Morning all. Friday's market reports:

Telegraph
The Times
FT
The Guardian
The Independent
This is Money

Saturday

US incomes jumped last month as President Barack Obamas $787 billion economic stimulus took effect but Americans stashed their cash in bank accounts rather than spending it.
US stimulus goes into accounts, not tills

Aside from horrific unemployment figures, falling house prices and a public sector deficit that threatens to push public debt above 60 per cent by next year, there are also some highly toxic assets on the balance sheets of the countrys banks, a fact clearly worrying credit rating agency Moodys if you consider its multi-streamed downgrade of the Spanish banking industry last week.
Forget Latvia, what about Spain?

The Financial Services Authority has extended the current disclosure regime on short-selling of financial stocks indefinitely as part of its crackdown on market abuse.
Financial Services Authority extends ban on short selling

Oil giants will be forced to tussle for contracts worth an estimated $16bn (9.7bn) live on Iraqi television in a bizarre contest they fear could end up resembling a game show.
Iraqi oil contracts to be auctioned in live TV 'game show'

Sunday

Britain's national debt will quadruple to peaks only ever seen in the wake of the Second World War unless the Government takes drastic steps to address the pensions and ageing crisis, Standard & Poor's has warned.
UK's debt will quadruple unless drastic steps are taken, says S&P

Alistair Darling will deny Mervyn King the crucial powers he is demanding to prevent another financial meltdown until after the general election, the Observer has learnt.
Darling thwarts King's bid to take wider powers

Britain's supermarkets are using the property crash to seize sites for new stores in a land grab that could redefine the retail sector for years to come. The Observer has learned that all the major supermarkets are scouring retail parks where tenants have gone out of business, and buying empty high-street shops and pubs for new stores.
Supermarkets seize chance for land grab

Monday

The British economy shrank by more than 2pc in the first quarter, a bigger contraction than originally estimated, official figures are expected to show on Tuesday.
Recession 'worse than thought'

Taxpayers around the world still face potentially large losses because governments have failed to act quickly enough to remove toxic assets from the balance sheets of key banks, the world's leading central bankers warn today.
Recovery threatened by toxic assets still hidden in key banks

China's banks are veering out of control. The half-reformed economy of the People's Republic cannot absorb the $1,000bn (600bn) blitz of new lending issued since December.
China's banks are an accident waiting to happen to every one of us

Spiralling government debt around the world has prompted the creation of the first tradeable indices tracking the risks of countries defaulting.
Indices to track sovereign default risk

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

BARC Goldman: resumed neutral
DSGI JPMorgan: reiterated underweight, tp cut to 20 from 35
LLOY Goldman: upgraded to conviction buy from neutral, tp raised to 107 from 61
RBS Goldman: reiterated neutral, tp raised to 41 from 36
STAN Morgan Stanley: reiterated underweight, tp raised to 900 from 700

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A share on the move today with news, ready to move ......

UPS
JPR 17.125 (17 / 17.25p )

reason : volume picking up today as share price is bouncing from the lows lately. On the discussion with its lenders, news today of defer the testing of certain
covenants to 31 August 2009

Charts- Intraday

3 month candlestick with volume

3 month Bollinger Bands - 50 days MA - Indicators

5 days

Something wrong with the links from the news to here, as no lunch time Market Report