OUTLOOK United Utilities adj pretax set to rise; results inlineTFN economic and business calendarThomson Financial Europe AM at a glance share guide: Shares fall; oil mixed

Morning all. Market reports:

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

US shares tumbled after credit ratings agency Standard & Poor's cut its ratings of Merrill Lynch, Morgan Stanley and Lehman Brothers amid concerns the banks will face further writedowns and losses in the second quarter.
US shares tumble on writedown fears

Mortgage lending slumped to a new low last month, raising fears that the slowdown in the housing market could be sharper than expected.
Gloom deepens as lending slumps and borrowers fall into arrears

Few think B&B's woes or the current housing downturn will sound the death knell for landlords' investments.
Buy-to-let landlords tipped to survive downturn

Underwriters to Bradford & Bingley's emergency rights issue were on the point of pulling the plug on the deal before private equity giant Texas Pacific Group bailed out the buy-to-let lender.
B&B underwriters did not get the full picture

It is likely that other private equity houses will follow TPG's lead and start investing in under-valued public companies.
Rich pickings for knights set to follow TPG's Bradford & Bingley rescue

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

TFN UK calendar and forecasts for today

London shares outlook - lower, NY closes down, United Utilities possible focus

10:00 EU Eurozone PPI April (MoM consensus 0.8%, YoY 6.1%)
10:00 EU Eurozone GDP Q1 (QoQ consensus 0.7%, YoY 2.2%)
14:00 EU Jean-Claude Trichet spreads more fear, uncertainty and doubt at the International Monetary Conference
15:00 US Factory Orders April (consensus 0.1%)
22:00 US ABC Consumer Confidence (consensus -51)
23:00 UK Nationwide Consumer Confidence May (consensus 67)

BROKERWATCH Yell upped to 'neutral' vs 'sell' at UBS; target cut to 135p vs 150

Tokyo shares close lower, exporters lead decline on stronger yen

BROKERWATCH Rubis upgraded to 'Add' by Natixis after Channel Islands buyThomson Financial UK at a glance share guide

Australian shares close sharply lower, financial stocks lead falls

UK smallcap opening - Minerva Resources firms on positive drilling report

Tokyo shares close lower, exporters lead decline on stronger yen - UPDATEUK smallcap opening - Brightside down as FY losses mount; acquisitions & placing

BROKERWATCH RSA Insurance kept as 'buy' at ABN Amro; target upped to 164p

UK smallcap opening - Novera Energy retreats as bid talks terminated

London shares open lower as NY closes weaker; banks under pressure

Master RSI,

Thanks for your reply re MMS. I guessed at similar but without the chart know-how it was only a guess. hope to see some profit taking leading to a cheaper buy-in SP.
Do you have time to impart your knowledge on a BB page? or a list of good books/courses etc. Charts aren't always the answer as some stocks fluctuate too wildly but often they can prove very useful, something Cynic taught me(thanks Cynic)

regards
Alex

UK smallcap opening - Forbidden Technologies, Delling down on FY lossesAustralian shares close sharply lower led by financials - UPDATE

UK smallcap opening - Avocet Mining down awaiting transformational deal

STOCKWATCH Tiscali sharply higher on reported Vodafone dealSTOCKWATCH Intercontinental Hotels down on cautious NYU Hospitality Conference

UK smallcap opening - Nexus Management advances on U.S. deal