Morning all. Market reports:

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

The World Bank has given warning that global economy will fall into a "deflationary spiral" unless urgent action is taken to reduce high levels of excess capacity in industry.
World Bank warns of deflation spiral

China's growth rate shot up in the second quarter on the back of a surge in state spending and bank lending, boosting hopes the biggest emerging economy will lead the way out of the worst global downturn since the 1930s.
China's growth quickens, lifts recovery hopes

Chinas GDP figures might show that the worlds third-largest economy is coming out of its funk. But few economists will take Thursdays report at face value. While their caution is wise, the Middle Kingdom probably is recovering tentatively.
Chinese GDP a case of 'fake it til you make it'

Beijings foreign reserve holdings have surged through the $2,000 billion mark, as money pours back into China to take advantage of faster economic growth and rapidly inflating asset prices.
Chinas forex reserves pass $2,000bn

The US mid-market lender CIT faced the prospect of a bankruptcy filing as hopes of a government-led rescue plan were dashed.
CIT faces bankruptcy filing

Unemployment in Britain is at the highest level since Labour came to power, official figures showed yesterday, and economists warned worse is yet to come
Record UK unemployment figures will get worse, warn economists

Conspiracy theories abound as to how Goldman Sachs has spun record profits from global turmoil.
Just how did Goldman Sachs manage that?

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE