Morning all. Market reports:

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

Germany is preparing to drop its vehement opposition to a rescue package for Greece, fearing that a rapid escalation of the debt crisis in Southern Europe could endanger German banks and damage the euro. Herman Van Rompuy, the EU's new president, has submitted a text calling for the creation of an "economic government" that shifts responsibility for economic planning from national authorities to the "EU level".
Germany backs Greek bail-out as EU creates 'economic government'

Hedge funds say governments, not the speculators, are to blame for mismanaging their finances.
Hedge funds defend role in euro crisis

Joseph Stiglitz, the Nobel prize-winning economist, told the Guardian today that the only way to deal with the speculators was to meet fire with fire. He says Europe should do what Hong Kong did when first its currency and then its stock market were targeted in the Asian crisis of 1997-98, when it "burnt" the speculators by massively buying stocks.
Don't leave Greece to face the speculators alone

While other European nations like France and Germany - and even Britain - are beginning to show signs of economic growth, Spain remains stuck in recession. Results from the fourth quarter of 2009, which will be released on Thursday, are expected to show 0.1% contraction in gross domestic product, which would make Spain the only G-20 country not to have experienced expansion during that period.
Spain's Troubled Economy: Why Europe Is Worried

The new regulations demand that all foreign and locally owned companies hand over at least 51 per cent ownership to black Zimbabweans. Thousands of firms, including the Zimbabwean operations of giants such as Barclays Bank, Standard Chartered Bank and the mining company Rio Tinto, will be affected, and they must submit their plans to comply by March 1.
Black Zimbabweans to take control of white-owned companies

Faced with regulations that are often impossible to meet and a climate of overwhelming protectionism, many said they are now openly considering whether to leave the world's biggest market.
UK businesses threaten to pull out of China over protectionism

Academics suggest Queen be given regular official briefings on the economy to 'focus minds' on avoiding financial crisis.
Economics briefings for Queen could head off financial crisis

The Spiegel is reporting that Goldman Sachs helped Greece cover up part of its whopping deficit. The deal was reportedly done via a currency swap, using artificially high exchange rates.
Goldmans Trojan currency swap

Campaign film says 0.05% 'Robin Hood' tax on financial trades could raise $700bn for world's poor.
Richard Curtis and Bill Nighy team up in new film urging Tobin tax on bankers

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

Good morning traders!

In the US last night, the Dow added 150 points at 10,059, the Nasdaq rose
25 points at 2,151 and the S&P500 was up 14 points at 1,071.

In Asia today, the Nikkei was up 52.23 points at 9,985.13, while the Hang
Seng ended the morning off 7.4 points at 19,782.88.

Crude oil traded at $73.23 a barrel on Nymex.

Gold settled at $1,075 an ounce.

Happy trading!

G.

CNA Morgan Stanley: upgraded to overweight from equalweight, tp raised to 330 from 280
IAP Goldman: upgraded to buy from neutral
IMT RBS: reiterated buy, tp raised to 2325 from 2250
PUB Seymour: reiterated sell, tp 70
SAB ING: sell, tp 1558
SSE Morgan Stanley: downgraded to equalweight from overweight
WLF RBS: upgraded to hold from sell

Morning folks.
And the DOW recovers some composure and everything in the world is now OK. The Greek tragedy has been avoided (for now) and we move ahead.
Luckily for me I bought back into LLOY almost at my sale price so looking for some good gains to canx out the realised losses!

Opening Market Overview

KEEP an EYE

SPY 26.75 / 27p +0.50p
Is trying to move up from a double bottom, Indicators turning up, good contracts gains lately, and analyst recomendations a couple days ago. Stronger bid side DEPTH on the order book at the moment.

Good news for the market

from bloomberg
Obama Doesnt Begrudge Bonuses for Savvy Blankfein, Dimon

KEEP an EYE

JPR 24 / 24.50p
Has been well marked down for the last couple days, MMs seem to wanted a double bottom, but today's demand most likley will not.
All the advertiment news are positive at the moment

End-of-day Market Overview