Although the present market is still feeling the effects of the credit tightening which has put currencies such as the dollar under more pressure the Yen has reaped the benefits.

As a funding currency the Yen in carry trades is picking up from the continued high risk aversion status. The Yen continues to hold up against other currencies such as the euro, dollar and Aussie which are known to be high yielding.

Debts amounting to over 105 billion will have the credit rating lowered which comes after the subprime financial mortgage crisis.

Today saw the treasury prices were lower, investors were seeking bargains on the stock market probably trying to pick up on the recent economy worries.
Good earnings have been seen from Wal-Mart stores.

The Bank of England announce that consumer lending has increased more than expected for the month of September 2007, 11.2 billion pounds to be exact as compared with only 9.6 billion pounds for August.

Experts certainly didn't have this expectation and also saw some strange turns in the mortgage lending arena as mortgage approvals saw a drop.

Consumer credit in the UK is still increasing.