Hello traders!

In the US tonight, the Dow was down 237.44 points at 12,743.44, while the
S&P500 dipped 33.48 points to 1,407.22 and the Nasdaq Composite slipped
55.61 points to 2,540.99.

See you in the morning with updates....

G.

Morning all. Market reports:

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

HSBC said yesterday that it will be forced to stump up $35 billion (17 billion) to finance its two structured investment vehicles (SIVs) as the bank disclosed it was pulling the two vehicles on to its own balance sheet to stave off a forced liquidation of the assets.
HSBC to put up $35bn to finance two SIVs hit by the credit crunch

Central bankers are becoming nervous that a renewed credit crunch could destabilise financial markets around the end of next month, and the US Federal Reserve has pumped an initial $8bn (3.9bn) into the market to help ease the mounting pressure.
Fed pumps $8bn into market to head off new crunch

Good morning traders!

In Asia today, the Nikkei closed up 87.64 points at 15,222.85, while the Hang
Seng ended the morning down 603.52 points at 27,023.10.

New York's main oil contract, light sweet crude for January delivery, was down 70
cents at $97 a barrel from $97.70 in late US trading Monday.

Happy trading!

G.

OUTLOOK Barclays expected to estimate 10 pct rise in FY BGI profitsOUTLOOK Severn Trent H1 pretax pre-ex seen up, offset by floodingTFN economic and business calendarAustralian shares close lower on credit concerns, but off lows on Citi dealThomson Financial Europe AM at a glance share guide: Stocks, oil lower

Tokyo shares close higher on Citigroup capital increase planAustralian shares close lower on credit concerns - UPDATE

The Tuesday Press RoundupTFN UK calendar and forecasts for today

BROKERWATCH United Utilities downgraded to 'neutral' at HSBC; ups target to 785p

London shares outlook - lower after Dow slumps on renewed credit jitters

BROKERWATCH Associated British Foods cut to Neutral at UBS; cuts target to 955pBROKERWATCH StatoilHydro, Repsol upped to 'hold' from 'sell' in ING oils review

UK smallcap opening - European Convergence eases on shareholder return move

UK smallcap opening - Tracsis marked up on AIM debut

BROKERWATCH BP lifted to 'outperform' by Bear Stearns on 2008 outlookLondon shares open lower

STOCKWATCH Iberia sharply lower after BA-TPG abandon bid plansUK smallcap opening - Abacus gains on swing to FY profits

London shares open lower after Dow slumps; Barclays update contains no surprises

UK smallcap opening - Pan African hardens on gold find at Bogoin project

UK smallcap opening - Vp jumps after H1 profits increase 55 pct

STOCKWATCH Barclays higher after reassuring trading updateUK smallcap opening - Kalahari Minerals up on 'outstanding' drilling results

UK smallcap opening - Patientline dips on widening H1 losses

Metals - Gold steady above 820 usd on safe-haven buying, bargain huntingUK small caps open lower; Patientline hit by widening H1 losses

STOCKWATCH Severn Trent gains on M&A speculation and after 'solid' H1 earnings