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This is Money

Shares soared and the dollar fell to its lowest level against the pound this year as the US currency bore the brunt of greater optimism about economic recovery.
Commodities and oil soar as dollar pounded

Mr Geithner, during his first official visit to China, told an audience at Peking University in Beijing yesterday that "Chinese financial assets are very safe", despite widespread concerns that the scale of US government borrowing and the massive programme of "quantitative easing" now under way will lead eventually a burst of inflation and downward pressure on the US currency.
Geithner reassures Chinese their dollar assets are safe

A key Chinese financial official on Monday rejected suggestions the US dollar could be replaced quickly as the global reserve currency, as US Treasury secretary Tim Geithner arrived in China on his first official visit.
China official backs US dollar

Against a background of reports of recovering upbeat business sentiment, one of the Bank of England's senior policymakers warned yesterday that unemployment would continue to climb this year and next, by as much as 100,000 a month, to beyond 3 million.
Jobless will pass three million, says Blanchflower

House prices fell by the smallest monthly amount in almost a year in April, down by 0.3 per cent to an average of 152,898, according to official figures published on Monday.
House prices may be bottoming out

The Financial Services Authority is to extend rules forcing investors to disclose short positions in financial stocks, as it tries to find a long-term solution for the controversial strategy.
FSA extends disclosure rules about short-selling

Western world economies will account for less than 50pc of global gross domestic product (GDP) this year, six years earlier than expected, a think-tank has warned. The Centre for Economics and Business Research (CEBR) is forecasting that because of the downturn and China's economic resilience, the combined contribution from the US, Canada and Europe to world GDP will be 49.4pc in 2009, down from 52pc in 2008.
Western economies poised to account for less than 50pc of world GDP

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

AAL UBS: reiterated neutral, tp raised to 1950 from 1540
GFM Investec: downgraded to hold from buy, tp raised to 42 from 37
HMY Jeffries: upgraded to buy from hold
NEX UBS: reiterated neutral, tp cut to 324 from 500
PNN Deutsche: buy, tp 600
SMIN JPMorgan: upgraded to neutral from underweight, tp reiterated 740
SVT S&P: downgraded to hold from buy

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