Hello traders!

In the US tonight, heading into the close, the DJIA was down 45.59 points at
11,054.95 with the S&P500 off 11.2 points at 1,228.29 and the Nasdaq
Composite 26.21 points lower at 2,212.87.

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

G.

Good morning traders!

In Asia today, the Hang Seng shed 711.02 points to finish the morning at
21,303.44, while the Nikkei was recently down 255.61 points at 12,754.55.

New York's main contract, light sweet crude for August delivery, was off 41 cents
to $144.77 a barrel from Monday's close of $145.18 at the end of US trading hours.

Happy trading!

G.

Morning all. Market reports:

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

More than 300 banks could fail in the US within three years, a gloomy new assessment warns. RBC Capital Markets analyst Gerard Cassidy has doubled his estimate of failures from the 150 he predicted in February.
Analyst warns 300 US banks could fail

Transactions in the housing market are at their lowest since the Royal Institution of Chartered Surveyors began surveying its members 30 years ago.
Property sales slump to lowest level ever recorded

Factory gate inflation broke into double digits last month, for the first time since current records began more than two decades ago. Manufacturing output prices rose by a record 10 per cent in the year to the end of June, driven by a rise of more than 30 per cent in the price of raw materials and other input costs.
Double-digit rise in factory gate prices for first time in 20 years

The vultures are circling Dawnay, Day International, the financial services group, as it faces selling off assets at a fraction of their value after calling in administrators. Several of its subsidiaries moved to distance themselves yesterday from the parent company's funding woes.
Dawnay, Day faces asset sell-off at fraction of value

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

VIX

09:30 UK CPI June (MoM consensus 0.5%, YoY 3.6%)
09:30 UK RPI June (MoM consensus 0.5%, YoY 4.3%)
10:00 EU ZEW Economic Sentiment Survey
13:30 US Producer Price Index June (MoM consensus 1.3%, YoY 8.6%)
13:30 US Advance Retail Sales June (consensus 0.4%)
13:30 US Empire Manufacturing (consensus 3%)
15:00 US IBD/TIPP Economic Optimism July (consensus 36.8)
15:00 US Business Inventories May (consensus 0.5%)
15:00 US Ben Bernanke Testimony at Senate
19:15 US Henry Paulson Speaks
20:30 US Fed Governor Janet Yellen Speaks
22:00 US ABC Consumer Confidence (consensus -42)

TFN UK calendar and forecasts for todayThomson Financial Europe AM at a glance share guide: Stocks, oil mixedTFN economic and business calendar

The Tuesday Press Roundup

London shares outlook - lower as NY closes down, ahead of UK CPI figures

BROKERWATCH ITV upped to 'equal-weight' vs 'underweight' at Lehman Brothers

Tokyo shares close sharply lower on credit worries, firmer yen

BROKERWATCH Hays & Adecco off 'Least Preferred List' in sector review at UBSBROKERWATCH Old Mutual started as 'overweight' at JP Morgan, target 114 pence

BROKERWATCH Aviva kept as 'overweight' at Morgan Stanley, cuts insurers' targetsThomson Financial UK at a glance share guide

BROKERWATCH A&L upgraded at Goldman Sachs, Dresdner Kleinwort and Credit SuisseTokyo shares close sharply lower on credit worries, firmer yen - UPDATE

STOCKWATCH European chip makers seen under pressure on read-across from Novellus

UK smallcap opening - Mobile Streams ticks up after trading statement

UK smallcap opening - Clarity Commerce higher on Dutch contract win

BROKERWATCH Lonmin upgraded to 'buy' from 'hold' at Investec Securities

London shares open lower on Asian, U.S. markets drops; financials weak

UK smallcap opening - Jetion up on positive update

UK smallcap opening - Inion Oy firms on FDA regulatory approval