Hello traders!

In the US tonight, the DJIA ended down 39 points at 12,831, while the S&P500
was 5.4 points lower at 1,390 and the Nasdaq Composite 1.7 points better at
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

Central bank rate cuts have devalued the dollar, fueling the rise in crude prices; but if rate slashing stops, oil's rise may ease.
Fed could burst oil's bubble

Consumer confidence fell to a five-month low in April, according to the Conference Board's index of consumer sentiment, as Americans come to terms with the worst employment outlook since 2004 and a record drop in house prices.
Confidence in American economy at five-year low as slowdown bites

More worries over the credit crunch arrived today as 17 out of 20 US cities reported record annual declines in house prices, a survey release today showed.
'No sign of a bottom' in US property prices

A former leading Federal Reserve official has branded the US central bank's $29bn (14.5bn) bail-out of Bear Stearns as "the worst policy mistake in a generation".
Vincent Reinhart: Bear Stearns bail-out 'worst policy mistake'

German financial giant Deutsche Bank has suffered its first quarterly loss in five years as conditions worsened to what chief executive Josef Ackermann described as "the most difficult in recent memory".
Deutsche Bank in first quarterly loss in five years

The days of City hubris must come to an end, the Bank of England cautioned yesterday in an extraordinary attack by Mervyn King, the Governor, on excessive pay packages and heavy risk-taking. Mr King said that the 50 billion bail-out extended to cash-strapped banks should not be seen as an opportunity to continue paying multimillion-pound bonuses to executives who gambled with other peoples money.
Mervyn King: Banks paying price for their greed

The Bank of England's leading "dove" has warned that house prices could fall by as much as a third in the next two years and called for swift cuts in interest rates to stave off a crash.
MPC dove says house prices may drop by a third in two years

HBOS, Britain's biggest mortgage lender, warned homeowners to expect two years of falling house prices as it unveiled a 4bn rights issue to strengthen its capital position in the "deteriorating credit environment".
Halifax owner expects more falls in house prices

Inside Track, the buy-to-let property seminar company, has gone into administration, blaming the credit crisis. At its peak, it made 10m profit and had 250 staff. The company advocated buying property off-plan and relying on rising prices to sell it, sometimes before the development was finished.
Buy-to-let group calls in the administrators

Abbey, in recent years the sleeping giant of the mortgage market, said yesterday that in the first quarter of the year it grabbed almost one in every six mortgages and was in a strong position to capitalise on strains felt by rival lenders.
Lender benefits from rivals' woes and trebles share

One of the City's leading investment banks has launched an outspoken attack on the Office of Fair Trading - accusing it of pursing a "vendetta" against retailers.
OFT accused of pursuing 'vendetta'

The City watchdog threatened yesterday to step up criminal prosecutions and to increase fines for market abuse after more than a quarter of last year's takeovers showed signs of insider trading.
Financial Services Authority threatens more trials for insider trades

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

US Video: Stock Market Technical Analysis 4/29/08

Good morning traders!

In Asia today, the Hang Seng ended the morning down 46.95 points at 25,867.20,
while the Nikkei was recently down 34.27 points at 13,860.1.

New York's main oil futures contract, light sweet crude for June delivery, was 5
cents lower at $115.58 per barrel.

Happy trading!

G.

OUTLOOK Home Retail FY underlying pretax profit seen up 14 percentOUTLOOK BSkyB's growth momentum in the spotlight at Q3OUTLOOK Standard Life Q1 sales seen down 1 pctOUTLOOK Antofagasta Q1 copper production rises, but cost pressures continueOUTLOOK Kazakhmys Q1 copper cathode output lower on poor weatherOUTLOOK BG Q1 earnings seen lifted by strong LNG businessTFN UK calendar and forecasts for today

The Wednesday Press Roundup

London shares outlook - down slightly, after Wall Street caution; BSkyB reports

Thomson Financial UK at a glance share guide

Tokyo shares close lower on caution ahead of Fed rate decision

UK smallcap opening - ADDleisure firms as H1 losses narrowAustralian shares close slightly lower on BHP, Rio losses; Origin Energy soars

STOCKWATCH Home Retail falls on weak Homebase performance; Landsbanki 'hold'UK smallcap opening - Silverjet rallies on cash injection

UK smallcap opening - Ariana Resources ticks up on revised resource estimate

Tokyo shares close lower on caution ahead of Fed rate decision - UPDATE

STOCKWATCH Aegis Group gains on positive trading update; brokers stay 'buy'UK smallcap opening - Visonic gains as Q1 sales rise 19 percentAustralian shares close slightly lower on BHP, Rio losses; Origin soars - UPDATE

BROKERWATCH BP upgraded to 'outperform' at Credit Suisse, ups target to 720p

STOCKWATCH BG Group lower, strong Q1 overshadowed by acquisition uncertainty

STOCKWATCH BSkyB higher after 'solid' Q3; Numis keeps 'add', 612 pence targetSTOCKWATCH Standard Life ticks up on better-than-expected Q1 salesUK smallcap opening - Renewable Power up on successful test

UK smallcap opening - ClearSpeed slides despite chairman's share buying

STOCKWATCH Manitou drops 11 pct on profit warning

UK smallcap opening - Wensum lower on swing to FY losses

UK small caps open firmer; Silverjet recovers on cash injectionMetals - Gold dips as dollar firms ahead of Fed rates announcement

STOCKWATCH Drax Group lower; cut to 'reduce' from 'add' at Evolution Securities

BROKERWATCH Highway Insurance cut to 'reduce' from 'hold' at KBC Peel Hunt

Stock : Irvine Energy (IVE)
Quote : 3.125 0.025 (0.81%) @ 09:47

Metals - Gold dips ahead of Fed rates announcement UPDATE

Metals - Copper extends losses as dollar recovers ahead of Fed decision

BRM 5.35 - 5.50p

Brinkley Mining gets provisional license for uranium exploration in Sudan

LONDON (Thomson Financial) - Brinkley Mining Plc. said its Brinkley Mining
Project 4 Ltd. unit has received a provisional prospecting license for the
exclusive exploration of uranium and associated minerals over an area of over
5,000 square kilometres of Budi County in Eastern Equatoria State, Southern
Sudan.
The license, effective until Feb. 21, 2009, is renewable annually
thereafter.
Brinkley said the license is deemed provisional as there is no formal mining
law in Southern Sudan and, accordingly, there can be no certainty that, on
introduction of a formal mining law, the license will be renewed or continue to
be valid.
While Brinkley believes that Southern Sudan presents "potentially
attractive" exploration opportunities, it intends to limit its expenditure until
the mining law is clarified further.
Accordingly, in aggregate, the company has initially budgeted to spend up to
$1 million in the next 12 months on its exploration activities in Southern
Sudan.
Brinkley added that it is seeking both primary and secondary uranium targets
within an area that has received little attention or the application of modern
exploration techniques.

STOCKWATCH Standard Life up as sales beat forecasts, brokers repeat 'buy' UPDATE

Metals - Copper extends losses as dollar recovers ahead of Fed decision UPDATE

WALL STREET OUTLOOK Little changed ahead of Fed's rate decision, raft of resultsLondon shares - mid-morning features

RPT London shares - mid-morning features

STOCKWATCH Home Retail Group up 5 percent as FY earnings please

BROKERWATCH India's Hindustan Unilever raised to 'accumulate' at Angel

*BAYER RAISED TO 'A-' ON REDUCED DEBT; OUTLOOK STABLE - S&P

London shares - midday features

UK small caps flat at midday; Culver culled on swing to pretax loss

Midday Market Roundup

Precious Metals Summary - London AM Fixings

Metals - Copper lower ahead of Fed decision

STOCKWATCH HBOS falls; Cazenove downgrades to 'in-line' on rights issue news

*LITHIA MOTORS SURGES 23% FOLLOWING 1Q RESULTS, OUTLOOK; RAYMOND JAMES UPGRADES

London shares - midafternoon features

CORRECTION STOCKWATCH Rolls-Royce, BAE, Smiths Group higher on US peer results

Metals - Gold lower ahead of Fed interest rates decision

Precious Metals Summary - London PM Fixings

TFN economic and business calendar to Wednesday May 14

End-of-day Market Roundup