Good morning traders!

In Asia today, the Nikkei was up 76.53 points at 10,593.72, while the Hang
Seng ended the morning down 164.75 points at 20,696.55.

Crude oil traded at $70.74 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

Germany and France have become the first of the major G7 powers to emerge from the Great Recession of 2008-2009, surprising markets with growth of 0.3pc in the second quarter.
France and Germany lead the West out of recession

How quickly sentiment changes. All that doom and gloom was so Q1. Markets are rallying and big names have been queueing up to tell us that Western economies have bottomed out. So we should not be too surprised by the latest European Senior Credit Investor Survey from Fitch, published on Thursday. As early as June credit investors seemed to broadly agree that, in terms of disruption, markets were past their worst.
For credit investors at least, the worst is over

From copper to oil, wheat and corn, commodities are booming. With a rally expected to continue over the next few months, this gold rush is leaving even a reviving stockmarket in dust.
Commodity prices surge as demand recovers

Food manufacturers have warned that sweet-toothed Americans could be left bereft of sugar unless the Obama administration loosens import restrictions as the price soars to a 28-year high.
Record prices 'will leave America with no sugar'

Warren Buffett's Berkshire Hathaway underestimated how plunging share prices would hit its investments in derivatives, the legendary stockpicker's conglomerate admitted in letters to the Securities and Exchange Commission (SEC).
Buffett's Berkshire messed-up on derivative risks

Peter Cruddas, the City of London's richest man, has returned to day-to-day management of CMC Markets as he prepares to float his financial trading business possibly in 18 month's time.
Peter Cruddas prepares for CMC flotation

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

AU. Morgan Stanley: reiterated equalweight, tp cut to 1280 from 1400
CRDA UBS: downgraded to neutral from buy, tp reiterated 670
EZJ Credit Suisse: downgraded to neutral from outperform, tp reiterated 325
FGP Morgan Stanley: upgraded to overweight from equalweight, tp raised to 475 from 415
JMAT UBS: downgraded to sell from neutral, tp reiterated 1325
LOG Morgan Stanley: reiterated overweight, tp raised to 140 from 130
MSY Morgan Stanley: downgraded to equalweight from overweight, tp raised to 195 from 190
RDSB Citigroup: upgraded to buy from hold, tp raised to 2000 from 1600
SGE Morgan Stanley: reiterated equalweight, tp raised to 217 from 190
SIA Credit Suisse: downgraded to underperform from neutral
TW. RBS: upgraded to buy from hold, tp raised to 47 from 37
VCT UBS: downgraded to sell from neutral, tp reiterated 550
WSM RBS: upgraded to hold from reduce

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End-of-day Market Overview

Have a great weekend all!

G.