Hello traders!

In the US tonight the Dow Jones Industrial Average added 57.14 points at 8,504,
the S&P500 gained 4.01 points at 923.33 and the Nasdaq Composite rose 10.68
points to 1,845.7.

See you in the morning with the latest........

G.

Good morning traders!

In Asia today, the Nikkei was down 22.72 points at 9,917.21, while the Hang
Seng ended the morning up 176.91 points at 18,555.64.

Crude oil traded at $69.12 a barrel on Nymex.

Happy trading!

G.

Morning all. Market reports:

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

The global downturn appeared close to a bottom on Wednesday after manufacturing figures from across the world suggested that recession in all big economies was receding.
Data give signs of global recovery

Richard Lambert, the director general of the CBI, said on Wednesday that the British economy was undergoing a massive course of steroids but it was not clear yet where sustainable growth would come from once the medication has worn off.
Recovery may not be sustainable, CBI warns

Arnold Schwarzenegger, the governor of California, has formally declared a fiscal emergency in the state and called state legislators back into a special session to close a budget deficit expected to reach $24bn over the next two years.
Arnold Schwarzenegger declares fiscal emergency in California

China has asked for world leaders meeting in Italy at next weeks G8 summit to debate proposals for a new global reserve currency, according to reports.
China tables debate on replacing dollar

Russian banks may need to raise $60bn (36bn) in fresh capital if the recession drags on and energy prices wilt again, according to a report by Fitch Ratings.
Fitch's warning over Russian bank loans

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

AAL Citigroup: reiterated hold, tp reiterated 1700
AAL Morgan Stanley: reiterated equalweight, tp raised to 2117 from 1315
AFR Jeffries: downgraded to hold from buy, tp reiterated 53
AGS Cazenove: downgraded to in-line from outperform
ANTO Morgan Stanley: tp raised to 641 from 507
AQP Morgan Stanley: reiterated underweight, tp raised to 291 from 190
ARM Citigroup: initiated buy, tp 145
BBY Morgan Stanley: upgraded to overweight from equalweight, tp reiterated 390
BP. NCB: reiterated accumulate, tp reiterated 560
CSR Citigroup: initiated buy, tp 450
CWK KBC: reiterated buy, tp 700
ENRC Morgan Stanley: reiterated overweight, tp raised to 816 from 580
GMG Altium: reiterated buy
GMG Numis: reiterated buy, tp cut to 235 from 260
GMG Singer: reiterated sell, tp reiterated 155
GNK Investec: upgraded to hold from sell, tp raised to 430 from 360
HTG RBS: downgraded to hold from add
IMG Seymour: upgraded to hold from sell, tp reiterated 127
KAZ Morgan Stanley: upgraded to equalweight from underweight, tp reiterated 833
LMI Morgan Stanley: reiterated overweight, tp raised to 1071 from 635
MKS Citigroup: reiterated hold
MKS ING: reiterated sell, tp raised to 280 from 250
MKS JPMorgan: reiterated overweight, tp raised to 365 from 350
MKS UBS: reiterated neutral, tp raised to 325 from 300
NOP Jeffries: initiated buy, tp 153
NWR Morgan Stanley: tp raised to 290 from 275
PFC BofA: reiterated neutral, tp raised to 700 from 555
RB. Citigroup: reiterated buy, tp raised to 3100 from 2950
RIO FinnCap: reiterated buy
RPT Merrill: upgraded to buy from neutral
SAB Citigroup: reiterated hold, tp reiterated 1240
SN. JPMorgan: reiterated neutral, tp cut to 530 from 580
SSE Citigroup: reiterated buy, tp reiterated 1380
STAN Macquarie: reiterated outperform
STAN UBS: upgraded to neutral from sell, tp raised to 1140 from 1000
TCY JPMorgan: initiated neutral
VED Morgan Stanley: reiterated equalweight, tp raised to 2312 from 710
VPP Seymour: upgraded to buy from outperform, tp 467
WLF Citigroup: reiterated hold, tp cut to 115 from 125
WPP Citigroup: downgraded to sell from hold, tp cut to 340 from 440
WSM BofA: reiterated buy, tp raised to 700 from 630
XTA Morgan Stanley: reiterated overweight, tp raised to 1160 from 855

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