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This is Money

Traders are predicting chaos on the world's second-largest government bond market after the German authorities on Tuesday announced a ban on all naked short-selling in European public debt, as well as shares in the country's 10 largest financial institutions.
Market chaos warning after German ban on shorting

American politicians have fired a shot across the bows of the International Monetary Fund, warning it to tread carefully in offering bailout loans to eurozone members and other indebted countries.
US senators seek veto on IMF loans to eurozone

Barrons on Tuesday called it the crash you didnt hear. They were referring to the sell-off in the Thomson Reuters/Jefferies CRB index, which dropped 2 per cent and hit a seven-month low on Monday, after falling some 10 per cent in the past month.
Is it really a commodity crash?

The world's fund managers have seen the sharpest drop in risk appetite since the dotcom recession, losing faith in the "Goldilocks" recovery as China chokes off credit and the fuse blows on sovereign debt.
Funds embrace America in flight from risk

The New York University professor, Nassim Taleb, who made his name predicting the credit crunch, has told investors to dump equities and government bonds and buy 'hard assets'.
Professor tells investors to sell shares and bonds

Inflation keeps on rising. Mervyn King keeps on saying its a blip. And the markets keep on believing him. Just. The jump in inflation to 3.7 per cent in April would have been more shocking if we werent getting used to these shocks. Inflation has persistenly outstripped the expectations of City economists and of the Bank of England.
The elephant in the room just got bigger

US stock exchanges are to impose market-wide "circuit breakers" on major companies' shares in a bid to prevent a repeat of the near-1,000 point fall on the Dow Jones Industrial Average two weeks ago.
Trading curbs to be imposed on US shares after 'flash crash'

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE
KOSPI	SENSEX	VIX	GBP/USD
GBP/EUR	NYMEX CRUDE	GOLD

Good morning traders!

In the US last night, the Dow dropped 115 points at 10,511, the Nasdaq Composite
lost 37 points at 2,317 and the S&P500 fell 16 points at 1,121.

In Asia today, the Nikkei was last down 119.14 points at 10,123.5, while the Hang
Seng ended the morning off 212.79 points at 19,732.15.

Crude oil traded at $68.25 a barrel on Nymex.

Gold settled at $1,207 an ounce.

Happy trading!

G.

End-of-day Market Overview

One for the "UPS"
TEF 100p
Reason: Are excellent value with an experienced management team and strong balance sheet. At a discount of 25% NAV results next Wednesday, last update "Full year figures expected to be materially ahead of market expectations" Expectations are for EPS 13.40p (already 10.6p at 1H) a PE of 7.6 but that will be well beaten.

Intraday Chart

3 month candlestick with volume

2 days - 15 min

3 month

Another for the "UPS"
TW. 32.835p
Reason:Large retracement lately to the point were share price is at Lower Band of the Bollinger Band ( they say buying time. Recent AGM comment "The Group as a whole has performed in line with our expectations in a gradually improving.

Intraday Chart

3 month candlestick with volume

2 days - 15 min

3 month