Morning all. Market reports:

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

Mortgage costs are highly unlikely to fall despite an unprecedented 50 billion emergency bail-out for Britain's banks and building societies, homeowners have been warned. Britain's leading lenders said that they were not planning widespread rate cuts and cautioned that home loan costs would not return to the levels on offer before the global credit crisis began.
Mortgage costs unlikely to come down despite Bank of England's 50 billion bail-out

Goldman Sachs has advised clients to take out "short" positions on British 30-year Gilts before a rash of new issues by the Government floods the bond market.
Gilts market may be hit by bank bail-out

Morgan Stanley's stock market guru has warned that FTSE's recent rally will be short-lived. Having fallen below 5,500 in March the FTSE 100 has since recovered, closing at 6,053 yesterday.
FTSE 100 rally will not last, Morgan Stanley warns

The world economy will suffer its most serious recession since the oil crisis of the mid-1970s with little sign of success for policymakers' attempts to end the credit crunch, one of the globe's largest sovereign wealth funds predicted yesterday.
Wealth fund warns of worst slump for 30 years

Profits at Bank of America slumped by 77pc in the first three months of the year after accounting for almost $7bn in writedowns and credit losses as a result of the deepening credit crisis among US consumers.
Bank of America profits slashed on consumer credit woes

UBS was so focused on racking up ever larger profits that it forgot all about risk, the Swiss investment bank conceded yesterday in an extraordinary report posted to shareholders.
UBS tells shareholders it forgot about risk in drive for profits

Oil reached a record $117.40 a barrel at one stage yesterday, dragging up the price of gas to a new peak, amid concerns about crude supplies after a Japanese tanker was attacked in the Middle East and militants blew up a Royal Dutch Shell pipeline in Nigeria.
Japan warns on oil prices after pirates attack tanker off Yemen

New share trading restrictions announced at the weekend by the authorities offered only a limited boost to China's slumping stocks yesterday, raising the benchmark index by almost 7% as markets opened - only for it to fall back to a 0.7% gain by close of play.
Shanghai shares stay shaky

Russia could soon follow the Middle Eastern sovereign wealth funds and invest billions of dollars in direct overseas investments if, as expected, its national welfare fund is given more freedom to invest.
Russia looks at all options to invest its oil billions abroad

The case centres on July 2005, when the company announced it had 300m on deposit in Brazil, prompting investors to buy in and push the share price up. The defendants then sold their shares at a substantial profit and the money was later allegedly found not to exist.
Ex-boss to pay Langbar 30m

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

US Video: Stock Market Technical Analysis 4/21/08

Thomson Financial UK at a glance share guideLondon shares outlook - down after NY closes weaker; AB Foods in focus

Tokyo shares close lower on profit-taking amid renewed caution

UK smallcap opening - Offshore Hydrocarbon drops on 'challenging' H1UK smallcap opening - Sanatana Diamonds soars on new Kimberlite find

UK smallcap opening - Horizonte Minerals gains on positive drill resultsAustralian shares close lower on profit-taking after weak Wall Street

UK smallcap opening - Planet Payment higher on acquisition of iPay

UK smallcap opening - Fiberweb biggest casualty early on as takeover talks endUK smallcap opening - Griffin Mining up on agreement to buy Yukon Zinc

STOCKWATCH Associated British Foods down after results, cautious outlook

UK smallcap opening - Intellego Holdings soars on bumper FY sales

London shares open lowerLondon shares open lower after weak NY close; RBS drops as confirms right issue

STOCKWATCH Thomson Reuters lower; started as 'underweight' by Morgan StanleyUK smallcap opening - Dipford Group drops as FY seen hit by cost-saving moves

BROKERWATCH Swedish Match started as 'equalweight' at Morgan Stanley;tgt 143 skr

Tokyo shares close lower on profit-taking amid renewed caution - UPDATE

UK small caps open lower; Fiberweb sheds 30 percent as takeover talks end

Australian shares close lower on profit-taking after Wall St ends mixed - UPDATE

BROKERWATCH Ladbrokes slashed to 'reduce' from 'buy' at Landsbanki

Metals - Gold rises on weak dollar, record oil but outlook uncertain

Metals - Gold rises on weak dollar and record oil, but outlook uncertain UPDATEMetals - Copper rises as Chilean strike outweighs fears over slowing demand