Morning all. Friday's market reports:

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

Saturday

Jean-Claude Trichet said it was time to unwind some of the measures that propped up the banking system during the financial crisis.
Time for banks to wean themselves off cheap money, ECB president says

The Bank of Japan and the Japanese Finance Ministry have embarked on a bizarre public row over the threat of deflation and whether the countrys economy is poised for a recovery or slump.
Ministers and bank divided as Japan faces prospect of return to deflation

The IntercontinentalExchange is probing trades in U.S. dollar index futures that briefly showed a massive 9% jump on Friday morning. The lead contract surged as high as 82.18, up from a 75.38 close on Thursday. Such a move was improbable given that in spot markets, the dollars moves against major currencies such as the euro were limited to about 1%.
My big fat dollar finger

Sunday

Under World Trade Organisation (WTO) rules, the Government may have been guilty of financial protectionism when it rescued Royal Bank of Scotland (RBS) and Lloyds Banking Group. If challenged and found guilty, the UK could face trade sanctions or having to overhaul the semi-nationalised banking system significantly.
Britain's bank bail-out may have broken rules, says WTO

OFWAT is expected to deliver a blow to the water companies this week with tough restrictions on customer price rises - making only small concessions to compensate them for increasing bad debts and higher business rates.
Water companies face price curbs from Ofwat

It is human nature to look for patterns. They are how people make sense of the world and it would be unusual if investors differed in this regard from anyone else.
The 'January effect' is a familiar pattern

Monday

Britain's biggest banks would have to raise tens of billions more pounds to achieve complete independence from state support, new research has shown.
Independence 'would cost banks billions', says OECD

Data from the Mortgage Bankers Association shows almost one in eleven US homeowners face repossession.
Growing number of US homeowners are at risk of losing their property

Greece is disturbingly close to a debt compound spiral. It is the first developed country on either side of the Atlantic to push unfunded welfare largesse to the limits of market tolerance.
Greece tests the limit of sovereign debt as it grinds towards slump

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In Asia today, the Nikkei was down 51.79 points at 9,497.68, while the Hang
Seng endced the morning session ahead 122.8 points at 22,578.64.

Crude oil traded at $78.27 a barrel on Nymex, while gold stood at $1,163 an ounce.

Happy Monday!

G.

HOIL Credit Suisse: reiterated outperform, tp raised to 669 from 663
INVP Citigroup: reiterated buy, tp raised to 530 from 450
SBRY JPMorgan: downgraded to neutral from overweight, tp cut to 350 from 380
SN. Deutsche: reiterated buy, tp 700
ULVR Goldman: neutral

Opening Market Overview

KEEP an EYE

GKP 110.50p

Masive find on the news today, spike earlier but is back down again, with support at 110p. Weaker order book on the bid side so far, but improving from earlier 35 more trades at offer side to 25 now

Intraday

End-of-day Market Overview