Morning all. Market reports:

Telegraph
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FT
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The Independent
This is Money

The Federal Reserve decided to maintain a near-zero interest rate policy as the ailing US economy shows signs of stabilising, and said it would scale back a massive effort to pump liquidity into the financial system.
US interest rates held as Fed sees stabilisation

The price of British government bonds jumped after the Bank of England gave its clearest signal yet that interest rates are likely to remain at a record low for months.
Gilts jump as Bank of England signals interest rates will remain low

Unemployment will soon surpass the 3m mark, taking it to levels which rival the worst years of the 1980s, economists said as the jobless rate scaled new heights.
UK unemployment set to top three million

The pound continued to fall against the dollar today after the Bank of England said inflation could temporarily fall below 1 per cent amid a recession that has grown deeper than its Monetary Policy Committee (MPC) expected.
Sterling tumbles on gloomy inflation outlook

It is frequently claimed that Britain's banking blunders could lead the country into a macro-economic decline of the sort experienced in Japan.
Britain's crisis may differ from Japan's, but it could still suffer a lost decade

Britain's Uber-bear is growling again. After predicting a torrid "relief rally" over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears.
RBS uber-bear issues fresh alert on global stock markets

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

AAL ING: reiterated buy, tp raised to 2700 from 2050
BARC UniCredit: initiated buy, tp 400
CW. Merrill: reiterated neutral, tp cut to 150 from 160
GRI Merrill: upgraded to buy from neutral
HFD Citigroup: reiterated buy, tp raised to 430 from 400
IPR ROTH: upgraded to buy from hold
IRV UBS: downgraded to neutral from buy
LLOY UniCredit: initiated sell, tp 90
RBS UniCredit: initiated hold, tp 46
SIA UBS: reiterated sell
XTA ING: upgraded to buy from hold, tp raised to 1175 from 775

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