Hello traders!

In the US tonight, the Dow Jones was down 100.97 points at 12,402.85, while the
S&P500 dropped 8.02 points at 1,377.65 and the Nasdaq Composite climbed 11.77
points to 2,492.25.

See you tomorrow with the latest......

G.

OUTLOOK William Morrison Supermarkets to report robust Q1OUTLOOK William Morrison Supermarkets to report robust Q1OUTLOOK Johnson Matthey full-year profit gains from robust precious metal marketOUTLOOK Severn Trent FY pretax seen up; focus now on Ofwat price reviewThomson Financial Europe AM at a glance share guide: Stocks mixed; oil fallsThomson Financial Europe AM at a glance share guide: Stocks mixed; oil fallsThomson Financial Europe AM at a glance share guide: Stocks mixed; oil fallsTFN economic and business calendar

Morning all. Market reports:

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

Britain is uniquely vulnerable to the deepest economic slump since the recession of the 1990s because the Government has left itself no room to cut taxes, a report warned yesterday.
OECD slams Government over taxes

The services sector, which accounts for three quarters of UK economic growth, is shrinking for the first time in more than five years, new figures have shown.
Recession fear as services sector falls

Many of Britain's biggest housebuilders could be forced into deeply discounted emergency rights issues before the end of the year, City analysts are warning, amid unprecedented gloom about the prospects for the sector.
Builders facing cash calls as sales slump

The world's three biggest credit-rating agencies were close to securing a deal with US regulators yesterday to reform the way in which they assess risk in the wake of America's credit crisis.
Big three US rating agencies poised to agree new method of risk assessment

The head of Lehman Brothers has hit back at critics of the beleaguered investment bank, claiming it remains the best capitalised bank on Wall Street. Dick Fuld, Lehman's long-standing chairman and chief executive, told staff it retains a "strong capital position" as he sought to play down continued rumours that the bank is in a liquidity crisis.
Lehman's chief downplays liquidity fears

Crit Agricole, one of France's largest banking groups, will this week launch a discounted rights issue to raise 5.9bn (4.66bn), as it becomes the latest European bank to turn to its shareholders for cash, following the onset of the credit crunch.
Crit Agricole turns to shareholders to raise 5.9bn cash

Citi, one of two investment banks that had been underwriting Bradford & Bingley's aborted 300m rights issue, is believed to have been the driving force pressing for the cash call to be repriced. The bank's fellow underwriter, UBS, made it clear to the B&B board, and to the Financial Services Authority, that it would continue to support the troubled cash call despite the severe profits warning, according to sources close to the mortgage bank boardroom. "Citi ran a mile from the underwriting. Their behaviour was disgraceful."
Citi 'ran a mile' from B&B share rights issue

The Financial Services Authority is investigating potential insider trading in Bradford & Bingley stock in the days leading up to the buy-to-let lender's shock profits warning.
FSA insider trading probe into Bradford & Bingley slide

A catastrophic water shortage could prove an even bigger threat to mankind this century than soaring food prices and the relentless exhaustion of energy reserves, according to a panel of global experts at the Goldman Sachs "Top Five Risks" conference.
Drought 'to be biggest world risk'

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

TFN UK calendar and forecasts for today

12:00 UK BoE Rate Decision (consensus no change at 5%)
12:45 EU ECB Rate Decision (consensus no change at 4%)
13:30 US Initial Jobless Claims (consensus 375K+Hillary Clinton)
13:30 US Continuing Claims (consensus 3110K)
15:00 US Mortgage Delinquencies Q1

London shares outlook - Weaker ahead of interest rate decisions; NY, Asia mixed

*WILLIAM MORRISON SAYS Q1 IN LINE WITH HOPES, OUTLOOK FOR CURRENT YEAR UNCHANGED

BROKERWATCH Wolseley downgraded to 'sell' from 'neutral' by Goldman Sachs

Thomson Financial UK at a glance share guide

BROKERWATCH RBS upgraded to 'buy' vs 'hold' at CitigroupBROKERWATCH Lonmin cut to 'neutral' vs 'buy' at Goldman Sachs in metal review

STOCKWATCH William Morrison lower as sales growth rate slows in Q1

UK smallcap opening - Redhall higher after bumper FY results; Altium upgrades

Australian shares close lower, dragged down by resources sector - UPDATEUK smallcap opening - Leed Petroleum up on Eugene Island update

STOCKWATCH Imperial Tobacco rises after Merrill Lynch adds to Europe 1 list

BROKERWATCH BAE Systems added to Credit Suisse European Focus list

UK smallcap opening - Delta rises on pension plan; positive update

STOCKWATCH Johnson Matthey falls on profit-taking after resultsSTOCKWATCH Johnson Matthey falls on profit-taking after resultsTokyo shares close lower as investors take profit in oil-related stocks - UPDATE

UK smallcap opening - Vernalis advances on Apokyn sale

UK smallcap opening - Central African Gold dips after JV deal