In the UK shares closed weaker but well off session lows today after the DJIA bounced in early trading back from sharp opening falls as crude price eased after Saudi Arabia said its would be ready to raise output by 1.3 mln barrels per day 'immediately' to help meet world demand and curb soaring prices.

But with the Nasdaq index still suffering after disappointing news overnight from Cisco, and with ex-dividend factors weighing heavily on FTSE 100 at the close, the FTSE 100 index was 38.7 points lower at 4,312.2, well off its low for the day of 4,289.6, having retreated from the session's opening peak of 4,356.9.

All the broader FTSE indices were lower with volumes low - 2.05 bln shares changing hands in 170,250 deals.

In the US the markets got all knickers in a twist over Cisco and oil prices and opened well down but as the day wore on they came back to close well off their lows for the day with the DOW even going blue for a nanosecond.

The DOW closed down - 6.35 at 9938.32
The S&P closed down 3.25 at 1075.79
The NASDAQ closed down 26.28 at 1782.42

Last night before Cisco I was bold enough to suggest a positive day for the UK and the Market as it does made a fool of me.

So tonight this old fool thinks the UK will definitely move about a bit.

Good Hunting
Foolish of Oxon

wow busy thread

Thanks Martini. I think it will move about a bit too!

thx for the summary, Martini..

Morning all - first here by the looks of it!

morning campers

Morning all.

AQP - some good, some bad.
http://moneyam.uk-wire.com/cgi-bin/articles/20040812071331PD70D.html

TIG - Q3 results seem OK. Not sure about the exceptionals.
http://moneyam.uk-wire.com/cgi-bin/articles/200408120700078848B.html

BDI - contract win.
http://moneyam.uk-wire.com/cgi-bin/articles/200408120700078838B.html

AMS - FDA approval, but is it enough to reverse recent declines?
http://moneyam.uk-wire.com/cgi-bin/articles/200408120700078837B.html

CNE - off drilling in Nepal next.
http://moneyam.uk-wire.com/cgi-bin/articles/200408120700048799B.html

LGI - wonder if this might kickstart the share price.
http://moneyam.uk-wire.com/cgi-bin/articles/20040812070000PD6E6.html

CWD - ticking along. A bit to do to meet FY forecasts.
http://moneyam.uk-wire.com/cgi-bin/articles/20040812070000P15EE.html

SHP - FDA approval for ADDERAL XR.
http://www.moneyam.com/action/news/showArticle?id=413909

Long ALM, AQP, DVO, PDX, short LAC, OKR, PLR.

Have a good day.

Morning all,

5 min to find out whats happening! Can't see anything that involves streaming on my work computer, (something to do with java?)but can see the heat maps!

mornin all

Does the monitor work ? mine has the wrong volumes.

Afternoon!

Another slow and dreary August trading day.

Things looking good on AQP, PDX and OKR trades with the rest pretty much the same. Have added a wee short on RDW, but it's gone nowhere much either.

All in all, boring really.

but there are bits of blue today - which is a nice change!

Expecting a few storm clouds to obscure that blue, this afternoon.
HP, Cisco, Oil should see to that.

Wouldn't do any bottom fishing, just yet, if some of you
are contemplating it. (IMHO)

Melnibone.

stockbunny - I don't mind blue or red as long as I'm the right side of them! ;-)

;>) Big Al!But blue brings in more on the BB to chat!

I'm not bottom fishing M. just happy to pocket the gain on SVT today
and bank it for another less potentially stormy day!

True.

The DJ is over 100 down and still dropping

Watching it now Little woman. Little bounce before down to
the close, IMHO.
NDX down to new lows today.

If it falls towards the close, it would mean that the FTSE closed
near the US highs. Seems to happen quite often, that, doesn't it?
What a coincidence. :-)))

Anyone who went long, late this afternoon, will be producing
kittens at the moment. ;-)

Melnibone.

Well, we got the little bounce and the drift down to the close.
Folk just seem to be looking for an out at the moment.
It will need the Bears to scare and start squeezing themselves
to get much upside in these markets, IMHO.

So the Ftse closed near the US highs and the US closed near
it's lows. Unless we get something positive after the bell that
starts the US futures rising, it's starting to look like a gap
down open on the FTSE tomorrow. It's got a cushion before it
hits 4300, and it needs it. If it starts going much below there,
traders will be looking for a test of 4200, especially if
DOW/NDX/S&P 9800/1300/1060 start to give way.

Melnibone.