Hello traders!

In the US tonight, after rising more than 150 points, the Dow Jones Industrial
Average finished down 46 points to 12,110.

The S&P 500 fell 11 points, or 0.9%, to 1,308, while the Nasdaq Composite lost 11
points to 2,243.

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

G.

A friend of a friend of a friend brought up the prospect of NNG this evening. So far, I've looked at the charts, fundamentals (which look shocking) and holdings, and have seen nothing which lights my fire. Anyone out there with more than 6 months experience let me know if this is even worth a punt please??

Morning all. Market reports:

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

Global stock markets may have cheered the US Federal Reserve yesterday, but on Wall Street the Fed's unprecedented move to pump $280 billion (140 billion) into global markets was seen as a sure sign that at least one financial institution was struggling to survive. The name on most people's lips was Bear Stearns.
Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble

Several hedge funds with assets of more than $4 billion (2 billion) were on the brink of collapse last night or had halted withdrawals, despite moves by the US Federal Reserve this week to ease Americas deteriorating credit crisis with a $200 billion collateral lending facility.
Hedge funds on the brink as US Federal Reserve cash fails to ease crisis

Alistair Darling's footling initiatives yesterday were a sideshow. There is one overwhelming challenge facing the business world and it is not going to be addressed by 10 million more for science teachers or 12 million for women entrepreneurs.
Alistair Darling ignores the looming collapse of financial institutions

Mortgage lenders HBOS and Bradford & Bingley are overhauling their executive remuneration schemes to protect directors' bonuses as their growth prospects worsen amid the credit crunch. Directors at both banks also saw their pay shoot up despite falling profits and tumbling share prices.
HBOS and B&B act to 'protect' bonuses

The crisis at SociGale deepened yesterday as police raided the French bank and arrested a second trader in connection with the 4.9 billion (3.75 billion) losses run up by the rogue trader Je Kerviel.
SocGen plight worsens as second trader questioned on rogue losses

The price of oil soared to a new record level above $110 (54) a barrel yesterday, oblivious to news that stockpiles of crude in the US were higher than expected.
Weak dollar causes oil to surge past $110

Despite the assurances about the resilience of the UK economy and its relatively healthy performance by comparison with other large industrialised nations, there was no room for doubt in what the Chancellor told the nation yesterday: we are set for lower growth, higher inflation and a worse trade balance than was thought possible even six months ago.
These are the economy's darkest days since New Labour came to power

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, the Nikkei ended down 427.69 points at 12,433.44, while the Hang
Seng closed the morning down 715.47 points at 22,707.29.

New York's main oil contract, light sweet crude for April delivery, was at $109.76
per barrel, off 16 cents from its record closing high of $109.92 in US trading hours
Wednesday.

Happy trading!

G.

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