Hello traders!

In the US tonight, the DJIA finished ahead 117.54 points at 13,660.94, while the
S&P500 was up 18.1 points at 1,520.27 and the Nasdaq Composite closed 30
points better at 2,825.18.

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

Fitch Ratings has threatened to downgrade a clutch of top US bond insurers in a move that could set off a fresh credit crisis and cause contagion across America's $2,400bn (1,150bn) municipal bond market.

Bond insurers set off fresh wave of credit panic

Morgan Stanley could become the next bank to own up to further sub-prime losses in light of the continued stagnation of the asset-backed commercial paper market. The bank, whose shares have fallen 10pc over the past three days on balance sheet concerns, is coming under increasing pressure to disclose whether it has further writedowns to make.

Morgan Stanley under pressure

Oil has rocketed to an all-time high of $97 a barrel in New York on fears of terrorist attacks on pipelines in the Middle East and falling crude inventories in the United States. In a day of wild movements across global markets, the dollar continued to plunge to all-time lows against European currencies while gold surged in late trading to a 28-year peak of $824 an ounce.

Oil, gold and euro surge to record prices

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Hang Seng ended the morning up 597.60 points at 30,035.73,
while the Nikkei was recently down 0.3% at 16,197.97.

New York\'s main oil contract, light sweet crude for December delivery traded at
$97.87 a barrel, up $1.17 from its all-time closing record of $96.70 in US trades.
Tuesday.

Happy trading!

G.

OUTLOOK Virgin Media customer exodus set to slow in Q3OUTLOOK Umeco H1 profits seen up 8 pct on strong aerospace sectorOUTLOOK Umeco H1 profits seen up 8 pct on strong aerospace sectorOUTLOOK Next to show recovering underlying sales in Q3OUTLOOK Total to post drop in Q3 earnings, but seen outperforming peersOUTLOOK Carlsberg Q3 pretax seen up helped by strong growth at BBHAustralian shares close higher on signs economic growth is still strongTFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stocks rise, gold soars

TFN UK calendar and forecasts for todayTokyo shares close at fresh 7-week low on firmer yen, subprime concerns

The Wednesday Press Roundup

London shares outlook - flat; heavy gains on Wall St offset by sub-prime woesAustralian shares close higher on signs economic growth is still strong - UPDATE

Thomson Financial UK at a glance share guide

BROKERWATCH BSkyB upgraded to 'neutral' vs 'reduce' by Nomura, fair value 640pTokyo shares close at 7-week low on firmer yen, subprime concerns - UPDATE

First Day of DealingsFirst Day of Dealings

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UK smallcap opening - Synexus up on agreed 78 pence cash bid from Sigma

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UK smallcap opening - Bateman Litwin higher after solid FY numbers

BROKERWATCH Ashmore started 'outperform' in Cazenove alt asset managers reviewUK smallcap opening - Tangent up after interim profits boost

STOCKWATCH British Energy slumps; finds further wire corrosion in reactorsSTOCKWATCH MOL cool as investors see new oil production contracts as long termUK smallcap opening - Charterhouse Communications drops on FY profits warning

UK smallcap opening - OCZ slides on FY profits warning