Morning all. Market reports:
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
The world's fund managers have begun to glimpse the first green shoots of recovery and are betting that a powerful rebound in China will revive demand for commodities and lead global industry out of slump.
Global investors see Chinese green shoots
Europe's institutions are scrambling for ways to prevent financial contagion from Ukraine and the rest of Eastern Europe from setting off a full-blown banking crisis in Austria, with risks of systemic contagion across the eurozone.
EU mulls action as Ukraine crumble triggers contagion fears for Europe
Fears that a contagious currency sell-off could rip through faltering Eastern European economies prompted Brussels to tell finance ministers and central bankers from the region yesterday to end loose talk that could inflame a crisis of confidence in its prospects
EU warns Eastern Europeans against careless talk as their currencies drag down euro
After building quietly for months, the next stage of the global financial crisis is upon us, with the economies of Eastern Europe the latest to be hit. Hungary's stock market fell by 7 per cent yesterday and its Czech equivalent by nearly 4 per cent - while Poland, earlier down by almost six 6 per cent, rallied only once Warsaw had sold some of its euros on foreign exchange markets to prop up the zloty.
Eastern European crisis may put us all in the goulash
Robert Zoellick, World Bank president, has urged the EU to lead co-ordinated global support for the economies of central and eastern Europe, even as divisions emerge in the EU over handling the crisis.
Zoellick urges EU on eastern Europe
President Obama was hit with another wave of grim financial news yesterday, amid signs that his Administration is in danger of being overwhelmed by the scale of the economic crisis.
Rising debt may overwhelm Barack Obama's effort to rescue the economy
The Federal Reserve, the US central bank, moved a significant step closer to setting a formal inflation target yesterday, saying that it expected the cost of living to rise at between 1.7 per cent and 2 per cent over the long term.
US Federal Reserve moves a step closer to formal inflation target
A fresh stimulus to the economy through tax cuts or spending on public works projects could come in the April Budget, a government document released by Gordon Brown hinted yesterday.
Gordon Brown hints at fresh tax cuts in the Budget
A worldwide crackdown on tax havens, from Switzerland to the Cayman Islands, will be spearheaded by Gordon Brown as the world's richest nations use the global economic downturn to close loopholes that are costing them hundreds of billions in lost revenues.
Brown targets Switzerland in global tax haven crackdown