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Lehman
○■ the us president will use this week's anniversary of lehman brothers' collapse to promise to drive through financial changes in the face of opposition from banks and regulators and congress
○■ • Shares drop sharply a s eurozone relief rally runs out of steam• Events in Westminster leave sterling under pressure8.18am: Here's what my colleagues at the Guardian wrote about. • Jill Treanor looks at how Europe's €750bn shock and awe has averted a new Lehmans - for now• Andrew Clark in New York writes about Goldman Sachs' 'perfect' first quarter - despite its legal woes• Nick Fletcher sums up yesterday's trading day in Market Forces8.01am: The London stock market was bathed in red this morning, with the FTSE 100 falling more than 90 points to 5297.01 in the first minute of trading, a drop of nearly 1.7%.Despite rallying to nearly $1.31 yesterday and the euro ended the day at $1.2810, and has continued to weaken this morning and hitting a low of $1.2676, lower than yesterday's open at $1.2740. It's also lower than Friday's close of $1.2759 - before the huge bailout was announced.7.50am: With the London stock market opening in 10 minutes and it's worth checking the reaction in Asia. It's not too good - Japan's Nikkei fell 119.6 points to 10,411.10, that's a 1.14% decline. Hong Kong's Hang Seng index came under more pressure dropping 429 points (or just over 2%) to 19,997.56.Ben Potter, market strategist at IG Markets and believes that yesterday's relief rally is about to peter out in Europe: Yesterday's burst higher by European equities is already looking short lived amidst concern over a wide range of issues. Without doubt when gains of 5%+ are seen in a single day a degree of reversion is perhaps to be expected but the bigger concerns are perhaps being leveled at the Eurozone countries where Trichet said there was no pressure for the ECB to START buying up government bonds and whilst in London the question is now being asked as to just how long it will take for a new government to be Rescuing of European sphere. As meeting sudden•Drop of stock•As for the Westminster event leaving pound with pressure8.18am, execution of the steam: Here with guardian as for colleague
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