* Dow regains a further 173 points and Nasdaq rises 36 points
* Financial markets are braced for large interest rate cuts across Europe today amid mounting evidence of a sharp slowdown in the leading global economies
* A fresh sign in the deterioration of credit market conditions emerges as the Markit/Traxx Crossover index rose above 1,000 basis points for the first time since it was created in 2004, implying a record number of companies are on the verge of default because of deepening financial problems
* US Institute for Supply Management Service index hits record low of 37.3 vs 42 expected
* US non-farm productivity rose at a revised annual rate of 1.3% in third quarter, vs a rise of 0.9% expected
* US unit labour costs rose 2.8%
* US private employers shed 250,000 jobs in November, the most in seven years
* Interest rates on US mortgage loans fell to an average 5.47% last week, lowest in over three years
* Gordon Brown unveils mortgage interest deferral scheme
* US in rescue plan to push down home loan rates
* UK services sector contracted at a record pace last month
* China's devaluation raises fears of shock to world recovery
* Personal computer sales seen down 5.3%, according to IDC
* Schlumberger warns on 2008 profits
* Cisco Systems comfortable with long-term revenue outlook
* Microsoft cautiously optimistic about Xbox sales
* Vodafone to appeal against India tax ruling
* Court of Appeal refuses to reinstate charges against a group of drugmakers accused of cheating the NHS
* The number of domestic trips taken by British residents declined dramatically this summer as the decline in tourism gathered pace, according to VisitBritain
* Numis revenues tumbles 41^ as deal fees dry up
* Carlyle, the private equity group, to cut 10% of staff
* Up to 1,000 London jobs to go as Nomura takes over Lehman Bros
* Bank of America/Merrill to lay off 30,000 as financial sector suffers record job losses
* Metals traders brace for Chinese buying spree as global aluminium prices plummet
* Blackberry firm Research in Motion blames delays for profits warning
* Pressure on Speaker to resign as he blames colleague for Damian Green police raid.
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