Morning all. Market reports:

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

The Bank of England's leading voice on finance last night all but ruled out suggestions that the central bank will in years to come target asset bubbles as well as inflation, in one of the first hints of the shape of Britain's protean monetary policy framework.
Bank of England will not target asset bubbles, say deputy governor Paul Tucker

The chancellor, Alistair Darling, should receive a boost today as official figures are expected to show that the British economy returned to growth in the third quarter of the year after five consecutive quarters of contraction. GDP grew by 0.8% Thomson Reuters poll finds ? but Bank of England warns recovery could be "anaemic".
Economy back in growth, third quarter figures to show

Leading international banks are set to face a substantial "capital tax" to protect taxpayers against them becoming too big to fail, the Financial Services Authority said yesterday.
FSA's call for 'capital tax' pours fuel on banking row

Speculators have driven the price of gold to record levels at the expense of demand from the jewellery sector, making it prone to a correction, according to dealers at a bullion conference.
'The gold price is too high now. No one wants to buy'

This is a chart of the inverted trade-weighted US dollar index versus foreign financial commercial paper outstanding. While the USD is plummeting then, FFCP is surging ? suggesting foreign banks may be tapping the market to borrow cheap dollars.
Short dollar leverage?

China is to launch its long-awaited Nasdaq-style stock market on Friday in a bid to help drive growth in home-grown innovative, technology-driven companies.
China to launch Nasdaq-style exchange for technology stocks

An interesting development in Japan overnight. Their Financial Services Agency has unveiled proposals to limit leverage on contracts for difference. Of course, the real worry would be if the UKs FSA considered similar proposals. Its not immediately clear why the FSA would go down that route, of course, but as CFDs are exempt from Stamp Duty, one imagines HM Treasury would not block any move.
Deleveraging CFDs

One Lambros Ballas, working for a New York brokerage called Global Arena Capital Corporation, has been accused of distributing fake press releases on various internet message boards. One point to note here: these misdemeanors are alleged to have taken place just three weeks ago. Such speed would appear to be unheard of previously in financial regulation.
The SECs on a roll, it would seem

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow added 132 points at 10,081, the Nasdaq Composite
gained 15 points at 2,165 and the S&P500 was up 12 points at 1,093.

In Asia this morning, the Nikkei was up 56.05 points at 10,323.22, while the Hang
Seng ended the morning ahead 327.42 points at 22,537.94.

Crude oil traded at $81.14 a barrel on Nymex.

Happy Friday!

G.

Twitter Updates
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Midday Market Overview

Greystone:

Good to see the midday report is back. Thanks.

INVESTORS CHRONICLE

Share Tips of the week:
Sell Hays at 107p
Sell Intercontinental Hotels at 839p
Sell Aquarius Platinum at 311p

Buy Cobham at 226p
Buy Axa Property Trust at 66p
Buy Providence Resources at 4.13p

Updates:

Sell Bloomsbury Publishing

Buy San Leon Energy
Buy Senior and Costain Group

Company Results:

Buy Next
Buy Fifteen Communications
Buy Plexus

Sell WH Smith.

End-of-day Market Overview

Have a great weekend all!

G.