Hello traders!

In the US tonight, the Dow slumped 381.99 points to 7,888.88, while the S&P500
fell 42.73 points to 827.16 and the Nasdaq Composite tumbled 66.83 points at 1,524.73.

See you in the morning with the fallout.....

G.

Good morning traders!

In Asia today, the Hang Seng ended the morning down 442.89 points at 13,437.75,
while Tokyo is closed for a public holiday.

Happy trading!

G.

Morning all. Market reports:

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

US Treasury Secretary Tim Geithners $2 trillion plan to tackle America's banking crisis was branded as vague and disappointing, by investors who sent the US stock markets tumbling almost 5pc in response.
Tim Geithner's 'conceptual' banking rescue fails to reassure investors

China faces a bout of deflation, economists warned Tuesday as data revealed that inflation dropped to its lowest in 2 years in January and that the price of goods leaving factories fell 3.3% in January.
Economists warn on China deflation

The City is braced for a big rise in unemployment today and a gloomy forecast from the Bank of England suggesting the recession is far from over.
Fears unemployment could have hit 2 million already

The Bank of England's Monetary Policy Committee should cut interest rates to zero and start quantitative easing straight away, a panel of former policy makers and economists said today.
Bank of England's economic model is a 'waste of time', ex-MPC members argue

A former HBOS executive claimed today he was fired after raising concerns that the bank was exposing itself to too much risk.
Dismissed executive 'warned HBOS of risk'

On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.
Within 24 hours the world economy would have collapsed

Nikkei is closed today.

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

End-of-day Market Overview