Good morning traders!

In the US last night, the Dow added 77 points at 9,789, the Nasdaq gained 4
points at 2,049 and the S&P500 was up 7 points at 1,043.

In Asia today, the Nikkei was closed for a public holiday, while the Hang Seng
fell 154.28 points at 21,465.91.

Crude oil traded at $78.35 a barrel on Nymex.

Happy trading!

G.

Morning all. Market reports:

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

The Bank of England and its fellow central banks around the world are at growing risk of creating an immense asset bubble which could cause another future crisis, one of Britain's leading economists has warned.
Charles Goodhart warns banks are risking creating immense asset bubbles

Britains manufacturing sector expanded unexpectedly last month and at the fastest rate in two years as the weak pound made exports cheaper and imports more expensive, according to new data.
UK manufacturing boosts hope that Britain will come out of recession

Signs of economic recovery reverberated around the world on Monday as manufacturers reported rising output and improved employment prospects in the US, Europe and Asia.
Output points to global recovery

The Reserve Bank of Australia has raised the countrys official interest rates for the second time in a month, citing strong growth in China. Australias central bank raised interest rates by a widely-tipped 25 basis points to 3.5 per cent, another sign the countrys economic recovery is continuing.
Australia raises interest rates for second time in a month

Russia has warned the European Union that a new gas conflict is brewing with Ukraine, reviving memories of a previous dispute that led to fuel shortages across a swath of Central and Western Europe.
Putin warns Europe about winter gas supply amid more rows with Ukraine

$100bn - thats the daily figure for trading volume in the retail foreign exchange market, where amateur plungers play the dollar and the like.
The $100bn FX hustle

Red is the Chinese colour of good fortune which explains why 65-year-old Xiao Ming has a broad grin fixed upon his face as he stares up at the sea of red numbers in one of Beijings biggest public share-trading houses.
China's ChiNext stock market is the great red hope for small companies

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Japan is closed today.

* JP Morgan European equity strategy: upgrades energy to overweight rating
* JP Morgan European equity strategy: cuts chemicals, retail to neutral from overweight
* JP Morgan European equity strategy: cuts autos and durables to neutral from overweight

ABF Panmure: reiterated buy, tp raised to 910 from 810
EMG UBS: upgraded to neutral from sell, tp raised to 320 from 310
FCAM Jeffries: upgraded to buy from hold, tp raised to 90 from 74
FCAM Singer: tp raised to 95 from 85
FRES Numis: initiated buy, tp 915
HMSO Evolution: buy, tp 450
LGEN ING: reiterated sell

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