Good morning traders!

In Asia today, the Nikkei was up last up 46 points at 8,765.78, while the Hang
Seng reached the midpoint up 73.79 points at 14,595.76.

Crude oil was down 33 cents at $52.03 a barrel on Nymex.

Happy Friday!

G.

Morning all. Market reports:

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

America's accounting regulator ignited a storm of controversy on Thursday by relaxing a rule that banks insist is hindering their recovery, just as the G20 leaders agreed to reform accounting standards across the globe.
US relaxes mark to market regulations

Stock markets soared yesterday amid hope that the measures agreed at the G20 summit and the harmony displayed by world leaders will be enough to power the global economy back into growth.
Optimism races through markets after show of harmony at G20 summit

Hundreds of billions of dollars in extra money was pledged along with a new clampdown on the worst excesses of the financial system. Months of tense diplomatic negotiations resulted in the nine page communiquissued on Thursday evening. These are the main points of the agreement:
G20 communiqu Point by point analysis

The spot price of gold hit a session low of $893.24 an ounce on Thursday after Prime Minister Gordon Brown said the G20 would ask the International Monetary Fund (IMF) to bring forward its gold sales programme.
G20 summit: Gold falls on IMF sales fears

The European Central Bank sprung the wrong kind of surprise after its meeting on Thursday.
ECB dithers as eurozone dives

The European Central Bank is expected to finally start buying up corporate debt as the eurozone economy heads for severe depression, including a bout of deflation.
European Central Bank expected to start quantitative easing

The US should heed the IMF's warning about toxic assets. Dominique Strauss-Kahn didn't actually single out the US, but the IMF boss has said that G20 nations haven't done enough to clean up their banks' balance sheets.
US should heed IMF's toxic warning

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

AGS Cazenove: initiated outperform, tp 125
DSGI JP Morgan: reiterated underweight, tp cut to 17 from 19
HGG Citigroup: reiterated hold, tp raised to 80 from 70
JMAT Credit Suisse: upgraded to outperform, tp raised to 1450 from 900
GSK Cazenove: upgraded to outperform
LGEN Citigroup: reiterated hold, tp cut to 56 from 90
KESA JP Morgan: reiterated overweight, tp raised to 130 from 115
NFDS UBS: downgraded to neutral from buy
PFD Goldman Sachs: downgraded to neutral from buy
SGRO Credit Suisse: upgraded to neutral from underperform, tp raised to 18 from 13
TATE RBS[HB]: hold, tp 370
TATE UBS: neutral, tp raised to 285 from 270

End-of-day Market Overview