Morning all. Market reports:

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

The exact effect of the Bank of England's multi-billion pound scheme of quantitative easing (QE) will probably never be known Charlie Bean, the Deputy Governor, admitted today.
Bank will 'never know' true impact of money scheme

It has become something of a parlour game in the City and in business circles: try to explain how quantitative easing (QE) works in as few words as possible.
Will goodbye QE mean hello to the gutting of gilts?

"There are still problems out there," said Mr Posen, who joined the MPC on September 1. "It is possible that you have another bank system-based problem in the US."
MPC's Adam Posen warns there are more nasty surprises to come for US banking system

Inflation fell more sharply than expected in September, hitting a five-year low of 1.1pc, on lower utility and food bills.
Inflation sinks to five-year low on lower utility and food bills

Gold prices hit a fresh all-time high today as the dollar continued to lose ground against other major currencies. The gold spot price climbed to $1068.3 an ounce, up from around $1055 overnight. Other precious metal prices also rose, with silver hitting a 15-month high of $18.01 an ounce.
Gold price hits fresh high

Weve noted the level of state intervention currently impacting FX markets. But Barcaps Steven Englander puts it all rather succinctly in his latest note. For the BarCap man, it is down to a battle between public and private interests.
Public versus private FX forces

if there is one currency left in the world against which the US$ is strong and may get stronger it is the British Pound Sterling. Not wishing to be too harsh, Sterling has no friends these days as it weakens vs. the US dollar, vs. all of its Commonwealth members and vs. the EUR and even the Yen. The government there is foundering.
Special FX moves

Its pretty much the done thing these days to question the fundamentals of the Spanish banking system, but ? and it surprises us to say this ? Moodys has been ahead of many (though not the FT) in warning about the pain in Spain.
Moodys still negative on Spanish banks

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow ended down 15 points at 9,871, while the Nasdaq
added a point at 2,140 and the S&P500 lost 3 points at 1,073.

In Asia tday, the Nikkei was down 30.92 points at 10,045.64, while the Hang Seng
ended the morning up 292.93 points at 21,760.29.

Happy trading!

G.

Intel beat after the US close, JP Morgan later today. BLND, SN. and TSCO ex-dividend. Surprise surge in China metal imports. Rio reports strong iron ore demand - all markets - ahead of expectations say Macquarie. Big note out from MS on European metal companies - tp rises across the board. Citigroup raises targets except for KAZ.

AAL Citigroup: tp raised to 2400 from 2200
AAL Morgan Stanley: tp raised to 2345 from 2117
ANTO Citigroup: tp raised to 850 from 600
ANTO Morgan Stanley: tp raised to 679 from 641
AQP Morgan Stanley: tp raised to 317 from 291
BRBY Shore: buy
CZA Morgan Stanley: tp raised to 171 from 150
ENRC Citigroup: tp raised to 1100 from 1030
ENRC Morgan Stanley: tp raised to 1112 from 1020
FQM Citigroup: tp raised to 4400 from 4300
FQM Morgan Stanley: tp raised to 4403 from 4014
FXPO Citigroup: tp raised to 180 from 140
HFD HSBC: upgraded to overweight from neutral, tp raised to 475 from 390
ITV Jeffries: upgraded to hold from underperform, tp raised to 50 from 36
ITV Nomura: upgraded to neutral from reduce, tp raised to 55 from 40
KAZ Citigroup: tp cut to 1270 from 1300
KAZ Morgan Stanley: tp raised to 1466 from 1380
LMI Morgan Stanley: tp raised to 1340 from 1071
NWR Citigroup: tp raised to 650 from 300
VED Citigroup: tp raised to 2300 from 1460
XTA Citigroup: tp raised to 1100 from 1000
XTA Morgan Stanley: tp raised to 1309 from 1197

OIL prices

are on the rise this morning
-------------------------- 2 month ------------------------------------ 1 year ------------------------------

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Opening Market Overview

One for the "UPS"

JPR 34.875p ( 34.75 / 35p )

Reason : Had a large and long retracement and now ready for better things MA is turning positive as the support was touched at 34p. There is an improving trend in national and regional press advertising. Singer Capital Markets has a Buy recently, Target Price 47p). Company news yesterday will issue an interim management statement on 11 November 09

Intraday

3 month Candlestick

6 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 5 days

IFL 49.25 - 49.75p +1.25

Is a "keep and eye" share on the list
Turning from the lows lately, stronger order book ( DEPTH ) on the bid side

End-of-day Market Overview