Morning all. Market reports:

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

Federal Reserve chairman Ben Bernanke will set out his vision for the future of the US economy on Tuesday. He is expected to detail how quickly he believes the turn-around will begin and when he expects the deepest recession in 70 years to come to an end.
Ben Bernanke to set out Federal Reserve's vision for US economy

Neil Barofsky, special inspector-general for the troubled asset relief programme, said that the various US schemes to shore up banks and restart lending exposed federal agencies to a risk of $23,700bn - a vast estimate that was immediately dismissed by the Treasury.
Tarp exposes US to $23,700bn risk, watchdog says

California lawmakers, their state broke and its credit rating shot, finally sealed the deal with the governor Monday night on a plan to close a $26 billion budget gap.
California reaches budget deal

The City is preparing for an expansion of the Bank of England's money creation programme after it emerged that bank lending to business is falling and home loan advances are down almost 50% on a year ago.
Flow of credit to businesses fell for second consecutive month

More than one in every three of the 100 biggest companies listed on the Alternative Investment Market fail to publish an executive remuneration report, a study has found.
One in three Aim companies 'fails to publish director pay'

The New York Attorney General has Charles Schwab in his sights after accusing America's largest online stockbroker of civil fraud over the marketing and sales of auction rate securities (ARS).
Andrew Cuomo accuses Charles Schwab over auction rate securities

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

BARC JPMorgan: reiterated underweight, tp raised to 220 from 185
BAY Goldman: upgraded to buy from sell, tp raised to 165 from 120
BRBY Nomura: reiterated buy, tp raised to 505 from 378
HSBA JPMorgan: reiterated neutral, tp reiterated 450
JMAT Cazenove: reiterated hold
MRW Seymour: reiterated buy
NG. Credit Suisse: upgraded to neutral from underperform
PFG Credit Suisse: upgraded to outperform from underperform, tp raised to 900 from 700
RBS JPMorgan: reiterated underweight, tp raised to 26 from 17
RIO Macquarie: resumed outperform
STHR UBS: upgraded to buy from neutral

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