Morning all. Market reports:

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

The pound hit its highest level on the foreign exchanges for seven months tonight after City concerns about deflation were countered by official figures showing that the annual increase in the cost of living stayed stubbornly high last month.
Pounds rallies after inflation stays above 2%

Inflation is proving more persistent than many economists predicted, according to the latest figures from the Office for National Statistics (ONS).
Persistence of inflation raises fears of stagflation

Unemployment will continue increasing until the end of next year, long after the economy has started to recover from the recession, a new report predicted today.
Job losses 'will keep rising for another year'

Hedge fund liquidations fell by 50% in the first quarter from the record levels set in the previous quarter as the industry grew for the first time in 10 months, according to data provider Hedge Fund Research and Eurekahedge.
Hedge fund comeback gathers steam

Francisco Blanch, commodities strategist at Merrill Lynch, observes in a recent note to what extent the distillate overhang has now ironically become the primary driver of gasoline strength, and to what degree refineries are switching over to gasoline-max mode to try and make-up for the shortfall.
Distillate weakness driving gasoline strength

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

BAY HSBC: reiterated neutral, tp cut to 170 from 185
CBRY UBS: reiterated neutral, tp raised to 510 from 490
LOG Deutsche: upgraded to buy from hold, tp raised to 100 from 77
SBRY Pali: reiterated buy, tp reiterated 400
ULVR UBS: downgraded to sell from neutral

Twitter Updates
more >>

End-of-day Market Overview