Morning all. Market reports:

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

The latest evidence is South Korea's third-quarter GDP, up 2.9pc on the second quarter ? an annual rate of 12pc. That indicates a vigorous recovery, and economic fundamentals support the case. With Korea, Singapore and Hong Kong all growing in recent quarters at double-digit annual rates, and China close to that level, the likelihood is for a continued Asian rebound.
Continued Asian rebound likely as growth hits double-digit annual rates

Bank lending to firms and households in the eurozone has fallen for the first time, raising fears of an economic relapse and a slide into deflation next year.
Deflation fears as Eurozone and US credit contracts

CBI's survey boosts hopes that the economy will finally return to growth in the fourth quarter, says Howard Archer.
Retail optimism on the rise, CBI says

Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night. The Lloyds and RBS sell-offs will follow over the next three to five years and will be supervised by UK Financial Investments, the government body set up to oversee taxpayers' investment in the banks.
Government to break up the banks

The recovery in America's housing market looks unsustainable, with certain parts of the country again entering "bubble territory", according to a respected US economist.
US housing recovery in 'bubble territory'

Another story is about GLD, a leading gold ETF, which publishes its bar-list every Friday at the close of business, reporting the serial number of every bar in inventory. The list is customarily well over a thousand pages long. But, lo and behold, on Friday, October 2, and on Friday, October 9, the bar-list shrank to a mere couple hundred pages, with no explanation offered.
GLDs mysterious disappearing gold-bar list

Britain's financial reporting regulator warns that one of the big four firms dominating the accountancy profession could exit audit work in a move that would cause chaos to businesses throughout the world.
Watchdog fears chaos if legal action drives out a top auditing firm

Michael Krimminger, special advisor for policy, office of chairman at FDIC and speaking at Information Management Networks 15th annual ABS East conference in Miami said that FDIC has acquired more that [sic] 100 failed banks and it is likely that they may seek to do a securitization.
The mother of all bank securitisations?

Goldman Sachs has defended the use of controversial techniques including 'dark pools,' short-selling and flash trading, in a firm rebuttal of recent negative Congressional and media comments about some of the trading practices it uses.
Goldman Sachs defends controversial trading practices

The City watchdog has launched a review of the entire ?35bn structured products market after uncovering failings that have cost retail savers tens of millions of pounds as a result of Lehman Brothers' collapse.
FSA to review structured products market after savers suffer Lehman-linked losses

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow added 14 points at 9,882, while the Nasdaq
Composite lost 26 points at 2,116 and the S&P500 slipped 4 points to 1,063.

In Asia today, the Nikkei was down 120.62 points at 10,091.84 and the Hang Seng
ended the morning off 368.64 points at 21,800.95.

Crude oil traded at $79.30 a barrel.

Happy trading!

G.

End-of-day Market Overview