Morning all. Market reports:

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

The US Senate could vote on Ben Bernankes second term as soon as Thursday or Friday, once it has finished drawing up vital legislation to allow America to raise its national debt ceiling.
Bernanke vote expected by end of week

The government's hopes of claiming credit for reviving the British economy suffered a severe blow today when the world's biggest buyers of bonds warned that the UK was a "must to avoid" for his investors as its debt was "resting on a bed of nitroglycerine".
UK economy lies 'on bed of nitroglycerine' - top financier

Britain's economic recovery plans were thrown into turmoil yesterday after official figures showed that the country had limped weakly out of recession.
Britain at risk of plunging back into recession

The Governor of the Bank of England has called for a "radical" overhaul of the banking system in Britain, which could include a break-up of the banks, and praised President Barack Obama's controversial plan to take on Wall Street.
King calls for 'radical' banking reform in UK

The construction industry will not emerge from recession until 2011 as it struggles to recover from the severe decline in housebuilding orders, a report will warn today.
Building industry says recovery will be long and slow

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

Good morning traders!

In the US last night, the Dow lost 3 points at 10,194, the Nasdaq fell 7 points at
2,204 and the S&P500 fell 5 points at 1,092.

In Asia today, the Nikkei was dopwn 46.7 points at 10,278.58, while the Hang
Seng ended the morning up 109.05 points at 20,218.38.

Crude oil traded at $74.68 a barrel on Nymex.

Happy trading!

G.

The world's biggest banks face an impending funding crisis, with a "wall of maturities" fast approaching, and must raise billions more in capital in the coming years, the International Monetary Fund (IMF) has warned.
Banks must raise billions to fend off crisis, says IMF

ARM Credit Suisse: reiterated outperform, tp raised to 199 from 160
BARC Morgan Stanley: reiterated overweight, tp cut to 390 from 435
EMG Credit Suisse: reiterated neutral, tp cut to 300 from 320
GRT Citigroup: initiated buy
GRT HSBC: initiated overweight
LAND Goldman: outperform
LAND Morgan Stanley: outperform
RB. JPMorgan: reiterated overweight, tp raised to 3700 from 3400
RBS Morgan Stanley: resumed equalweight, tp 40

Morning Kyoto.
I didn't like the look of your report from the IMF above. Doom and gloom forecasts plus Mervyn King's talks have spooked the banks yet again. Pity I am long with real shares and not playing the short market.
TT

Twitter Updates
more >>

Midday Market Overview

The market is looking fairly negative now. Was hoping that we would recover on the US open but the opposite - we've got weaker.

FTSE keeps bouncing off that 5200 support though. There have been some absolutely brutal moves on the miners in the last few days - if this turns there's going to be a lot of money to be made on the upside - timing the entry is everything though at the moment!



Three weeks:

.

End-of-day Market Overview