Hello traders!

In the US tonight, the DJIA was down 297.96 points at 7,552.45 with the S&P500
off 37.67 points at 789.17 and the Nasdaq Composite 63.7 points down at 1,470.66.

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

G.

Morning all. Market reports:

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

General Motors and Chrysler last night asked the US government for an additional $21.6bn (15.2bn) in emergency funding on top of $17.4bn already received as the two car manufacturers fight to stave off bankruptcy.
GM and Chrysler ask for $21.6bn more

President Obama will reveal a plan today to stem the flood of home repossessions afflicting millions of American families after signing his $787 billion economic stimulus package into law last night.
Barack Obama gambles billions to save homes and jobs

Germany has acknowledged for the first time that it may have to rescue eurozone states in acute difficulties, marking a radical shift in policy by the anchor nation of Europe's monetary union.
Germany may rescue debt-laden EU members

Gold has surged to an all-time high against the euro, sterling, and a string of Asian currencies on mounting concerns that global authorities are embarking on a "Zimbabwe-style" debasement of the international monetary system.
Gold hits record against euro on fear of Zimbabwean-style response to bank crisis

The state of California was yesterday set to fire 20,000 public employees as it teetered on the brink of a total financial collapse. The crisis in the Golden State, home to 37 million people and a $1.8 trillion economy, is now so intense that anyone who overpaid their 2008 taxes will receive an IOU instead of a refund cheque.
One in five California public workers to be fired as Arnold Schwarzenegger cuts deep

Is Dubai poised to become the Iceland of the Middle East? The news dripping out of the most populous city of the United Arab Emirates has been bad for months and worse is coming.
Is it goodbye to Dubai as a business hub?

Allen Stanford, the flamboyant Texan billionaire and cricket impresario who sponsored a $1 million-a-man match in the West Indies, was charged in the US yesterday in connection with an alleged $9.2 billion (6.4 billion) investment fraud.
Allen Stanford, the Texan behind 20/20 cricket riches, charged over $9.2bn 'fraud'

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

Good morning traders!

In Asia today, the Nikkei was up 111.07 points at 7,534.44, while the Hang Seng
closed the morning down 202.16 points at 12,743.24.

Crude oil was down 42 cents at $34.60 a barrel on NYMEX.

Happy trading!

G.

0734 AV. Caz: cut to inline from outperform
0710 STAN ING: initiated sell
0633 SN. Citigroup: upgraded to buy from hold, tp raised to 618 from 540 [1]

End-of-day Market Roundup