
Morning all. Market reports:
The Times
FT
The Guardian
The Independent
This is Money
The 15 countries that use the euro have slumped into the first recession since the single currency was introduced in 1999, the European Commission said today.
Eurozone has plunged into recession, EC says
The French state has threatened to seize control of the country's banks and fire top staff unless they do their part to stabilise the economy by stepping up lending to companies in need.
France threatens to seize banks, German bail-outs escalate
The cost of borrowing dollars in London today fell to its lowest level since the collapse of Lehman Brothers almost two months ago, in a sign that concerted action by the world's central banks to free up international money markets is, at last, starting to work.
Bank rate falls to pre-Lehman collapse levels
With the economy widely acknowledged to have entered a recession for the first time since the early 1990s and tumbling oil prices set to drag inflation down sharply, expectations are growing that the MPC could deliver the biggest cut in borrowing costs in its 11-year history.
Crunch meeting may order biggest cut in committee's 11-year history
Homeowners in Australia have been delivered a welcome surpise by the central bank's decision to cut interest rates more than markets expected as it fights a deepening slowdown.
Australia slashes rates more than expected as slowdown deepens
Gold prices continue to perform counter-trend for a recession. As Bloomberg points out the metal, which previously rallied during every US recession in the past three decades, is refusing to rebound as a safe-haven should.
The gold conundrum