Hello traders!

In the US tonight, the Dow was last down 56.82 points at 13,315, while the
S&P500 was off 8.87 points at 1,472.27 with the Nasdaq Composite 22.73
points lower at 2,638.23.

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

Britain's manufacturing sector yesterday gave an upbeat account of its prospects for 2008, reducing the chances of an interest-rate reduction when the Bank of England's Monetary Policy Committee meets for its monthly meeting later this week.
Hopes of interest-rate cut dashed by upbeat manufacturing survey

Conditions in the financial markets worsened further today as banks scrambled to secure cash to tide them over the Christmas period in further proof that the credit crunch - now nearly four months old - is far from over.
Market interest rate jumps to nine-year high

Britain's businesses are suffering a sudden and dramatic rise in borrowing costs as a direct result of the summer's credit crunch, according to figures which intensify the Bank of England's interest rate dilemma this week.
Borrowing costs pile pressure on MPC

Martin Gilbert, the chief executive of Aberdeen Asset Management, said that the recent share price falls of banks and property companies trading on the FTSE 100 and Dow Jones Industrial Average made them an attractive buying prospect.
It's time to buy banks, Aberdeen chief says

Oil prices slipped below $88 a barrel on Monday prior to a vital Opec meeting this week and after the restoration of supplies along a pipeline between Canada and the US following an explosion last week.
Oil price slide continues

Momentum is building for the creation of an EU-wide "Super Regulator" to oversee financial markets and clamp down on short-term speculators. This could emasculate the Financial Services Authority and bring the City under the direct control of Brussels for the first time.
Pressure for EU 'FSA' after credit crunch

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK Greene King investors await news on property spin-off plansOUTLOOK Tesco Q3 sales growth expected to show improvement on weather-hit Q2TFN economic and business calendarAustralian shares close lower on weak base metal prices, US concerns - UPDATEAustralian shares close lower on weak base metal prices, US concernsThomson Financial Europe AM at a glance share guide: Stocks, crude mixedTokyo shares close morning lower on subprime woes, yen's rise - UPDATE

Good morning traders!

In Asia today, the Nikkei closed down 148.78 points at 15,480.19, while the Hang
Seng ended the morning up 263.40 points at 28,921.82.

New York's main oil contract, light sweet crude for January delivery, gained 34
cents to $89.65 a barrel from $89.31 in late US trades Monday.

Happy trading!

G.

RPT TFN economic and business calendar

Tokyo shares close lower on renewed subprime worry

TFN UK calendar and forecasts for today

The Tuesday Press Roundup

London shares outlook - Slightly lower after weaker NY close; eyes on Tesco

Tokyo shares close lower on renewed subprime worry - UPDATE

BROKERWATCH Vodafone price target upped to 200 pence by Credit Suisse

Thomson Financial UK at a glance share guide

BROKERWATCH Wine and spirits initiated, Diageo started 'overweight' at HSBC

UK smallcap opening - Access Intelligence dips on FY profits warning

BROKERWATCH Pearson started 'outperform' in sector review at Sanford Bernstein

UK smallcap opening - DermaSalve up on South African order

UK smallcap opening - Music Copyright up on Bellhaus Entertainment dealUK smallcap opening - Surface Transforms edges up on in-line updateUK smallcap opening - Carluccio's higher on FY profits rise

UK smallcap opening - Symphony Environmental up again on yesterday's placingLondon shares open lower after weaker NY close; Tesco falls

BROKERWATCH Barclays, HBOS begin 'overweight' in sector review at Morgan StanleyBROKERWATCH Air France-KLM and British Airways upped to 'hold' at ABN AmroUK smallcap opening - Tersus Energy off as bid talks cease