Latest Stock Market News & Events

[Ciao]

Hello
while you are sleeping, I thought to do a market watchdog
and post here all the interesting news/info that could be to the general knowledge and interest…

however when I sleep I expect the same…..;)

btw I wasn't sure how to headed it.... so if someone got a better title be my guest and change it...

[Ciao]

here are few qoutes

Reports that Chinese regulators have ordered commercial banks to freeze lending through the end of the year in a bid to keep China's economy from overheating added to the slowdown concerns.

Goldman Sachs has predicted a further $48bn of writedowns by the end of 2008. The report of its three leading banking analysts – the trio who foreshadowed Merrill Lynch’s writedowns last month – helped prompt large falls on stock markets on both sides of the Atlantic, taking European indices to their lowest point since August, reports the FT.

Still, some credit market worries lingered in Europe, with shares of buy to let lender Paragon slumping 34.4% in London after the firm said that "deep turmoil" in the credit markets is affecting normal financing activities and that it may have to issue shares to raise money.

[Ciao]

LONDON (MarketWatch) -- Northern Rock fell to new lows on Tuesday on worries over what investors will receive from a shrinking number of suitors for the hard-hit mortgage bank, with specialist lender Paragon getting slammed on worries it too may struggle to survive.

http://www.marketwatch.com/news/stor...&dist=hplatest

i wander how many more banks and how much money is there involved!!!! will we ever know that? :rolleyes:

[Ciao]

here is few info for your w/e reading

The next credit scandal
The real outrage of the credit crunch has been in the way major banks disclosed potential losses. Now, there are billions more in undisclosed risk.
http://money.cnn.com/2007/11/24/maga...tune/index.htm
Cure for pain
Banks are finally taking the tough medicine they need. Will the Fed get in their way?
http://money.cnn.com/2007/11/28/maga...ion=2007112916
Bank stocks: Buyer beware
They're cheap and dangerous. But analysts say there are opportunities for the right investor. (?)
http://money.cnn.com/2007/11/30/news...ion=2007113016

look positive....whatever goes down will return stronger:D

[Ciao]

for info..... same old thing....

LONDON (SHARECAST) - The shadow of the property crash of the early 1990s is looming over the industry as deal volumes collapse to a third of their previous level and property funds take further drastic steps to prevent a liquidity crisis, reports the FT.

Deutsche Bank was the latest fund manager to alarm the sector as it told investors in its RREEF UK core real estate funds – worth £1.3bn – that they would have to wait up to a year to sell units. Triton, a £2.3bn property unit trust run by UBS, is also invoking a similar 12-month waiting period whereby some investors could have to wait up to a year to leave. Investors in Morley’s £1bn pooled pension property fund have also been informed that a redemption period of up to 12 months has been employed.

The quoted restaurant and pub sector suffered a massive sell-off yesterday as profit warnings from Clapham House (yesterday lost nearly 40%) and Regent Inns sparked fears over consumer spending. ScS Upholstery, the sofa specialist, added to the gloom by warning of “a significant adverse impact” on sales, which it blamed on the “sub-prime debt markets and the resultant credit squeeze," writes the Times.
A row has broken out over whether a bearish Goldman Sachs research note, which predicts sub-prime mortgage woes slashing global bank lending by $2,000bn (£967bn), was written partly in order to boost the bank's own short-selling trading book. Lawyer, actor and television presenter Ben Stein, in his New York Times column, called into question the particularly bearish research note in which Goldman's chief US economist Jan Hatzius warned the impact could lead to the US entering a deep recession, reports the Telegraph.

[Ciao]

info.... OPEC meeting gossip
QUOTE]
The oil market is balanced and there is no need for an increase at Wednesday's OPEC meeting.

However, all options are on the table, an OPEC delegate based at the cartel headquarters in Vienna told reporters.

The delegate, who preferred not to be named, said should the cartel choose to hike output, it will not hike by more than 500,000 bpd at most because there is currently oil on the market and no buyers.

'Everyone is offering (oil). There are cargoes and nobody is willing to buy,' he said, adding he does not know what the market would do with an extra 500,000 bpd of oil.

At its last meeting in Vienna, OPEC agreed to hike output by 500,000 bpd, effective November 1st this year, however, the increase failed to stop the meteoric rise in prices near $100 a barrel.

As a result, OPEC ministers gathering for tomorrow's meeting here have repeatedly stressed that high prices are nothing to do with fundamentals, and that they do not control oil prices.

Rather, it is increased fund buying that has inflated the oil price, while the weakening dollar and geopolitical tensions have also played their part, according to OPEC.

'Market speculators are adding a lot to the (oil) price, about $3-$4 every day, which is something we haven't seen before,' said the delegate. He added that OPEC is also concerned about a possible recession.

[/QUOTE]

[Ciao]

Hello
As I didn’t know where to post this news/info here they are….

A raft of European hedge funds have been forced to introduce emergency measures to protect their businesses from collapsing in the wake of the turmoil in financial markets. Up to 10 European hedge funds have suspended redemptions after investors clamoured for their cash when the managers made severe losses. A London prime broker told The Sunday Times that even before last week’s extreme gyrations, nearly two-thirds of London-based hedge funds had lost between 4% and 10% of their value. A “significant number” had lost much more, he said.

The Financial Services Authority (FSA) is to crack down on equity derivatives trading in the wake of the rogue trader scandal that has rocked the French bank Société Générale. Hector Sants, the FSA’s chief executive, and other senior executives at the City regulator called the top managers of investment banks in London on Thursday and Friday. They urged banks to check their risk management and systems controls. City sources said the FSA plans to introduce new guidelines on derivatives trading to prevent a repeat of the fiasco at Soc Gen, reports the Sunday Times.

now they wake up!!!!!

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sorry I couldn' post any more news....
this is what I get....

The message you have entered is too short. Please lengthen your message to at least 1 characters.

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for info (I wasn't sure where to post it... so here it is)

Carlyle Capital on verge of collapse after talks fail
Fund expects lenders to seize assets; to default on remaining debt soon

credit-market casualties included investment fund Carlyle Capital (NL:86522: news, chart, profile) . Shares fell 91.8% in Amsterdam.

http://www.marketwatch.com/news/stor...D6D61C6EB80%7D

European shares stumble amid hedge-fund woes
Shares snap two-session winning streak as banks, miners slide

http://www.marketwatch.com/News/Stor...1F37EB3A4B1%7D

[Ciao]

I am having problem with my internet connection yesterday it was down all day... and still have trouble now....
I hope this post can be seen...

for info
In Europe, Fear Hasn't Spread
http://online.wsj.com/article/SB1205...=regionallinks

Lehman and Goldman move to calm fears about liquidity
http://www.telegraph.co.uk/money/mai...goldman119.xml

Fed's rate cut sends a mixed message
http://www.telegraph.co.uk/money/mai...9/cnfed119.xml