One for the "UPS"

YELL 61.40p

Reason - internet advertising has held well during downturn and now a revival is being felt.
Refinancing with the equity raising is 3 week away from the vote but can be extended
if is not positive from total of lenders. In the meantime share price should apreciate
ahead of the event, as MACD is ready for a crossover and Fibonacci bounce

Morning all. Friday's market reports:

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

Saturday

A grim assessment of how the recession has affected the North of England has been published by a leading think-tank. IPPR North says that Northern cities have suffered from a "triple whammy" of blows: unemployment, already high, has become proportionately worse; inner-city regeneration schemes have been especially badly affected by the housing crash; and the coming cuts in public spending will also rob them of a boost in spending on the NHS, schools and universities.
North-South divide 'sharpened by slump'

Sunday

The pound will be stuck at near-parity against the euro for up to four years, according to a report from Ernst and Young Item Club. Britain is also likely to save more to protect it from future shocks, according to Professor Peter Spencer, the institution's chief economic adviser.
UK's budget deficit will leave pound weak until at least 2014

Government figures are expected to show the recession is over, but the Item Club says growth will not resume until 2012.
UK faces long 'VW-shaped' recovery

It recovered some ground in the summer, and there was a brief buying spree at the end of last week, after comments from Bank of England policymaker Andrew Fisher suggested that quantitative easing is working well. But against the currencies of our major trading partners, sterling is now worth almost 25% less than at the beginning of 2007.
Can a weak pound make Britain's economy strong again?

Rapidly rising unemployment in Britain's industrial heartlands has sent the real level of joblessness surging to well over 3m during the recession, according to a report to be published this week.
Britain's real jobless total 'more than 3m' says new report

BRITAINs financial authorities pledged to use all the tools available to catch market fraudsters after a landmark case in which investigators in America used wiretaps to bring down a multi-million dollar insider-trading ring.
FSA to step up hunt for market fraudsters

In a radical review of the mortgage market, the Financial Services Authority will launch plans to tighten up regulation and crack down on risky lending as part of reforms that will slow house price growth for a generation.
Era of cheap mortgages is over, British homeowners warned

At nearly eight months old, the current rally has proved to be more durable than many supposed. But the elevated expectations now have to be met. Now there is a different mindset. Spreads and stocks are pricing in a recovery timescale that would have seemed quite unlikely earlier this year.
CDS report: This rally has legs

Monday

The Chicago Board Options Exchange Volatility Index, known as the Vix, fell for a 10th consecutive day on Friday, its longest losing streak since May 2005, according to Bloomberg data.
US volatility index hits 13-month low

Britain runs the risk of driving foreign investors away and triggering a sterling crisis if the public finances are not brought under control by 2015-16, the CBI has warned.
Britain risks sterling crisis if public finances are not controlled, warns CBI

Britain has twice averted disaster over the past century by a timely ? if humiliating ? crash in sterling. In neither case was it obvious that this would lead to a decade-long revival in British fortunes.
A sterling crash is a godsend

Property asking prices in London have broken through the record high set in November 2007 as the drought of homes for sale around the country continues to distort the market.
London house prices surge past 2007 record high

Warm weather, growing confidence and currency conscious tourists produced a 7.5pc jump in like-for-like retail sales in central London stores and shops last month, the biggest growth for 13 months.
London retail sales jump 7.5pc

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In Asia today, the Nikkei was down 32.84 points at 10,224.72, while the Hang Seng
ended the morning ahead 85.7 points at 22,015.6.

Crude oil traded at $78.53 a barrel on Nymex.

Happy Monday!

G.

UBS UK equity strategy:
* adds Lloyds Banking Group to UK 1st xi list, removes HSBC from UK 1st xi list
* says outlook for UK banks into 2010 looks significantly rosier than at the beginning of the year
* expects UK banks' revenues to overshoot consensus expectations over next 12 mths
* says UK banks' bad debts will under-shoot consensus expectations over next 12 mths

Another one for the UPS

UPS

IFL 52.675p (52.50 / 52.75p )

REASON - The trend is up since last week and after the profit taking last Friday is moving higher again
with the MACD very bullish now. Order book has gone positive on the last few minutes.

End-of-day Market Overview