Morning all. Friday's market reports:

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

Saturday

The global economy could be poised for the creation of a potentially explosive dollar carry trade, analysts said yesterday. The warning was issued at the Apec summit of Asia Pacific leaders in Singapore and came after a variety of assets started to display bubble-like patterns of inflation: everything from gold and copper to fine wine and Hong Kong penthouses.
Dollar carry trade could herald the next global crisis, analysts warn

The US is back on Bailout Red Alert, and this time round the federal government looks like it might have to pay to bail out ? itself. No one should be surprised to learn that the Federal Housing Administration has found itself facing big losses, what with so many Americans failing to pay their mortgage.
America on bailout red alert again

The 16-strong group of nations in the eurozone have emerged from recession, official figures showed today. European countries using the single currency grew their collective economy 0.4% in the third quarter.
Eurozone countries emerge from recession

Hedge funds and private equity firms are reeling from an explosive EU plan to clamp down on their pay after the Swedish presidency formally published its new draft legislation aimed at the industry.
Hedge funds stunned by EU clampdown on bonuses

Sunday

The Chinese government has sought to distance itself from speculation surrounding a central bank statement earlier this week that was interpreted as a shift in currency policy towards a stronger yuan.
China quashes talk of letting yuan strengthen

The UK's largest commercial property companies, British Land and Land Securities, will announce the end of a two-year slide in property values when they unveil results this week.
UK commercial property market makes comeback

Retailers have abandoned their campaign to persuade Alistair Darling to postpone the January 1 rise in Vat to 17.5% after the Treasury said the chancellor was committed to the move.
Retailers give up fight on VAT rise

Major investors have raised concerns that Ofwat price proposals for water companies for the next five years could result in the sector being shunned by equity holders, as the investment risks are increased and the returns reduced.
Ofwat's price review could drive investors out of water sector

The original concept, first mooted in the 1970s, was simple: a tax on foreign-exchange transactions that would stop national economies being at the mercy of currency speculators.
Tobin is not a mythical monster to frighten the City; it has a moral force

Monday

Tomorrow will see the publication of figures on inflation. On all the various definitions, inflation has now been falling since the beginning of the year. The figures for October will probably show that it has moved up slightly ? on the CPI measure from 1.1pc to about 1.4pc.
Inflationary armageddon? Not yet, but come 2011 it's another story

Wealthy investors sitting on large piles of cash have taken a further ?2 billion out of cash and moved it into stock and bond funds.
Investors move out of cash to plough money into higher-earning bonds

Far from taking over as the engine of growth from an exhausted West, China is making matters worse. Its "beggar-thy-neighbour" policies continue to play havoc with global trade and risk tipping the world into a second leg of the Great Recession.
China has now become the biggest risk to the world economy

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In Asia this morning, the Nikkei was down 7.62 points at 9,762.69, while the Hang
Seng ended the morning ahead 330.08 points at 22,883.71.

Crude oil traded at $77.13 a barrel and gold surged to new a record high, recently
standing at $1,129 an ounce.

Happy Monday!

G.

ARM Investec: reiterated buy, tp reiterated 175
AV. Morgan Stanley: upgraded to overweight from equalweight, tp raised to 593
AZN Deutsche: initiated buy
AZN Shore: reiterated buy
BT.A Goldman: reiterated neutral, tp raised to 170 from 148
GSK Deutsche: initiated hold
ITV Deutsche: upgraded to buy from sell
PSN Shore: reiterated sell
REX UBS: downgraded to neutral from buy, tp reiterated 350
RIO Daiwa: downgraded to hold from buy
SHP JPMorgan: reiterated neutral, tp raised to 1345 from 1120
SN. Morgan Stanley: reiterated equalweight, tp raised to 582 from 516
TATE UBS: downgraded to sell from neutral, tp raised to 425 from 280

End-of-day Market Overview