* Credit Suisse global equity strategy: upgrades UK to overweight from market weight
* Credit Suisse global equity strategy: cuts US to market weight from overweight
* Credit Suisse global equity strategy: upgrades UK on policy conditions, earnings momentum, cheap sterling, attractive valuations
* Credit Suisse global equity strategy: downgrades US as US stocks expensive relative to their peers, earnings momentum middling

Midday Market Overview

        LUNCH TIME FUN

Rare blue diamond may set new record
A rare blue diamond that could set a record price per carat went on
display in London on Monday, ahead of its sale in Geneva on May 12.

The diamond weighs 7.03 carats and is slightly smaller than a 1p piece.
It is estimated to be worth 3.9m - 5.8m.

Diamond prices have been hit particularly hard and, although it is a
rare and special stone, the auction in Geneva should provide an
interesting insight into the current market.

After plunging since August, diamond prices are now stabilising,
according to data from the International Diamond Exchange (IDEX).
Polished diamond prices in March were just 0.6pc lower than in
February, although this represented a 7.3pc fall compared with March 08.

     

UPS

PDF
mid - 2.20p

Reason - Moving up from a long flat bottom, today volume is picking up. Polished diamond prices are no longer falling and expected to stabilize in 2009. Has recently raise cash to strengthened balance sheet and to get back to the business of diamond development and mining.

GPC

is on the move up this afternoon

ROS 69p +10p
is moving well ahead today after a week of rising, does this mean the end for the moment being?

The Forward Diary link has now been corrected. Apologies for the delay. G.

End-of-day Market Overview