Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
This is Money
The European Central Bank is paying close attention to mounting difficulties at 25 banks deemed crucial to the health of the eurozone financial system, fearing another wave of bank turmoil next year if the recession drags on.
ECB fears bank crisis in 2010 as recession drags on
Latvia expects to access the next tranche of its 7.5bn (4.5bn) economic rescue loan soon and will not need to devalue its lat currency, Prime Minister Valdis Dombrovskis said on yesterday.
EU looks to reassure markets over Latvia
The UK's surprising resilience is confirmed by the National Institute of Economic and Social Research (NIESR), an independent body with an enviable record for accuracy. It says that the economy hit rock bottom in as early as March and returned to growth, albeit modestly, in April and May.
Analysts: 'The recession has ended'
US long-term interest rates rose to their highest point this year on Wednesday, after the sale of 10-year government debt met with a tepid response from inflation-wary investors.
US long-term rates hit high
Global demand for oil has fallen for the first time in 15 years and by the greatest amount since 1982, according to energy giant BP.
Oil consumption falls by the most since 1982