning that the 'market is out of control'. Mohammed bin Dhaen al-Hamli, president of Opec, told a conference in London yesterday that record oil prices are the result of speculative investment and international political tensions. "We are of course concerned about high oil prices," he said. But "the market is increasingly driven by forces beyond Opec's control".

Market is out of our control, says Opec

MiFID is here, promising a revolution in Europes markets. But what is it?

The MiFID revolution is here

Morning all. Market reports:

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

The pound has risen to its highest level against the dollar for 26 years, testing the $2.07 barrier, amid fears that the Bank of England will hold off from cutting interest rates. Experts said the pound could rise further still to $2.10 in the coming weeks, with the dollar weakening further.

Sterling storms to highest in 26 years

The gold price will soar to more than $1,000 per ounce over the next five years as dwindling supply of the precious metal combines with increased demand, Credit Suisse has forecast. The investment bank believes that gold, which earlier this week rose to a 28-year high of $795 an ounce, will reach $1,050 an ounce by 2012.

Gold price 'will rocket to more $1,000 an ounce'

OPEC oil ministers say they are powerless in the face of many factors driving up the price of crude, with one member of the producers' cartel warning that the 'market is out of control'. Mohammed bin Dhaen al-Hamli, president of Opec, told a conference in London yesterday that record oil prices are the result of speculative investment and international political tensions. "We are of course concerned about high oil prices," he said. But "the market is increasingly driven by forces beyond Opec's control".

Market is out of our control, says Opec

MiFID is here, promising a revolution in Europes markets. But what is it?

The MiFID revolution is here

Mifid seeks to end the historic monopoly of stock exchanges. Instinet Europes Chi-X system has begun to garner significant market share in a handful of the most liquid regional stocks, particularly those listed on the Dutch and German exchanges. It recently announced it will offer trading in French stocks and has opened trading in several large UK stocks. Last week, Chi-X reported that it had attracted more than 10 per cent of trading in the shares of BP, one of the most liquid stocks on the LSE.

Seeking to end a share trading monopoly

Kyoto - 31 Oct 2007 03:22 - 4 of 48

NIKKEIAUSTRALIASHANGHAIHANG SENG
t?s=%5EN225t?s=%5EAORDt?s=000001.SSt?s=%5EHSI

Greystone - 31 Oct 2007 06:20 - 6 of 48

Good morning traders!

In Asia today, the Nikkei closed up 86.62 points at 16,737.63, while the Hang
Seng ended the morning down 124.59 points at 31,513.63.

New York's main contract, light sweet crude for December delivery, was 56 cents
lower at $89.82 a barrel from its close of $90.38 in US trading Tuesday.

Happy hauntiing!

G.

Kyoto - 31 Oct 2007 07:09 - 10 of 48

The Wednesday Press Roundup

Kyoto - 31 Oct 2007 07:29 - 11 of 48

Thomson Financial UK at a glance share guide

Kyoto - 31 Oct 2007 08:06 - 13 of 48

First Day of Dealings
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