Morning all. Market reports:

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

Britain's financial sector is not equipped to support recovery when it comes and could trigger a double-dip recession if not fixed, the newest recruit to the Bank of England's Monetary Policy Committee (MPC) warned yesterday.
UK financial system 'not able to support recovery'

The pace of China's economic growth should speed up this quarter but the Government will keep its fiscal stimulus and loose monetary policy in place officials said.
China's Vice Premier Li Keqiang says country's economic growth will speed up

Opec, the oil producers cartel, has said that it may increase oil production this year if prices continue to rise. Jos? Botelho de Vasconcelos, the Angolan Oil Minister who is the present president of Opec, said that oil prices of between $75 and $80 per barrel were at an optimum level for both consumers and producers.
Opec signals rise in oil output as global price rallies

The junk bond market, or bonds issued by the lowest-rated companies, is booming in a sign that appetite for risk is back in the financial sector. Junk-rated European companies, such as Virgin Media and ITV, have issued bonds worth a combined 20bn (?18bn) so far this year, up from the 7.5bn (?7bn) issued in the whole of 2008, according to Fitch ratings agency.
Junk bonds on the rise as issue hits 20bn high in Europe

By which we mean the folding stuff (and coins) issued in 137 countries. Compound annual growth in the real money supply since 1971 is 9.09 per cent, according to Dollardaze.org, where Mike Hewitt has been crunching the numbers:
The real money supply, globally

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow lost 104 points at 9,868, while the Nasdaq Composite
dropped 13 points at 2,142 and the S&P500 fell 13 points to 1,067.

In Asia today, the Nikkei dropped 147.16 points at 10,215.46, while the Hang Seng
ended the morning off 330.21 points at 22,259.52.

Crude oil traded at $78.71 a barrel on Nymex.

Happy trading!

G.

BP. ING: buy, tp 635
CBG UBS: upgraded to buy from neutral, tp 840
DEB BarCap: initiated overweight
ETI HSBC: initiated overweight
GKN UBS: reiterated buy, tp raised to 140 from 135
GNK HSBC: initiated overweight
HOME BarCap: initiated overweight
KGF BarCap: initiated equalweight
MAB HSBC: initiated overweight
MARS HSBC: initiated overweight
MKS BarCap: initiated underweight
NXT BarCap: initiated underweight
PIC Singer: initiated buy, tp 270
PON Singer: downgraded to fair value from buy, tp cut to 100 from 120
PUB HSBC: initiated overweight

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have i missed something with regards to RBS? they are getting caned this morning.

End-of-day Market Overview