Morning all. Market reports:

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

The International Monetary Fund has slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.
IMF predicts world recession will deepen

Alistair Darlings Budget forecast that the economy will revive next year and return to modest growth came under heavy fire today as the International Monetary Fund warned that Britains slump will drag on into 2010.
UK slump will not end in 2010, says IMF

Anxiety about the record levels of government borrowing spooked sterling and drove down bond prices yesterday although the stock market was buoyed by share trading in the US.
Budget plan prompts sterling fall and stuns City

Goldman Sachs has dramatically raised its forecasts for the Chinese economy and is now predicting 8.3pc growth for this year, above the Communist Party's own target.
Goldman Sachs turns bullish on Chinese economy

Exports fell 16.4% last year to 71.1 trillion as makers of consumer electronics and cars - the driving force of the economy - counted the cost of plummeting demand in the US, Europe and China.
Japan suffers first trade deficit since 1980

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

Good morning traders!

In Asia today, the Nikkei was up 25.05 points at 8,752.35, while the Hang Seng
ended the morning up 133.76 points at 15,012.21.

Crude oil traded at $48.45 a barrel on Nymex.

Happy trading!

G.

ANTO HSBC: downgraded to underweight from neutral
BAY HSBC: initiated neutral
BP. RBS: upgraded to buy from hold, tp raised to 565 from 550
CPI Morgan Stanley: upgraded to overweight, tp raised to 750 from 680
ENRC HSBC: downgraded to underweight from neutral
GNK UBS: reiterated buy, tp raised to 590 from 510
MGGT Arden: reiterated neutral
PRU JP Morgan: downgraded to neutral from overweight
REX Goldman: downgraded to neutral from buy
SMDS Goldman: upgraded to neutral from sell

End-of-day Market Overview