Good morning traders!

No Nikkei this morning, but the Hang Seng ended the morning session up 446.98
points at 19,252.64.

Crude oil traded at $64.04 a barrel on Nymex.

Happy Monday!

G.

Morning all. Friday's market reports:

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

Saturday

CIT Group, one of Americas biggest lenders to small and medium-sized businesses, was today in last-minute talks to find short-term funding in order to avert a bankruptcy filing.
CIT in frantic bid to secure short-term funding

With the El Ni-Southern Oscillation (ENSO) on the horizon and concerns over food shortages, crops are locked in a bull market.
El Nino threat blows commodity prices higher

Martin Hickman, who became hooked on spread betting after retiring, has had some spectacular gains and losses.
Day trading: 'I lost 200,000 in a day'

Sunday

OFFICIAL FIGURES this week for Britains second-quarter gross domestic product will confirm the worst of the recession is over. But a report from the Ernst & Young Item club, using the Treasurys economic model, will warn of a fragile recovery, with the threat of a double dip back into recession.
UK economy heading for fragile recovery

Wall Street and City of London bank chiefs will be targeted this week at the launch of a new transatlantic campaign to reinstate historic usury laws restricting the interest rates charged by loan sharks and credit card companies.
Bring back usury law to control interest rates, campaign urges

For a glimpse of what awaits Britain, Europe, and America as budget deficits spiral to war-time levels, look at what is happening to the Irish welfare state.
Fiscal ruin of the Western world beckons

Cash-rich shell companies hijacked; 375m of forged Brazilian bank deposits; astonishing (and misplaced) expectations of a major oil strike in Greece - the corporate scandals on London's Alternative Investment Market make for ripping yarns, each of them deserving of a movie.
Phantom oil and bogus bonds: Aim's darkest days

Monday

CIT on Sunday night clinched a two-year, $3bn rescue financing with its creditors that will enable the troubled US finance group to avoid bankruptcy.
CIT wins eleventh-hour reprieve

Britain risks sliding into a long deflationary recession if the H1N1 swine flu pandemic develops along lines predicted by the Government, according to the Ernst & Young ITEM Club report today.
Swine flu threatens deflation slump, Ernst & Young ITEM Club report warns

Hopes of the consumer kick-starting the global economy have been dented by a study showing that the world's top retailers expect the current downturn to impact their businesses for up to two years.
Retailers predict years of gloom

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

Nikkei is closed today.

BVS UBS: upgraded to buy from neutral, tp 518 from 491
CW. ING: initiated buy, tp 160
NFDS JPMorgan: initiated neutral, tp 60
RWD JPMorgan: initiated overweight

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One on the move JPR

UPS

JPR 17.125p (17 / 17.50p )
Recent bounce with volume after retracement with positive Indicators oversold and double bottom on the chart. Advertising is slowly recovering, order book stronger on the bid side

Another one on the move

UPS

CRND 15.375p ( 15.25 - 15.50p)
Reason :Has $46M in cash and is continuing to make considerable progress in building a substantial low cost gold mine. Co. have commenced trial slot mining and should begin underground mining during August. Is targeting to produce rate of 100,000oz of gold annualy by early 2009. Volume and positive Indicators

End-of-day Market Overview