Morning all. Market reports:

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

Britons are becoming more confident, more quickly than their European counterparts, in the latest evidence that the UK may recover from the recession sooner than Germany, France and its other major continental neighbours.
UK consumer confidence returning faster than rest of Europe

Economists have hailed a flurry of new statistics suggesting that Britain may now be through the very worst of the housing market downturn, the consumer spending slump and the broader recession.
Britain's housing market reignited

Four days after U.S. lawmakers berated Financial Accounting Standards Board Chairman Robert Herz and threatened to take rulemaking out of his hands, FASB proposed an overhaul of fair-value accounting that may improve profits at banks such as Citigroup Inc. by more than 20 percent.
Remarked to market, a bonus for US banks this week?

Lloyds Banking Group (LLOY.L) and Royal Bank of Scotland (RBS.L) should make "significant" profits again when the economy recovers, said the head of the body managing the British government's stakes in troubled banks.
UKFI's Moreno sees big profits at Lloyds, RBS

Barclays turned down the chance to take part in the Government's Asset Protection Scheme yesterday as it continues to steadfastly adhere to its policy of avoiding government support, lest Westminster in return seeks influence over its corporate governance.
Barclays resists taking part in Government's APS

Britains G20 ambitions were dealt another blow yesterday after it emerged that a deal on coordinated action to pump money into the world economy will be delayed until a second summit.
Blow for Gordon Brown as world leaders prepare to stall at G20 summit

Europes small- and mid-cap stocks, together with the wider market, have experienced something of a rally of late. On Friday, the MSCI Smallcap Index was up 11 per cent from the six-year low reached on March 9th. But which way is it heading? JP Morgans smallcap team has taken a decidedly bullish view.
A not-so-small rally in smallcaps?

Ireland's reputation as the "Celtic Tiger" of the 21st century economy has been shattered after its sovereign debt was downgraded, sparking fresh fears about the possibility that it may default as it battles the crisis.
Ireland downgraded as world markets fall

The run up in the oil price last summer to $147 per barrel seemed rather relentless at the time. But when it did peak momentum turned rather suddenly. Interestingly, the peak also coincided with the blow-up of energy firm Semgroup. A hard-hitting analysis of the situation by Forbes, however, now dares to suggest a much closer connection between Semgroup, the oil price rally and certain major investment banks specifically Goldman Sachs, who were the biggest proponents of the theory that oil could actually keep charging as high as $200 per barrel.
A $500bn fraud on the people of the world. (Allegedly)

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