Hello traders!

In the US tonight, the Dow was down 173 points at 8,300, while the Nasdaq lost
19 points at 1,731 and the S&P500 dipped 17 points to 893.

See you in the morning with the latest..

G.

Good morning traders!

In Asia today, the Nikkei was recently up 33.31 points at 9,472.08, while the Hong
Kong markets are closed for a public holiday.

Crude oil traded at $62.89 a barrel on Nymex.

Happy trading!

G.

Morning all. Market reports:

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

The leading Bank of England official who accurately predicted the recession warns today against complacency that the worst of the slump is over and predicts a further surge of more than a million in unemployment this year.
MPC Lone Ranger David Blanchflower rides out with warning of false dawn

Fears that a lack of credit could hamper Britains emergence from recession were heightened yesterday as bank lending to businesses fell in April and a Bank of England official raised concern over access to finance for small businesses.
Dearth of credit for businesses damps hopes of imminent easing of recession

Mortgage lending from high street banks slumped to an eight-year low in April, the British Bankers' Association (BBA) said today, but there were also signs of an increase in homebuying activity.
Mortgage lending hits eight-year low

The markets have been busy kicking the deficit-ridden dollar and predicting its demise. But the biggest victim may be across the Atlantic: the eurozone.
Euro poised to inflict new wounds on Europe

US Treasury yields rose to their highest level in six months and stocks fell on Wednesday, fuelling concern that rising mortgage rates could damp a nascent US economic recovery.
Rising Treasury yields threaten recovery

Saudi Arabia's oil minister expects oil prices to rise to $75 a barrel this year, boosted by a recovery in demand in Asia, but he does not see a recovery in oil consumption in Europe or the US.
Saudi Arabia says $75 a barrel is a fair price for oil

Jamie Dimon, JPMorgan Chase chief executive, warned on Wednesday that loss rates on the credit card loans of Washington Mutual, the troubled bank it acquired last year, could climb to 24% by the year end
JPMorgan warns on credit card woes

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

BDEV Citigroup: sell
BLT Credit Suisse: reiterated underperform, tp raised to 1600 from 1300
BTSM Citigroup: upgraded to buy from hold, tp raised to 330 from 260
BVS Citigroup: hold
BWY Citigroup: downgraded to hold from buy, tp reiterated 720
DGE ING: upgraded to buy from hold
DLAR BofA: downgraded to underperform
GOG Morgan Stanley: downgraded to underweight
ITV BofA: upgraded to buy
MSY Morgan Stanley: upgraded to overweight
PSN Citigroup: reiterated buy
RDW Citigroup: downgraded to sell from hold, tp 150
REX Baird: initiated neutral
SDY UBS: upgraded to neutral from sell
TSCO Moody's A3 credit rating downgraded to negative from stable
WOS ING: downgraded to sell from hold

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