Hello traders!

In the US tonight, approaching the final close, the Dow was up 108.28 points at
12,348.29, while the S&P500 was ahead 6.35 points at 1,345.48. The Nasdaq
Composite was off 4.06 points at 2,316.00.

See you in the morning with the latest....

G.

Morning all. Market reports:

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

Billionaire investor Warren Buffett is throwing beleaguered bond insurers an $800bn (408bn) life-line in a bid to prevent further fall-out from the US sub-prime mortgage crisis.
Warren Buffett in $800bn bond bail-out

Defaults in the US housing market are spreading from sub-prime to the much larger stock of top-grade housing debt, threatening to set off a wave of even bigger losses for banks and investment funds.
US credit crisis escalates as defaults spread

Big discounts in the January sales kept a lid on inflation but economists warned that prices are set to rise sharply in coming months as rising food, energy and utility bills continue to ratchet up the cost of living.
Discounts check inflation but prices 'to soar'

Rising inflation has put the possibility of further interest-rate cuts in doubt, offering little relief for homeowners struggling to pay their mortgages.
Hopes of rate cut are dashed by inflation rise

The downturn in the UK housing market is gathering pace with the number of estate agents reporting falls in the price of housing reaching its highest level for over 10 years.
Most estate agents report price falls

India's flagship Sensex index is feeling the effects of sub-prime, losing more than one-fifth of its value since January.
Indian investors are left to nurse sore heads

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK Liberty International set to reveal lower NAV as valuations declineOUTLOOK British Energy 9 mth EBITDA seen down, eyes on possible nuclear partnersOUTLOOK Reckitt Benckiser FY overshadowed by concerns over consumer outlookOUTLOOK Bradford & Bingley FY profit seen 3.3 pct higherAustralian shares close lower, dragged down by banks - UPDATETFN economic and business calendarThomson Financial Europe AM at a glance share guide: Stocks mostly higher

Good morning traders!

In Asia today, the Nikkei closed up 46.34 points at 13,068.30, while the Hang Seng
was up 433.11 points at 23,354.78 at the midpoint.

Happy trading!

G.

TFN UK calendar and forecasts for today

London shares outlook - lower, ahead of BoE inflation report, earnings news

BROKERWATCH Wolseley cut to 'underweight' vs 'equal-weight' at Morgan Stanley

BROKERWATCH HSBC upgraded to 'buy' from 'neutral' by UBS, target 840p vs 890

The Wednesday Press Roundup

Thomson Financial UK at a glance share guide

BROKERWATCH Lonmin upped to 'neutral' by Goldman Sachs; price target 3,600 pence

UK smallcap opening - Formjet climbs on M&S partnership

STOCKWATCH Rio Tinto down after in-line results; Landsbanki reiterates 'hold'

UK smallcap opening - Vero Software rises on upbeat trading statement

London shares open lower; caution ahead of BoE inflation report; banks lower

UK smallcap opening - Nighthawk Energy firms on Cisco Springs land acquisition

UK smallcap opening - Lipoxen up on US patent grant

STOCKWATCH Bradford & Bingley down on impairment charge; Cazenove 'underperform'

STOCKWATCH British Energy lower as profit falls; Merrill Lynch keeps 'sell'STOCKWATCH Liberty Intl down with sector; NAV in line with market estimatesUK smallcap opening - Trifast slides on static FY profits warning