Morning all. Market reports:

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

German leaders have agreed in principle to a rescue package of up to 135bn for Greece in emergency talks with EU and IMF officials, but failed to offer any clarity on the conditions for such aid.
EMU domino fears as Spain downgraded, Germany drags feet on rescue

The European Commission has angrily threatened to regulate credit rating agencies after Standard & Poor's stoked up Europe's debt crisis by downgrading Greek bonds to junk status.
European Commission's angry warning to credit rating agencies as debt crisis deepens

Fortis, Dexia and SocGen seem to have the highest exposure relative to their tNAV, with 64%, 35% and 14%, respectively. The three Spanish banks (SAN, BBVA and POP), have declared zero exposure. Lloyds and Unicredit have also said their exposure is marginal, and CASA [Credit Agricole] less than 0.5bn.
Whos exposed to Greece?

Fears of a fresh banking crisis stalked the markets today as the risk of Greece defaulting on its debt repayments raised concerns about the exposure of major banks to indebted countries in Europe.
Debt crisis: UK banks sitting on 100bn exposure to Greece, Spain and Portugal

As public opposition towards bailout grows by the day, so too does Angela Merkel's dilemma.
Debt crisis: Germans rage at picking up bill for 'pampered' Greeks

One of Britain's most powerful trade bodies has warned that the winner of the next election must be prepared to reduce the size of the Government immediately or risk economic problems for a decade.
Business leaders warn next Government: either shrink the state or risk economic ruin

The findings of Wednesday's CIPD/KPMG survey on recruitment intentions would suggest things are looking rosier amongst companies.
British companies signal the UK economy has reached the bottom

A hung Parliament could hit the banking sector harder than has been anticipated by the stock market, according to Sir John Gieve, former deputy governor of the Bank of England. An alliance between the Conservatives and Liberal Democrats could lead to a big tax on banks and a serious attempt to split them up, Sir John said.
Alliance between Tories and Lib Dems 'could hit banks harder than expected'

The gold price has risen to a four-month high after Standard & Poor's, the rating agency, lowered Greece and Portugal's credit ratings, spurring demand for the metal.
Gold hits four-month high

The US Federal Reserve has voted to keep interest rates at rock bottom levels for an extended period while acknowledging that the American economic recovery is getting stronger.
Fed votes to keep its foot on interest rates

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE
KOSPI	SENSEX	VIX	GBP/USD
GBP/EUR	NYMEX CRUDE	GOLD

Public holiday in Japan.

Midday Market Overview

         LUNCH TIME FUN

THE HYPOCRITE PRIME MINISTER
Brown's 'bigot' remark: It's that sinking feeling

NOTE:Imigration
The Falinge area of Rochdale which had the highest number of benefit claimants in Britain

When grandmother Gillian Duffy suggested immigration was a problem in Rochdale, she was
swiftly dismissed as a 'bigot' by Gordon Brown.
But the Prime Minister was betraying not only his real feelings about the worries of millions
of Britons, but also his ignorance of what has been going on in the northern town - which
provides an acute case study of issues afflicting the whole nation.
For ethnic populations in Rochdale, ten miles north of Manchester, have been rising so
fast that the Home Office has been warned it is at risk of race riots, and the council
has had to draw up a special housing plan for minorities.

KEEP an EYE

DES

Bouncing after the last two weeks of further losers on the share price. stronger order book

End-of-day Market Overview