Morning all. Market reports:

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

The Government of Dubai has refused to honour the debt obligations of its largest company, prompting fears that international creditors could be wiped out.
Fear of creditor wipe-out as Dubai jettisons conglomerate

Fears that the banking system is facing a credit card timebomb were underlined as official figures showed that the amount of card debt banks have written off has unexpectedly doubled.
Fears of credit card crisis as bank write-offs double

About 85pc of UK commercial property loans made in the last five years are in breach of their covenants and the market faces a double-dip correction to unwind its obligations, HSBC has warned.
HSBC warns over dip in commercial property sector

The number of loans made to homebuyers hit a 19-month high in October, according to official figures which also showed Britons are paying down their debts at a record level.
UK mortgage approvals hit 19-month high

Indias economy grew at a far stronger rate than predicted in the second quarter of the fiscal year as poor farmers weathered a late monsoon, civil servants enjoyed a pay hike and the service sector boomed.
India's economy beats growth forecasts

Concern over the state of the Greek economy grew today as nervous investors looked for the next country that could be engulfed by a debt crisis. Greece's budget deficit is expected to reach 12% of the country's gross domestic product (GDP) this year - far above European Union guidelines of 3% ? as the government struggles to reform the economy and reduce public spending.
Investors' fears grow over Greek economy

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow was up 35 points at 10,345, the Nasdaq gained 6
points at 2,145 and the S&P500 added 4 points at 1,096.

In Asia today, the Nikkei was up 130.23 points at 9,475.78, while the Hang
Seng ended the morning ahead 119.29 points at 21,940.79.

Crude oil traded at $77.30 a barrel on Nymex.

Gold settled at $1,178.50 an ounce.

Happy December!

G.

End-of-day Market Overview