Morning all. Market reports:

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

Gordon Brown's credibility will suffer another blow on Tuesday as the European Commission chides Britain for doing too little to bring its budget back to health.
Brussels berates Britain for disappointing Budget plan

The pound was under renewed pressure yesterday as a member of the Bank of Englands Monetary Policy Committee warned that the economy could again contract and a leading ratings agency said that Britain had come closer to losing its AAA rating.
Pound falls after Moody's warning on rating

The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope as they try to bring public finances under control without nipping recovery in the bud. It warned of "substantial execution risk" in withdrawal of stimulus.
Moody's fears 'social cohesion' as AAA states retrench

For on Monday the rating agency officially revised its Banking Industry Country Risk Assessment of Spains banking system to Grupo tres since S&P now believes Spanish financial institutions are going to be operating in a difficult economic environment over a prolonged period.
S&P relegates Spains financial system to Group 3′

Britain has warned China against protectionist behaviour, as British businesses complain of being forced out of the Chinese market.
Britain warns China against protectionism

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 17 points at 10,642, the Nasdaq lost 5 points
at 2,362 and the S&P500 gained a point at 1,151.

In Asia today, the Nikkei was down 25.72 points at 10,726.26, while the Hang Seng
ended the morning off 92.41 points at 20,986.69.

Crude oil traded at $79.72 a barrel on Nymex.

Gold settled at $1,113 an ounce.

Happy trading!

G.

Opening Market Overview

KEEP an EYE

GAS 2.10 / 2.15p

Bouncing from a long retracement, volume and Indicators signaling the upturn

End-of-day Market Overview