One for the UPS

UPS

PRL 4.475p
Reason : Bouncing last Friday from 61.8% Fibonacci retracement and lower Bollinger Band. Indicators were at oversold also. Despite current economic uncertainties, the long-term outlook for uranium and coal in some parts of the world is likely to hold up relatively well. Polo has stakes on Caledon Resources and GCM.

PRL

Bouncing last Friday from 61.8% Fibonacci retracement

Morning all. Market reports:

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

Saturday

US markets were spooked on the final trading day of October as investors questioned the real extent of the global economic turn-around, despite America's positive growth in the third-quarter.
Recovery fears return to haunt markets on eve of Hallowe'en

Stocks tumbled Friday, more than erasing the previous session's gains, as investors dumped a variety of shares at the end of a rough week and choppy month on Wall Street.
Stocks take a big slide

Remember the days when hurricanes and geo-political events made oil fly? Well, according to Olivier Jakob at Petromatrix, those days - for the time being at least - should be forgotten. The correlations between the Dow, the dollar and oil are now so well set, traders simply cant afford to ignore them.
RIP oil fundamentals?

Nationwide may have reported the first annual gain in UK house prices since March 2008, but that wont offer much respite to UK building societies, seven of which on Friday had their lower tier 2 subordinated notes (LT2) and permanent interest bearing shares (PIBS) downgraded between one and two notches by ratings agency Fitch.
Fitch slashes UK building societies

The Galleon Group insider trading scandal continues to grip New York two weeks after fraud and conspiracy charges were brought against Raj Rajaratnam, co-founder and one of Americas richest men, and five others.
New York agog at Galleon insider dealing allegations

Sunday

The Bank of England has been urged to increase its quantitative easing (QE) programme to a total of 225bn - more than the gross domestic product of Greece.
Bank of England called on to increase QE

The UK could run out of gas within six hours this winter, the Observer has learned. The revelation has sparked a row between the Conservatives and Labour over who is doing more to keep the heating on. Last winter, the UK was left with only three days of reserves when foreign energy companies started exporting gas to supply their European customers after Russia cut supplies that used a pipeline through Ukraine.
Winter crisis could see UK 'run out of gas in hours'

The Russian government is to announce an 11bn bond issue in London this week in an attempt to draw Western investment into its crisis-hit economy.
Russia's 11bn UK bond bid

Monday

CIT group, Americas leading specialist lender to small business, filed for Chapter 11 late last night in the fifth biggest bankruptcy in US history. The collapse of the 101-year-old Utah-based lender, which trails behind only those of Lehman Brothers, Washington Mutual, Worldcom and General Motors in size, will leave US taxpayers with a $2.3 billion (1.4 billion) bill.
CIT bankruptcy filing will cost US taxpayers another ?2.3bn

A second credit bubble in the shape of the high-yield bond market is appearing on the horizon even before the harsh effects of the "crunch" have been fully realised.
Junk bond revival stokes credit bubble fears

This weeks meeting of the Banks Monetary Policy Committee (MPC) could well be a fiery affair. Even before the shock figures last month showing that the country had failed to emerge from recession in the third quarter, there had been rumblings of divisions within the committee over how to keep inflation on track.
MPC looks forward to a sparky meeting

Members of the monetary policy committee, who start their monthly two-day meeting on Wednesday, must decide whether to press on with the radical 175bn experiment. Businesses are urging the Bank of England to extend its controversial policy of quantitative easing this week or risk prolonging the recession.
Businesses urge Bank to extend quantitative easing

Britain is the only country in the Western world to have seen an increase in the deficits faced by its biggest pension funds, it has emerged.
UK alone in pension fund slump, says OECD

The Conservative Party's plans to slash public spending and shrink the deficit as soon as reaching office could spell "disaster" for the UK economy, a prominent economic consultancy warns.
Tory economic tightening plans could be a disaster, warns survey

Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending - and allowing it to push public debt beyond the point of no return.
It is Japan we should be worrying about, not America

For several years now, Saudi Arabia has argued that it has not been well-served by the New York Mercantile Exchange's faith in this oil. Saudi Aramco, the national oil company, is fed up with being given a price for WTI crude that it claims fails to represent the global picture of supply and demand.
Do Saudis have the clout to destroy NYMEX?

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Is there talk in the city of the 2 big players in the pawn industry {gold} getting in to bed together,you just could not write it could you !