Morning all. Market reports:

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

An era of high rolling at the Wall Street casino will shortly come to an end if Barack Obama gets his way. The US president has delivered his biggest broadside yet against the financial industry's excesses and is proposing the strictest restrictions on banks' activities for seven decades.
Obama takes on banking industry

US officials will fly to London next week to discuss with ministers how sweeping changes to the banking system outlined by President Barack Obama to fight Wall Street's excesses might be implemented in the City.
UK considers Obama-style banking revolution

Chinese Premier Wen Jiabao once said 2009 would be China's toughest economic period in fifty years. He wasn't thinking ahead.
China gets growth and a nasty dilemma

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

CPW Morgan Stanley: downgraded to equalweight from overweight
GKN Goldman: tp raised to 211 from 155
KESA Deutsche: downgraded to hold from buy, tp cut to 135 from 139
KGF Morgan Stanley: upgraded to overweight from equalweight
NEX Goldman: upgraded to buy from neutral, tp 240
NWG Morgan Stanley: downgraded to underweight from equalweight, tp raised to 260 from 225
PNN Morgan Stanley: downgraded to underweight from equalweight, tp raised to 490 from 460
RIO HSBC: upgraded to overweight from neutral
SVT Morgan Stanley: upgraded to overweight from underweight, tp raised to 1285 from 905
UU. Morgan Stanley: upgraded to equalweight from underweight, tp raised to 570 from 420

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HOC and FRES both dipped below their MA25 this morning. HOC's dropped from 370 and FRES from 894 on 11/01. HOC support 299.6.

Morning guys.
Meetings this am and so won't be out to play until 1130. Wonder what will befall the markets in the meantime?

End-of-day Market Overview