Hello traders!

In late US trade, the Dow was up 16.04 points at 12,617.23, while the S&P500
was 2.94 points better at 1,393.65 and the Nasdaq Composite ahead 11.64 points
at 2,459.91.

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

G.

Good morning traders!

In Asia today, the Hang Seng ended the morning down 123.27 points at 24,919.85,
while the Nikkei was recently 0.7% better at 14,072.41.

New York's main oil futures contract, light sweet crude for July delivery, rose 26
cents to $131.07 per barrel.

Happy Friday!

G.

Thomson Financial Europe AM at a glance share guide: Stocks mixed, oil lowerTFN economic and business calendar

TFN UK calendar and forecasts for today

Morning all. Market reports:

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

UBS, the Swiss bank buckling under SFr37bn (18bn) of credit crunch write-downs, has launched a SFr16bn cash call to shore up its battered balance sheet.
UBS launches 7bn cash call at big discount

Allianz and Commerzbank have joined forces with a view to a possible bid for Deutsche Postbank, Germanys largest retail bank. Allianz, the insurance group that owns Dresdner, Germanys third-largest bank, has held detailed discussions with Commerzbank about a combined offer for Postbank, which is expected to be put up for sale by Deutsche Post, its majority owner.
Allianz, Commerzbank eye bid for Postbank

The oil price soared to a record for the third day in a row yesterday, reaching $135 a barrel, more than double the price a year ago. The surging cost of crude is increasing the pressure on petrol and diesel prices and led yesterday to renewed calls for the government to scrap planned rises in fuel duty.
Producers say $200 oil is possible as prices hit record three days running

The number of commercial property loans in default has soared 400pc in just 12 months, according to a report due to be published today.
Defaults on commercial property loans surge 400pc

Riots, protests and political unrest could multiply in the developing world as soaring inflation widens the gap between the "haves" and the "have nots", an investment bank predicted yesterday. Economists at Merrill Lynch view inflation as an "accident waiting to happen". As prices for food and commodities surge, the bank expects global inflation to rise from 3.5% to 4.9% this year. In emerging markets, the average rate is to be 7.3%.
Surging inflation will stoke riots and conflict between nations, says report

The official figures on retail sales are providing a far rosier picture than reality, economists have warned after the Office for National Statistics reported that sales are still holding up far better than expected.
UK retail sales figures 'too rosy', economists warn

London shares outlook - flat, after Wall Street edges up; Marston's reports

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

The Friday Press Roundup

09:30 UK GDP Q1 (consensus 0.4% QoQ 2.5% YoY)
15:00 US Existing Home Sales April (consensus 4.85M, MoM -1.6%)

Thomson Financial UK at a glance share guide

Tokyo shares close mixed after Wall St rebound; Nikkei back at 14,000

BROKERWATCH Sainsbury upped to 'buy' from 'hold' at ABN Amro; target 440 penceAustralian shares close lower on inflation worry

UK smallcap opening - Turftrax rallies after pre-float backer sells stock

UK smallcap opening - Rift Oil ticks up on out of court settlement

London shares open mixed after US edges up; Asia mixed

UK smallcap opening - Mano River up on Severstal agreementAustralian shares close lower on inflation worry - UPDATE

BROKERWATCH Royal Caribbean Cruises cut to 'equal-weight' by Morgan Stanley

Tokyo shares close mixed after Wall St rebound; Nikkei back at 14,000 - UPDATEUK smallcap opening - Energy technique gains after FY results

UK smallcap opening - Styles & Wood crash on profit warning and MBO termination

long, spread bet, EXPN at 395.5p for few %age.

UK smallcap opening - LSL Property slides on Estate Agency warning

UK smallcap opening - Oak adrift on financing move

STOCKWATCH Polish Barlinek down after report of 200 mln zloty share issue

UK small caps open lower; Styles & Wood hit by profit alert & MBO terminationMetals - Gold higher after sliding from 1 mth high; oil, dollar support

BROKERWATCH Lloyds TSB upped to 'neutral' vs 'underperform' by Exane BNP Paribas

CORRECTION London shares outlook - flat after Wall Street edges up

WALL STREET OUTLOOK Lower open seen after oil bounces back

STOCKWATCH Astrazeneca falls; Nomura Code cuts to 'reduce' from 'neutral'

apu - 23 May 2008 09:18 - 21 of 29
long, spread bet, EXPN at 395.5p for few %age.

apu
Good call, still looking good.

London shares - mid-morning features

STOCKWATCH Cadbury falls after ING cuts to 'sell' from 'hold'

UK small caps at session lows at midday; Styles & Wood slumps on profit warning

London shares - midday features

Midday Market Roundup

Precious Metals Summary - London AM Fixings

OUTLOOK - UK companies results for 2 weeks to June 6

Metals - Gold jumps above $925; oil, dollar support

London shares - midafternoon features

Keep an Eye (Added by Master RSI on Fri 23 May 03:23 pm)

LONR - Mid 28.375p (28.25/28.50)
Reason - There is signs that the bottom was reached on this cycle, now is good point for re-entry. Share price has reached the parabolic SAR and want to bounce from there, Slow stochastic also at its low oversold and is allways the first to turn.

Master RSI

Cheers, worth a look.

Thanks Master.

OUTLOOK Antofagasta Q1 positive on higher copper prices and productionTFN economic and business calendar to Friday June 6

LONR 28.25 - 28.75p

Hi guys is on the move up already, naturally it goes slow to start with so plenty of time to buy, but only 31K left at offer now

As soon as the AT took the 29.50p offer a delayed BUY trade was reported for 598K buy at 28.437p, yes 11:34am, this morning

LONR 28.50 - 29p +0.50p

is on the move once again as The Level 2 is very strong on the bid side

LONR 28.75 - 29.25p +0.75p

and another move up at both sides, and that should be the last move today

Precious Metals Summary - London PM Fixings

End-of-day Market Roundup

Enjoy your long weekend all!

G.

PS I'll be creating the Traders Thread for Tuesday on Sunday.... and taking a day off Monday. ;)

UK small caps lower; Styles & Wood stays hard-hit on profits warning