Morning all. Market reports:

Telegraph
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This is Money

Britain's economy will take until 2012 to get back to where it was before the financial crisis, despite the end of Britain's worst recession since the 1930s, the CBI has warned.
British economy will take years to recover despite end of recession, says CBI

Greece was boosted by a show of market confidence on Monday after the government's first bond issue of the year was a success, despite fears over the country's mounting debt pile.
Greece bond sale boosts market confidence

Hedge funds watching China's markets are licking their lips at what they see as the best shorting opportunity since Enron. But while plans to allow short-selling are imminent, this won't be a bear's picnic.
Chinese short-selling will be no bear's picnic

Gordon Brown said today that he saw growing support for some form of an international levy on banks as City Minister Lord Myners met finance officials from the G7 group of seven leading economies to discuss global bank reform.
Brown claims transaction tax is gaining traction

Paul Volcker, the man behind the latest proposed curbs on US banks, recently mocked the idea that financial innovation had generated anything much of value over the past 20 years. I wish someone would give me one shred of evidence that financial innovation has led to economic growth, he growled.
Property groups ignore derivatives backlash

The oil and gas industry breaches, the mere existence of which has been a closely guarded secret of oil companies and federal authorities, were focused on one of the crown jewels of the industry: valuable bid data detailing the quantity, value, and location of oil discoveries worldwide, sources familiar with the attacks say and documents obtained by the Monitor show.
US oil industry hit by cyberattacks: Was China involved?

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

Looks like 5200 could be a key level today:

BAY RBS: reiterated buy, tp 300
EZJ Citigroup: reiterated buy, tp raised to 525 from 440
GRT Morgan Stanley: initiated equalweight
GRT UBS: initiated buy
INF Nomura: reiterated buy, tp raised to 423 from 407
STAN Nomura: upgraded to buy from neutral, tp raised to 1790 from 1480

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Good morning. Looks like my EXPN short is in the money this am. Looking forward to it collapsing and making me some money.

But out of the money now. (:-((

Patience TT - HSBC upgraded the stock to outperform with a TP of 700 on 19th. However in supermum I trust :o). I went short yesterday @ 604.1 initial target 580.0 stop 614.1.