Morning all. Market reports:

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

The Greek government has won its first crash test a day after unveiling radical fiscal reforms as it returned to the debt markets with the successful sale of long-awaited 10-year bonds. Oversubscribed within hours, the bonds issue was seen as a major test of investor confidence in Greece, as it battles a debt crisis that has sent unprecedented waves across the eurozone.
Greece breathes a sigh of relief as 10-year bonds sale proves popular

The trailing 12-month global speculative-grade default rate fell to 11.6% in February, down from Januarys level of 12.5%, said Moodys Investors Service in its latest default report. A year ago, the global default rate stood at only 5.8%.
More good news on corporate default rates

The number of people in the US signing on for unemployment benefit fell by more than expected in the last week of February, reversing a surge in claims earlier in the month.
US jobless claims fall but recovery fears remain

President Barack Obama is pushing ahead with the introduction of the controversial Volcker rule which would ban major American banks from proprietary trading or owning, or investing in private equity or hedge funds in spite of increasing opposition.
Barack Obama pushes on with controversial Volcker rule

That, by the way, is the idea that countries can inflate their way out of indebtedness. In short, inflation lowers the real effective interest rate the government pays on the debt through reducing a) the nominal effective interest rate and b) real market yields. Moreover, the evidence suggests that these mechanisms work over a sustained period of time - allowing substantial debt erosion.
Morgan Stanley mulls debtflation

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

Good morning traders!

In the US last night, the Dow rose 47 points at 10,444, the Nasdaq added 12 points
at 2,292 and the S&P500 gained 4 points at 1,123.

In Asia today, the Nikkei was up 223.71 points at 10,369.43, while the Hang Seng
ended the morning ahead 178.52 points at 20,754.3.

Crude oil traded at $80.64 a barrel on Nymex.

Gold settled at $1,134 an ounce.

Happy Friday!

G.

End-of-day Market Overview

Have a great weekend all!

G.