Morning all. Market reports:

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

The US government yesterday proposed a sweeping overhaul of America's financial regulatory system, described as the most radical since the 1929 stock market crash.
Henry Paulson unveils bank regulation plan

Hank Paulson, the US Treasury Secretary, issued a plea for serious consideration of his ground-breaking plans for a simplification of financial regulation, as critics lined up to warn they would not be enough to protect consumers and prevent financial crises.
Paulson reveals plans for biggest financial reform since Depression

Banks are "extremely likely" to be saddled with far tougher rules on managing their balance sheets in the wake of the credit crunch, the Bank of England Governor has warned.
Mervyn King warns of 'radical change'

The desperate scrabble for cash among the worlds best-known banks continued last night as UBS prepared to raise about SwFr13 billion (6.5 billion) and Lehman Brothers about $3 billion through rights issues.
UBS and Lehman raise funds through rights issues

The Governor of Iceland's central bank has called for an international investigation into what he said was an attempt by traders to bring the country to its knees.
Iceland bank governor attacks dealers

Sovereign wealth funds, the investment vehicles that have helped to rescue US banks in the wake of the credit crunch, grew by 18pc to $3,300bn (1,660bn) in 2007.
Sovereign wealth funds grow by 18pc

The near-invisible China Development Bank is to 'go out' and list on the stock market, according to a low-key leak - a rumble that could herald a shockwave for global investors.
China Development Bank will rival big names

One South African fund manager who has monitored the team's performance closely said: This is a classic case of big fish in small ponds not being able to operate so successfully in a much harder, tougher environment.
FirstRand counts 102m cost of London-based 'best' traders

The amount British pension schemes have invested in shares has hit a record low as concerns over the health of the global economy have led to an exodus from the stock market, new figures show.
Pension funds join equities exodus

The world economy is at the end of a "super-boom" in asset prices and debt which has lasted since the end of the Second World War, billionaire investor George Soros has warned.
George Soros warns 'superboom' is over

The Governor of the Bank of England, Mervyn King, has again warned that inflation will sharply exceed the Government's target and is likely to hit 3 per cent. However, Mr King stressed that the Bank's Monetary Policy Committee, which will meet next week, face "a delicate balancing act" on deciding whether to move the base rate, currently at 5.25 per cent.
Sharp rise in inflation will exceed target, warns King

The euro is now within only a whisker of the 80 pence mark against the pound after inflation in the single currency zone jumped to a record high.
Pound slumps to record as housing fears grow

The outlook for the construction sector is the worst in over a decade, as both the commercial and residential property sectors face a double slump, a new report has warned.
Construction outlook 'is worst for a decade'

Ron Sandler is to create 400,000 "Northern Rock orphans" as the executive chairman of the nationalised lender dramatically slashes customer numbers - leaving them facing the prospect of higher mortgage costs.
Nowhere to go for 'Northern Rock orphans'

Northern Rock has spent thousands of pounds on extra security for its former chief executive amid fears that he could be attacked by angry investors or staff. His pension fund was also increased, taking its total value to 2.62 million.
Northern Rock spent 10,000 to protect former chief Adam Applegarth

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

Good morning traders!

In Asia today, at the end of the morning session, the Hang Seng was up 299.95
points at 23,149.15, while the Nikkei was recently up 233.55 points at 12,759.09.

New York's main oil contract, light sweet crude for delivery in May, fell 18 cents to
$101.40 per barrel.

Happy trading!

G.

The Tuesday Press RoundupTFN UK calendar and forecasts for today

London shares outlook - lower, midcaps Ferrexpo and Babcock take centre stage

Australian shares close slightly higher on broad gains

Thomson Financial UK at a glance share guide

Australian shares close slightly higher on broad gains - UPDATE

BROKERWATCH GlaxoSmithKline started as 'buy' by ING; target price 1,290 penceTokyo shares close higher on Wall Street gains, weak Tankan weighs

UK smallcap opening - KimCor up after positive operations update

UK smallcap opening - TEG up as plant construction starts

UK smallcap opening - Intellego runs back on further placing

UK smallcap opening - Silence Therapeutics gains on director's share buying

Tokyo shares close higher on hopes of fund inflows, but Tankan weighs - UPDATE

London shares open higher on first day of second quarter; banks riseUK smallcap opening - Stonemartin resumes trading after Monday's loss warning

STOCKWATCH Option soars on CEO's bullish comments, 'big name' deals in pipelineUK smallcap opening - Blavod firms on update

UK smallcap opening - Vanco advances on update

UK smallcap opening - Milestone runs back on funding fears

STOCKWATCH European banking stocks rally on hopes end of crisis is in sight

STOCKWATCH BP lower as JP Morgan cuts target, sector weak as oil prices retreat