Hello traders!

In the US tonight, The Dow Jones Industrial Average was last down 31 points at
12,449, with 19 of its 30 components in negative territory. It earlier fell by 112
points to a morning low of 12,368.

The S&P 500 lost 4.1 points to 1,431, while the Nasdaq Composite dropped 5.5
points to 2,443.

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

G.

Director Dealings - Monday 26 March, 2007

Alliance & Leicester (AL.)Alliance & Leicester (AL.)Amvescap PLC (AVZ)Anglo American PLC (AAL)Anglo American PLC (AAL)AstraZeneca PLC (AZN)Aviva PLC (AV.)Aviva PLC (AV.)BHP Billiton PLC (BLT)BIL International (BIL)Barclays PLC (BARC)Brambles Limited (BXB)British Am. Tobacco (BATS)British Energy Group (BGY)Bunzl PLC (BNZL)Cape PLC (CIU)Carphone Warehouse (CPW)Centaur Media PLC (CAU)Coburg Grp (CGG)Cookson Group PLC (CKSN)Cookson Group PLC (CKSN)Diageo PLC (DGE)Erinaceous Group PLC (ERG)

Expomedia Group PLC (EXP)Focus Solutions (FSG)GW Pharmaceuticals (GWP)GlaxoSmithKline PLC (GSK)GlaxoSmithKline PLC (GSK)Grainger PLC (GRI)Group4 Securicor PLC (GFS)Group4 Securicor PLC (GFS)Gyrus Group PLC (GYG)Halladale Group PLC (HDG)Hays PLC (HAS)Imp. Chemical Inds. (ICI)Kier Group PLC (KIE)Liberty Intl PLC (LII)Lindsell Train Inv. (LTI)Lindsell Train Inv. (LTI)Mission Marketing (TMMG)Norman Hay PLC (HNN)Northern Inv. Co PLC (NRI)Northern Rock PLC (NRK)Pace Micro Tech (PIC)Pace Micro Tech (PIC)Pochin's PLC (PCH)

Premier Oil PLC (PMO)Probability plc (PBTY)Prudential PLC (PRU)RM PLC (RM.)RM PLC (RM.)Rank Group PLC (RNK)Redrow PLC (RDW)Restaurant Group PLC (RTN)Rotork PLC (ROR)Royal Bk Scot.Grp. (RBS)Scot.& Newcastle (SCTN)Scottish Amic.Fin. (76IF)Signet Group PLC (SIG)Spice PLC (SPI)Spirax-Sarco Engng (SPX)St. James's Place (STJ)Stagecoach Group PLC (SGC)Ted Baker PLC (TBK)Trinity Mirror PLC (TNI)Unilever PLC (ULVR)Xansa PLC (XAN)Yell Group plc (YELL)

Morning all. Market reports:

Telegraph
Telegraph (Bloomberg summary)
The Times
FT
The Guardian
The Independent
This is Money

NIKKEI	AUSTRALIA	SHANGHAI	HANG SENG

OUTLOOK Cairn Energy plunges into FY loss on Sangu reserves cutOUTLOOK Emap investors braced for gloomy trading statement

Asian markets summary

ANTO downgraded to hold - Citigroup
KAZ upgraded to buy - Citigroup

Good morning traders!

In Asia today, the Hang Seng ended the morning down 32 points at 19,733.85,
while the Nikkei recently stood at 17,513.46, up 32.85 points.

New York Mercantile Exchange's main oil futures contract, light sweet crude for
delivery in May, was down 20 cents at $62.71 a barrel from $62.91 in late trading
in the US overnight.

Happy trading!

G.

BGY downgraded to hold from buy - target 482 - UBS
KGN reiterated overweight - target 850 from 1000 - HSBC
RANK reiterated buy - target 250 from 280 - UBS
WOS reiterated equal-weight - target 1330 from 1400 - Morgan Stanley

Water sector - HSBC

STOCKWATCH Kazakhmys upped to 'buy', Antofagasta cut to 'hold' at Citigroup

DGE upgraded to add from hold - target 1090 from 1040 - Dresdner Kleinwort
SVT downgraded to underweight from neutral - target 1400 - HSBC
UU. upgraded to neutral from underweight - target 821 - HSBC

AFX UK at a glance share guide

STOCKWATCH United Utilities upgraded to 'neutral' in sector note at HSBCTokyo shares close lower after lackluster Wall St, ahead of key data

STOCKWATCH Diageo upgraded to 'add' from 'hold' by Dresdner KleinwortAustralian shares close lower on US housing concerns

EMA hold - Citigroup

Australian shares close lower on US housing concerns - UPDATE

UK smallcap opening - Europa Oil & Gas up on permit awardUK smallcap opening - Asterand rises on chief exec appointment

STOCKWATCH British Energy downgraded to 'neutral' from 'buy' by Goldman SachsTokyo shares close lower after lackluster Wall St, ahead of key data - UPDATE

UK smallcap opening - European Diamonds up on diamond deposit findUK smallcap opening - TripleArc up as FY losses narrow

UK smallcap opening - Spectrum Interactive down on profit warningUK smallcap opening - BPP lower as Carter & Carter withdraws indicative offer