Morning all. Market reports:

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

The central bank said its most recent rate cut at the end of April was a "close call," with the majority of the Federal Open Market Committee (FOMC) believing that further reductions are unlikely even if the economy contracts further.
Stagflation fears move Fed to curtail rate cuts

The City expects interest rates to remain on hold until late this year after the Bank of England revealed that it was taking a safety-first approach to interest rate policy.
Safety first means no cut in interest rates for months

Experian, the world's biggest credit-checking company, is cracking down on costs to weather tough times ahead after warning that the financial crisis was spreading from the capital markets to the mainstream US economy.
Experian warns credit crisis is moving mainstream

Sky-high volatile prices in oil, food and a swath of minerals are now a permanent feature of the economy, a Nobel prize-winning economist has warned as crude touched a new record peak.
Warning over volatile oil prices

The perfect storm that has swept oil prices to $132 a barrel may subside over the coming months as rising crude supply from unexpected corners of the world finally comes on stream, just as the global economic downturn begins to bite.
Oil's perfect storm set to blow over

Alistair Darling has called a Downing Street summit with Britain's biggest supermarkets over the threat posed to the UK economy by spiralling food prices.
Alistair Darling organises summit with supermarkets

Royal Bank of Scotland is no longer the UK's second-biggest bank after the slide in its share price continued yesterday, pushing it to fourth in the rankings. Shares in the Edinburgh-based bank fell a further 12.5p to 241p in technical trading ahead of the completion of its record-breaking 12bn rights issue.
Plunging share price pushes RBS down to UK's fourth-largest bank

House prices will fall about 7 per cent this year, with no prospect of the mortgage lending market recovering in 2008, Britain's bank and building society trade body has warned.
Mortgage lenders tip 7% fall in house prices

A top cast of European statesmen has issued a blistering denunciation of financial markets and called for a creation of a pan-EU body to protect the citizens against the "social risk" posed by modern capitalism.
EU-wide 'super regulator' poses threat to City of London

TFN UK calendar and forecasts for today

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

BROKERWATCH Royal Dutch Shell upgraded to 'buy' from 'hold' at ING

London shares outlook - Weaker after Wall Street drop; UK retail sales key

BROKERWATCH Pernod Ricard upped to 'overweight' at HSBC on valuation groundsThomson Financial UK at a glance share guide

The Thursday Press Roundup

Australian shares close slightly higher on support for energy stocks

BROKERWATCH Miners' price targets raised in Sanford Bernstein sector review

BROKERWATCH Vedanta Resources cut to 'neutral' from 'buy' at Goldman SachsBROKERWATCH BAE Systems cut to 'underperform' at Cheuvreux; target cut toUK smallcap opening - Henderson Morley up on technologies sale hopes

UK smallcap opening - OCZ Technology up on swing to profit in 14-month period

STOCKWATCH Smiths Group falls post trading statement; Landsbanki retains 'hold'Australian shares close firmer led by energy stocks on record oil - UPDATE

UK smallcap opening - European nickel gains on Forestry Permit application

UK smallcap opening - Optimisa plunges on FY profits warning

UK small caps open lower with wider market; Optimisa hit by FY warning

CNR
Selected Monday on the UPS for the week is going places today after slowly rising ( well control by MMs )

Chart signaling UPTREND lately

STOCKWATCH Cadbury climbs on renewed bid speculationSTOCKWATCH Tate & Lyle lower as corn pricing concerns overshadow in-line FY

STOCKWATCH Cadbury climbs on renewed bid speculation

STOCKWATCH BAT gains as Richemont says considers splitting business units

STOCKWATCH UK banks lower on Moody's implications; ABN Amro still 'underweight'