Hello traders!

In the US tonight, the Dow was last down 19.7 points at 12,872.16, while the
S&P500 was up 1.2 points to 1,399 and the Nasdaq Composite rose 3.3 points to
2,426.

See you in the morning with the latest....

G.

Morning all. Market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Independent
The Guardian
This is Money

Sovereign wealth funds grew to $3,500bn (1,750bn) last year, putting them on track to surpass the entire economic output of the United States within seven years, according to a new study.
Sovereign wealth funds set to outgrow US economy

Britain will find itself alone among the 27 nations of the European Union next month in facing disciplinary action from the European Commission over the gap between its spending and borrowing.
UK faces disciplinary action by EU for breaching budget rules

Britain could be heading for an "avalanche of redundancies" in the coming months as economic reality finally catches up with the jobs market, a leading expert has warned.
UK job cuts feared in economic slowdown

HBOS is set to announce a rights issue of up to 4bn today to shore up its balance sheet as asset writedowns increase and clouds gather over the UK economy. The bank is expected to announce about 3bn of writedowns on its credit-related holdings.
HBOS board prepares for 4bn cash call

The president of Opec has warned that the price of oil could hit $200 (100) a barrel, spelling more pain for the major crude-consuming economies. Chakib Khelil said there was nothing that the oil producers' cartel could do to bring down the high price, which he blamed on geopolitical tensions and market speculators.
Opec head sees oil price hitting $200 a barrel

Petrol is likely to hit 5 a gallon today as hot money from speculators drives the oil price to record levels. Lehman Brothers, the investment bank, has estimated that fuel is 30 per cent overpriced because of an influx of money into the oil market from investment funds.
Oil speculators push price to 5 gallon

Representatives of the world's leading gas producers are discussing Russian proposals for greater cooperation, according to the Iranian oil ministry. Ministers and experts from the Gas Exporting Countries Forum are meeting in Tehran amid speculation that members are considering an Opec-style club for gas producers.
Fears over Russian plan for 'gas Opec'

Northern Rock breached capital rules six months before its collapse, yet failed to tell shareholders and continued to be given favourable light touch treatment by financial regulators, it emerged yesterday.
FSA allowed Northern Rock to keep breaking rules

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

US Video: Stock Market Technical Analysis 4/28/08

Good morning traders!

In Asia today, the Nikkei was recently up 30.9 points at 13,894.37, while the Hang
Seng had gained 257.76 at 25,924.05.

New York's main oil futures contract, light sweet crude for June delivery, eased 19
cents to $118.56 per barrel.

Happy trading!

G.

BROKERWATCH Anglo American downgraded to 'hold' from 'buy' at Citigroup

STOCKWATCH BP set to gain after better-than-expected Q1 earningsAustralian shares close flat in cautious trade

BROKERWATCH Unilever Plc price target raised to 1,730p from 1,670 at Citigroup

STOCKWATCH Royal Dutch Shell higher after stronger-than-expected Q1 resultsUK smallcap opening - Zambezi Resources climbs on encouraging Kangaluwi results

UK smallcap opening - Symphony Environmental up on contract win

London shares open slightly higher, after mixed NY close; BP & Shell up post Q1

UK smallcap opening - Tersus Energy lifted on HT Blade update

Australian shares close flat in cautious trade ahead of Fed meeting - UPDATE

UK smallcap opening - Johnson Service rises on upbeat results statement

UK smallcap opening - Cineworld higher after update

STOCKWATCH ARM Holdings up on revenue outlook; Merrill reiterates 'hold'

UK smallcap opening - Vigilant slides on placing with Syntek Capital

STOCKWATCH Taylor Nelson Sofres higher after confirms merger talks with GfKMetals - Gold falls in cautious trade ahead of Fed decision

UK small caps open firmer; Tersus Energy strong on HT Blade update

STOCKWATCH BP rises after profits beat forecast; Seymour keeps 'outperform'STOCKWATCH HBOS higher after it launches plans for 4 bln pound rights issueSTOCKWATCH St James's Place dips on Q1 trading update; FinnCap stays 'hold'

Metals - Copper falls ahead of Fed decision but low inventory limits losses

STOCKWATCH Cadbury Schweppes up post Mars-Wrigley deal; Collins Stewart positive

STOCKWATCH Friends Provident up as Q1 sales rise; Panmure says 'buy'

BROKERWATCH Experian started 'buy' at ABN Amro; price target 435 penceMetals - Gold falls in cautious trade ahead of Fed decision UPDATE

London shares - mid-morning features

Metals - Copper falls ahead of Fed decision; low inventory limits losses UPDATE

STOCKWATCH ITE rises on Siberian exhibition buy; brokers positive

London shares - midday features

STOCKWATCH Taylor Nelson rises on GfK merger talks; Investec lifts tgt UPDATE

YESTERDAY'S "UPS" IVE doing well today after news earlier

IVE 3.10 - 3.20p +0.50p

Irvine says review confirms 10.25 bcfe gas reserves at Niobrara

LONDON (Thomson Financial) - Irvine Energy Plc. said the first independent
reserve and resources audit has confirmed 10.25 billion cubic feet gas
equivalent (bcfe) reported in P1-P3 reserves categories in the areas currently
covered with 3D seismic and the Niobrara.
Irvine, which started production at the Niobrara oil and gas project in
Kansas, United States, on Monday, said its total P1, P2 and P3 reserve numbers
are in line with its internal estimates for the areas evaluated.
The AIM-listed oil and gas exploration company said ten wells are now
pumping with a total of 16 wells expected to be producing by early May. All
wells are producing at or above expected rates, the company said.
Irvine said development of a further 40 undrilled well locations at Niobrara
will start following the stabilisation of production from the initial 20 wells.
The company also said that the independent review has raised the contingent
resource at its Oklahoma project by 49 percent, to 238 billion cubic feet (bcf),
from Irvine's original 159 bcf estimate.
Irvine holds a 50 percent working interest in the Niobrara project

UK small caps fall in midday trade; Vigilant Technology drops on placingPrecious Metals Summary - London AM Fixings

Midday Market Roundup

BROKERWATCH Lufthansa downgraded to 'hold' from 'buy' by Citigroup

STOCKWATCH Taylor Nelson up on GfK merger talks; Investec upgrades 'buy' UPDATE

Metals - Gold lower ahead of Fed decision

BROKERWATCH Pearson kept 'underperform' at Credit Suisse, Reed 'outperform'

Metals - Copper down ahead of Fed decision; commodities plunge

BROKERWATCH Drax cut to 'underperform' by Cazenove; ups fair value estimate

London shares - midafternoon features

BROKERWATCH HBOS upped to 'neutral' from 'reduce' by Hichens Harrison

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Tuesday May 13

Some large buying than lately, taking advantage of the low price now, I selected the shares on the "UPS" thread ..........

UPS (Added by Master RSI on Tue 29 Apr 04:17 pm)

BRM - Mid 5.375p
Reason - Has had a retracement lately after saying that an aproached was made and share price going to 7p.
Sales are drying up and buyers are ready to be back into those cheap shares

End-of-day Market Roundup