Hello traders!

The Dow Jones Industrial Average futures contract was recently off 520 points at
11,586, the Nasdaq futures were at 1773.25, down 76.25, and the Standard &
Poor's 500 futures recently were at 1265, down 60.3.

Fun again tomorrow....

G.

Morning all. Market reports:

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

Recession fears wipe 84bn off the value of Britain's biggest companies as stock markets tumble across the globe.
Crash! Biggest fall in shares since September 11

The FTSE 100 index suffered its biggest ever one-day points fall as fears of an impending US recession led to panic selling across the globe.
FTSE 100 suffers biggest one-day fall

Some of the most influential UK fund managers sounded a warning of more turmoil to come yesterday as global investors fled financial markets in mounting fears of an imminent American recession.
Warning of more turmoil as investors flee markets

As stock indexes around the world posted their biggest slides since 11 September 2001, experts spoke of a "horrible" and dramatic day on the trading floors against the backdrop of a looming US-led global downturn.
The City: 'Getting drunk won't help because there is more to come'

The UK is likely to avoid recession in 2008, experiencing only a more mild "rebalancing" of the economy, according to forecasts by the Ernst & Young ITEM Club.
UK to escape recession, Item Club says

Dolcis, the 144-year-old shoe retailer, has crashed into administration following dire trading conditions on the high street and growing competition in the 4.5bn shoe sector from mainstream clothing chains such as New Look and Next.
Poor sales and rivals trip up Dolcis

Yet if the storm is peaking in the US, it has hardly begun in Europe. Bernard Connolly, global strategist at Banque AIG, says euro-losses may surpass the US debacle.
Euro at risk from Europes economic storm

Politicians are scrambling to offer a stimulus package, and Fed Chairman Ben Bernanke is slashing interest rates. But they may be paving the way for a bigger calamity down the road.
Will the cure be worse than the disease?

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Nikkei was recently down 697.21 points at 12,628.73, while the
Hang Seng closed the morning session off 1,914.73 points (8%) at 21,904.13.

New York's main oil contract, light sweet crude for February delivery, was down
$1.97 at $88.60 per barrel.

Happy trading!

G.

OUTLOOK Pearson's US education market under spotlightOUTLOOK Morrison the 'winner' in Christmas battle of UK food retailersTFN economic and business calendar

TFN UK calendar and forecasts for today

Tokyo shares close down nearly 6 percent on growing US recession fears

OUTLOOK EU to finalise climate package amid fierce criticism from bloc, industryLondon shares outlook - Weak again after slump yesterday; Asia in free-fall

OUTLOOK EU to finalise climate package amid fierce criticism from bloc, industry

Thomson Financial UK at a glance share guide

BROKERWATCH Norilsk Nickel, Lonmin upped to 'neutral' at HSBC in review

BROKERWATCH Home Retail Group upgraded to 'neutral' by HSBCTokyo shares close down nearly 6 percent on growing US recession fears - UPDATE

UK smallcap opening - EBTM retreats on FY results warning

BROKERWATCH Holmen raised to 'buy, Rexam cut to 'sell' in Goldman sector reviewBROKERWATCH Experian downgraded to 'underperform' by Credit Suisse

UK smallcap opening - Oilex adrift after Oman exploration well update

STOCKWATCH William Morrison down, but outperforms; Seymour Pierce 'outperform'

FOCUS High oil price puts onus on chemical cos to develop energy-saving productsUK smallcap opening - Fiberweb higher on Avgol bid approach

STOCKWATCH British Airways down ahead of results; Merrill Lynch to 'neutral'BROKERWATCH Deutsche Bank, RBOS, Natixis added to Merrill 'least preferred' listUK smallcap opening - Sumus edges up after hefty FY profits increase

STOCKWATCH Protherics nudges up on drug study news; Seymour Pierce keeps 'buy'

UK smallcap opening - EBTM retreats on FY results warning