Morning all. Market reports:

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

Fleeting relief over the EU-IMF bail-out for Greece has given way rapidly to a fresh bout of investor panic across southern Europe, pulling the euro down to its lowest level against the dollar in over a year.
Euro plunges as Club Med debt fears spread

Spains Prime Minister was forced to deny that his country was seeking a financial rescue yesterday amid mounting concern that financial contagion from Greece was spreading.
Shares catch a cold as Spain shrugs off Greek infection

With markets across Europe reeling on Tuesday, will the European Central Bank have to press the nuclear option button and start buying government bonds? Gary Jenkins of Evolution Securities is one of an increasing number of analysts who think it might be the only way to stop the contagion spreading.
Going nuclear at the ECB

Alan Ruskin has peered into the abyss of a US sovereign debt crisis to see what the world might look like. Unsurprisingly, its not a nice place. Food commodities would be about the only thing left worth owning, according to the RBS strategist.
A glimpse into financial hell

Nearly 12 billion was written off the value of Londons largest mining companies yesterday as investors took fright over a proposed super tax on resource companies operating in Australia.
Investors take fright from Australian super tax on mining

Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows.
Congress Members Bet on Fall in Stocks

The founders of one of Britain's largest retail foreign exchange brokers have agreed to a takeover by a US rival as part of an ambitious plan to take on some of the biggest players in the highly-lucrative online trading market.
Forex broker ODL accepts US takeover

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE
KOSPI	SENSEX	VIX	GBP/USD
GBP/EUR	NYMEX CRUDE	GOLD

Good morning traders!

In the US last night, the Dow tumbled 225 points at 10,927, the Nasdaq lost 74
points at 2,424 and the S&P500 lost 29 points at 1,174.

In Asia today, the Hang Seng ended the morning down 438.32 points at 20,324.73.
Japanese markets remain closed for a public holiday.

Crude oil traded at $82.30 a barrel on Nymex.

Happy trading!

G.

End-of-day Market Overview