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Lunch Wrap

On FT Alphaville this morning,

- An outbreak of bears see a fractious few months ahead for stocks and credit.

- Bears all round – more detail in Markets Live.

- Asian countries use currencies as a tool to fight inflation.

- Housing misery continues at Countrywide.

- Structured credit still in trouble – and hedge fund manager Paulson is still short.

- Short form at the FSA.

- And Olivant ups its stake in UBS to 2.5%

On FT.com,

- MPC members discussed rate hike.

- Sainsbury’s sees sales driven up by inflation.

- Spielberg’s DreamWorks in talks with Reliance.

- And the FTSE fell 1.5% in morning trade with financial stocks the biggest drag on the index.

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