Morning all. Market reports:

Telegraph
Telegraph (Bloomberg summary)
The Times
FT
The Guardian
The Independent
This is Money

Wall St survives Shanghai surprise
Outdated Dow Jones leaves markets at sea

OUTLOOK Reuters FY to focus on 2007 outlookOUTLOOK Aviva FY profit seen up 13.7 pctOUTLOOK BAT results likely to be clouded by consolidation issuesOUTLOOK Royal Bank of Scotland FY profit seen up 13.3 pctOUTLOOK InBev FY net to rocket on higher sales driven by Lat America volumesAustralian shares close lower despite China/US rebounds; major banks fall-UPDATEAsian markets summarySTOCKWATCH - China's Ping An Insurance up over 43 pct on debut - UPDATE

Good morning traders!

In Asia today, The Nikkei closed 150.61 points lower at 17,453.51, while the Hang
Seng ended the morning down 102.75 points at 19,548.76.

New York Mercantile Exchange's main oil futures contract, light sweet crude for
delivery in April, was down 24 cents at $61.55 a barrel from $61.79 in late trading
in the US overnight.

Have a lucky March!

G.

Tokyo shares close lower on wariness about US economy, overseas markets

STOCKWATCH AB Foods upgraded to 'buy' from 'hold' by Citigroup

Tokyo shares close lower on wariness about US economy, overseas markets - UPDATELondon shares outlook - lower as Asian markets slide, Wall St unconvincing

STOCKWATCH HBOS downgraded to 'equal weight' from 'overweight' by LehmanAFX UK at a glance share guide

ARM upgraded to outperform from neutral - Credit Suisse
EZJ upgraded to overweight from neutral - HSBC
HBOS downgraded to equal-weight from overweight - target 1240 - Lehman Brothers
IGG upgraded to buy from hold - Citigroup
IMI upgraded to buy from add - Dresdner Kleinwort
RYA upgraded to overweight from neutral - HSBC

STOCKWATCH RBoS seen higher on forecast-busting FY; Merrill Lynch 'buy'

STOCKWATCH BAT higher on cash return boost, in-line FY: UBS 'buy'STOCKWATCH ARM upped to 'outperform';ASML cut to 'underperform' by Credit Suisse

STOCKWATCH Aviva slips after EEV opg result comes in below expectations

UK smallcap opening - Cartucho ticks up on funding move

STOCKWATCH Aviva slips after EEV opg result comes in below expectations UPDATESTOCKWATCH Reuters advances as market cheers full-year figures

UK smallcap opening - Kimberley Diamond up on record find

UK smallcap opening - KimCor Diamonds up on water supply dealUK smallcap opening - Prestbury firms on sale hopes

UK smallcap opening - SMG rally afresh following terminated UTV merger talks

UK smallcap opening - Jessops slide afresh as KBC downgrades

AFX NEWS BRIEFING: Pharmaceuticals and chemicals highlights to 09:10 GMTAFX NEWS BRIEFING: Aerospace and transportation highlights to 09:10 GMTAFX NEWS BRIEFING: TMT highlights to 09:10 GMTUK smallcap opening - TV Commerce adrift on subsidiary closure move

STOCKWATCH Sainsbury's higher as M&S says no bid 'at this time'AFX NEWS BRIEFING: Banking and insurance highlights to 09:15 GMTAFX NEWS BRIEFING: Oil and utilities highlights to 09:15 GMTAFX NEWS BRIEFING: Consumer and retailing highlights to 09:15 GMT

STOCKWATCH Reuters higher on upbeat 2007 guidance, raised share buybacksCORRECTION UK smallcap opening - Kimberley Diamond up on record findUK small caps open higher with Cartucho firm on funding newsMetals - LME inventory data (Thursday)AFX NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 GMT