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This is Money
Germany and France have become the first of the major G7 powers to emerge from the Great Recession of 2008-2009, surprising markets with growth of 0.3pc in the second quarter.
France and Germany lead the West out of recession
How quickly sentiment changes. All that doom and gloom was so Q1. Markets are rallying and big names have been queueing up to tell us that Western economies have bottomed out. So we should not be too surprised by the latest European Senior Credit Investor Survey from Fitch, published on Thursday. As early as June credit investors seemed to broadly agree that, in terms of disruption, markets were past their worst.
For credit investors at least, the worst is over
From copper to oil, wheat and corn, commodities are booming. With a rally expected to continue over the next few months, this gold rush is leaving even a reviving stockmarket in dust.
Commodity prices surge as demand recovers
Food manufacturers have warned that sweet-toothed Americans could be left bereft of sugar unless the Obama administration loosens import restrictions as the price soars to a 28-year high.
Record prices 'will leave America with no sugar'
Warren Buffett's Berkshire Hathaway underestimated how plunging share prices would hit its investments in derivatives, the legendary stockpicker's conglomerate admitted in letters to the Securities and Exchange Commission (SEC).
Buffett's Berkshire messed-up on derivative risks
Peter Cruddas, the City of London's richest man, has returned to day-to-day management of CMC Markets as he prepares to float his financial trading business possibly in 18 month's time.
Peter Cruddas prepares for CMC flotation