Morning all. Market reports:

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

Recovery in the United States and other leading economies should herald a return to growth by the end of this year or early in 2010, Tim Geithner, the US Treasury Secretary said today.
US economy 'may return to growth this year'

Britain's economy has probably hit bottom but the road to recovery will be a long haul, Bank of England Deputy Governor Charles Bean said on Monday.
UK economy has probably hit bottom, says BoE's Charles Bean

The number of agents expecting house prices to increase in the coming months outnumber those predicting further falls for the first time since May 2007, according to figures published today by the Royal Institution of Chartered Surveyors (RICS).
Homes shortage set to push up property prices

British advertising spending continued to decline at "severe" rate in the three months to the end of June, raising fears that marketing spend in 2009 could fall even more than it did last year.
Advertising spending declines at 'severe' rate

Gold-bug academic extraordinaire Antal Fekete is worried about the world economy. "Permanent gold backwardation (negative gold basis) is staring us in the face. The gold basis is trying to tell you something. It heralds the greatest monetary crisis of all times. It warns about the possible collapse of the international monetary and payments system."
Dear Paul, the greatest monetary crisis of all times is coming

After years of wrangling, Europe and Turkey have agreed to launch the "Nabucco" pipeline to tap into the vast gas reserves of Central Asia and break Russia's stranglehold on energy supplies to the West.
Europe launches Nabucco gas pipeline to escape Russian bondage

Its not easy to say no to the Chinese government unless youre a bond investor. The countrys ministry of finance has suffered three weak short-term bond auctions in a week. In each case, buyers failed to take up the full amount of paper on offer.
China and markets play inflationary chicken

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

AZN UBS: reiterated buy, tp raised to 3350 from 3100
BOY HSBC: upgraded to neutral from underweight, tp reiterated 107
BVIC JPMorgan: reiterated neutral, tp raised to 345 from 300
DNLM JPMorgan: reiterated neutral, tp raised to 230 from 205
DNLM UBS: upgraded to buy from neutral
ULVR JPMorgan: upgraded to overweight from neutral, tp raised to 2000 from 1550
VOD Morgan Stanley: reiterated overweight, tp cut to 170 from 175
VOD UBS: downgraded to neutral from buy, tp cut to 115 from 150

Twitter Updates
more >>

BREAKOUT

INCH 21.25 - 21.75p +1.25p

The breakout is happening today