Hello traders!

In the US tonight, the The Dow Jones Industrial Average finished down 211 points
at 12,799, with 29 of its 30 components in the red.

The S&P 500 lost 22.9 points to 1,416, while the Nasdaq Composite fell 34 points
to 2,562.

See you in the morning for the aftermath...

G.

Morning all. Market reports:

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

The global credit crisis has hit Asia with a vengeance for the first time, triggering a massive flight to safety as investors across the region pull out of risky assets. Yields on three-month deposits in China and Korea have plummeted to near 1pc in a spectacular fall over recent days, caused by panic withdrawls from money market funds and credit derivatives.
Credit "heart attack" engulfs China and Korea

An interest rate cut next month is a "real possibility", experts said today after documents released by the Bank of England showed that the Monetary Policy Committee discussed an immediate cut a fortnight ago.
Rate cut is a 'real possibility' next month

The Bank of England's financial stability chief has called for interest rates to be cut, amid fresh signs that the credit crunch is worsening and that the high street is already starting to suffer.
Bank chief urges rates cut over crunch

The spectre of a recession in the United States gripped the commodity markets yesterday, causing investors to flee base metals such as copper and zinc while speculators pumped up the price of crude oil and gold.
Fears of recession in US spook commodity markets

So, farewell then, the supercycle. For more than a year, the bosses of the worlds natural resources companies have been musing about a new paradigm in the commodities business. Yesterday commodities prices were telling a different story.
The wheels are coming off the supercycle

Peter Cruddas, the City of London's richest man, is poised to sell a 10pc stake in his financial trading business, CMC Markets, to Goldman Sachs, pushing his personal fortune to well over 1bn, The Daily Telegraph can reveal.
Cruddas nets 140m from Goldman deal

The son of a Smithfield meat porter defies his critics to sign a deal with Goldman valuing CMC Markets at more than 1bn.
Winning streak goes on for City's richest man

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Nikkei closed up 51.11 points at 14,888.77, while the Hang
Seng was up 118.40 points at 26,736.59 at the midpoint.

New York's main contract light sweet crude for January delivery rose 5 cents to
$97.34 a barrel from $97.29 in late US trades Wednesday.

Happy trading!

G.

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