Morning all. Market reports:

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

House prices are booming, industry struggles and a ratings agency warns that it remains troubled by the size of Britain's budget deficit. As he put the finishing touches to his third pre-budget report Alistair Darling could hardly have been given a starker reminder of the short and long-term challenges facing the economy.
Problems mount for Darling as alarm sounds over surge in UK budget deficit

House prices rose by more than twice as much as economists predicted in November as demand for property outstripped supply.
House price rises beat expectations

The property subsidiary of Dubai World, the stricken Gulf investment group, could have lost up to $6 billion (?3.7 billion) in the first half of this year had it not been given government bailouts, it has emerged.
Documents show earlier Dubai World bailout

Greece's economy has taken another blow after Fitch cut the country's debt rating below the coveted A grade for the first time in 10 years.
Fitch cut sees Greece lose coveted A rating

The Japanese Cabinet has agreed to pour another 7,200 billion yen (?50 billion) cash stimulus into its economy as employment conditions remain miserable and deflation gnaws at profits.
Japan keeps pouring money into its ailing economy

One of the most senior figures in the financial world surprised a conference of high-level bankers yesterday when he criticised them for failing to grasp the magnitude of the financial crisis and belittled their suggested reforms.
Wake up, gentlemen, worlds top bankers warned by former Fed chairman Volcker

Analysts will do better in 2010, say Citi analysts strategists. The group, Citi notes, had something of an annus horriblis in 2009 - struggling to make the right calls at key turning points.
[Outlook 2010] How will analysts fare?

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow tumbled 104 points at 10,286, the Nasdaq lost 17
points at 2,173 and the S&P500 slipped 11 points at 1,092.

In Asia today, the Nikkei was down 132.63 points at 10,007.84, while the Hang
Seng ended the morning off 189.09 points at 21,871.43.

Crude oil traded at $73.17 a barrel on Nymex.

Gold settled at $1,133 an ounce.

Happy trading!

G.

End-of-day Market Overview