The Market is down 101 and below 5000 again (4983). SFE Futures & #160;suggested a 17 point fall in the market this morning on the back of a closed Wall ST on Friday and a fall in European Markets of an average 1.3%.Resources down 1.9%, Financials down 2.3%, Property Trusts down 5.2% after a profit warning from GPT which including a warning of tough conditions for the rest of the year.Dow closed on Friday. Friday's European news: & #160;All the European Indexes down- FTSE100 down 1.16%. Germany down 1.3%. France down 1.8%. & #160;Financials down- Main issue was the banks. Goldmans research note making some headlines - says European banks might have to raise another 90bn Euros and give up a years worth of dividends to restore balance sheets with continuing fallout from the credit crisis. Banco Santander fell 4.3%, Royal Bank of Scotland down 3.2%, BNP Paribas down 2.8%, UBS fell 2.6%. In the UK the Bradford & #38; Bingley Building Society fell 18% on the news they will have to increase their capital raising by 400m GBP after U.S. private equity investor TPG Capital pulled out of buying a stake. The DJ Stoxx bank index is down 35% so far in 2008 and fell another 3% on Friday.BHP was up 0.8% and RIO up 2.56% in the UK. BHP down 1.9% and under & #36;40 this morning. RIO down 2.2% or 273c to & #36;129.97 this morning.Gold PM fix in the UK down & #36;2.75. Newcrest down 4% this morning with Lihir down 3.5%. St Barbara Mines down 10% and is no ...
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