Morning all. Friday's market reports:

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

Saturday

Hopes that the economy is firmly on course to emerge from recession were given another boost yesterday when a key survey found renewed expansion in the crucial services sector for a second consecutive month.
Recovery hopes are boosted as services sector picks up momentum

More ambiguous economic data yesterday added to the uncertainty about whether the UK is on the road to recovery or slumping back into recession.
UK economic data too ambiguous to call recession end

Goldman Sachs is a giant pig. A giant pig that blows bubbles through a wand shaped like a dollar sign. A giant pig that laughs at us when we invest in worthless dotcom stocks. A giant pig that happily watches us get carried away and burned by rising home prices. A giant pig that smiles widely when we have to fill our tanks with $4-a-gallon gas. Quite simply, the investment bank that is revered on Wall Street could just be a bunch of crooks, and greedy ones at that. That's the view of Goldman Sachs delivered by an article in the current issue of Rolling Stone.
Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown

As fear of the financial crisis recedes, investors feel less wedded to the U.S. dollar. Add in America's ballooning deficit, and the outlook for greenbacks is getting grim.
Outlook for U.S. Dollar Darkens

Sunday

The Bank of England's Monetary Policy Committee could expand its quantitative easing (QE) programme from 125bn to 150bn or more on Thursday as it weighs up the prospects for economic recovery at its July meeting.
Bank of England's Monetary Policy Committee considering expanding quantitative easing to 150bn

Businesses of all sizes should start making contingency plans to deal with the swine flu pandemic, after the government's warning that the number of people falling ill with the virus could soar to 100,000 a day by August, employers groups have warned.
CBI issues swine flu alert

The Government is girding itself for a battle royal with the EU over threats that Lloyds Banking Group and RBS will be forced to spin off or sell parts of their businesses.
Showdown as EU and UK battle over banks

Monday

The US economy is lurching towards crisis with long-term interest rates on course to double, crippling the countrys ability to pay its debts and potentially plunging it into another recession, according to a study by the USs own central bank
US lurching towards 'debt explosion' with long-term interest rates on course to double

The leaders of the world's biggest economies are likely to agree that it is too early to start withdrawing the unprecedented stimulus injected into the global system despite signs that the worst of the crisis has passed.
G8 leaders likely to stand firm on stimulus

There will be no quick exit for the taxpayer from its multi-billion pound stakes in Lloyds Banking Group and Royal Bank of Scotland, the body that controls the investments will warn this week.
UKFI rules out quick sale of bank shares

Investment banks, including Goldman Sachs and Barclays Capital, are inventing schemes to reduce the capital cost of risky assets on banks balance sheets, in the latest sign that financial market innovation is far from dead.
Banks reinvent securitisation to cut capital costs

Wall Street is gearing up to trade the registered warrants - de facto IOUs - issued by cash-strapped California, which last week declared a fiscal emergency amid a legislative stalemate over how to close a $24bn budget gap
Wall Street gears up to trade California IOUs

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

BLT Credit Suisse: upgraded to neutral from underperform
BVS RBS: upgraded to buy from sell
BWY RBS: upgraded to buy from hold
CPW Nomura: upgraded to buy from neutral, tp raised to 230 from 160
CRDA Credit Suisse: initiated outperform, tp 700
GFTU Citigroup: downgraded to sell from hold
RDW RBS: downgraded to sell from hold
TOMK Merrill: upgraded to buy from underperform
VED UBS: upgraded to buy from neutral, tp raised to 1760 from 1250

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End-of-day Market Overview