Hello traders!

In the US tonight, the S&P500 fell 18 points at 881.03, the Dow Jones Industrial
Average slid 161 points to 8,163.6 points and the Nasdaq Composite lost 41
points at 1,746.2 points.

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

G.

Good morning traders!

In Asia today, the Nikkei was off 239.37 points at 9,408.42, while the Hang
Seng ended the morning down 301.3 points at 17,560.97.

Crude oil traded at $62.18 a barrel on Nymex.

Happy trading!

G.

Morning all. Market reports:

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

America will look at imposing limits on commodity trades to crack down on oil speculators, in another sign of the dramatic changes President Barack Obama is bringing to financial markets. Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), announced hearings in July and August to discuss the possibility of limiting traders positions in oil, natural gas and other "finite" commodities.
US plans commodities trading limits

Hopes that the recession had ended in the second quarter were all but dashed yesterday when it emerged that manufacturing had suffered a surprise slump, prompting economists to say that the economy had shrunk for a fifth consecutive quarter between April and June.
Factory output fall dashes recovery hopes

The German government is mulling the "unprecedented" step of lending directly to companies as credit dries up for both Mittlestand family firms and the industrial export giants.
Germany considers direct lending

Hu Jintao, the Chinese president, on Wednesday cut short his visit to Italy, where he was planning to attend the annual Group of Eight summit of world leaders, three days after the worst ethnic unrest in China since the Cultural Revolution erupted in the Muslim-dominated Xinjiang autonomous region.
Hu quits G8 trip to tackle Xinjiang crisis

Rio Tinto's iron ore sales team has been arrested in Shanghai, threatening a diplomatic rift between Australia and China. The arrests come amidst increasingly bitter negotiations over iron ore sale contracts and Chinese fury over Rio Tinto's decision earlier this year to abandon a $US19.5 billion (12.2 billion) merger with state-owned Chinalco in favour of a joint venture with BHP Billiton, its bitter rival.
Rio Tinto's iron ore sales team arrested in China

The purported theft of a Goldman Sachs (GS.N) trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business. He added that because of the way this software interfaces with the various markets and exchanges, the bank has warned it could be used to "manipulate markets in unfair ways."
Code theft could cost Goldman millions, U.S. says

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

ANTO Citigroup: upgraded to hold from sell, tp raised to 600 from 550
BLT Investec: upgraded to buy from hold
ENRC Citigroup: reiterated hold, tp 750
FQM Citigroup: upgraded to buy from hold
FXPO Citigroup: reiterated hold, tp cut to 140 from 165
LMI Citigroup: reiterated hold, tp cut to 1190 from 1385
LMI Investec: upgraded to hold from sell
RIO Citigroup: reiterated buy, tp raised to 2900 from 2810
RIO Investec: upgraded to buy from hold
VED Citigroup: upgraded to hold from sell, tp raised to 1460 from 1100

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