Morning all. Market reports:

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

The British people are living in a fool's paradise and have yet to understand the gravity of the economic crisis, according a former head of the Financial Services Authority.
Ex-FSA chief Sir Howard Davies sees 'dramatic risks for Britain

The pound rallied against both the dollar and euro on Thursday as traders unwound short positions on sterling amid increased optimism from the Bank of England.
Sterling rises against dollar and euro

Germany's leading institutes have warned that the pace of economic recovery is "unsustainable" and that the country's banks may face a fresh crisis over the next year as bad debts surface in earnest.
German 'Wise Men' fear credit crunch in 2010

The body that sets international standards for banks has stuck by its plans to triple capital requirements for trading books.
Bank reform: Basel gets tough on trading

The FT reported on Thursday that regulators on both sides of the Atlantic are trying to better coordinate their attempts to bring the largely over-the-counter derivatives market under their control. The bigger news, as we see it, is the fact that the Obama administration looks like it is succeeding in its attempts to push through reform of the heretofore unregulated $4,500bn market.
Derivatives regulation comes to America

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the DJIA added 47 points at 10,063, the Nasdaq Composite
gained a point 2,173 and the S&P500 was up 23 points at 1,097.

In Asia today, the Nikkei was little changed at 10,238.98, and the Hang Seng
ended the morning session up 26.63 points at 22,025.71.

Crude oil traded at $78.07 a barrel on Nymex.

Happy Friday!

G.

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