One for the "UPS"

YELL 41.83p (41.74 / 41.92p)

Reason : Today was the last day of acceptance of the placing @ 42p and as usual the closing price was the lowest since the shares went X-placing 10 November. Shares sould be bouncing from this lows on news of high % of acceptance tomorrow

Intraday
2 month Candlestick with volume

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

Charts - 2 days

Morning all. Market reports:

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

China has stepped up efforts to halt the explosive growth in credit, ordering the country's five top banks to raise capital over coming weeks or face lending sanctions.
Chinese credit tightening chills Asian markets

The Bank of England secretly lent 61.6bn to Royal Bank of Scotland and HBOS at the height of the financial crisis to prevent their immediate implosion, it said on Tuesday.
Bank of England tells of secret 62bn loan to save RBS and HBOS

In a recent note Variant Perception - the boutique research firm that brought us the now infamous "Are Spanish banks hiding their losses" report - sets out the tracker-mortgage risk in pretty glaring detail. The risk posed by tracker mortgages, by the way, are just one of a multitude of scary factors Variant see as potentially contributing to an overall emerging economy-style currency and debt crisis.
The upcoming UK tracker time-bomb

The accounting measures used to value insurers are leading to an "under-valuation" of companies across the sector, according to industry analysts.
Analysts call for clarity on insurance over fears of 'under-valuation'

Oh dear. Just four months months after its widely criticised flip-flop on CMBS ratings, Standard & Poors has managed to tie itself into a fresh series of knots. The rating agency is now backpedalling on its assessment of UBS. Specifically, the Swiss bank complained on Tuesday that S&Ps hot-off-the-presses proprietary ranking of banks by capital adequacy - which placed UBS near the bottom of the list - was totally unfair.
S&P reverses on its UBS is below average bank capital model claim

In an exclusive extract from his new book, John Cassidy explains why the huge salaries of Wall Street bosses created a culture that helped trigger the financial crisis.
What was really behind last year's market crash?

Testosterone-fuelled traders who take big risks are less successful in the long term than prudent dealers, according to researchers at Cambridge University.
Prudent traders more successful than risk takers, say Cambridge academics

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow lost 17 points at 10,434, the Nasdaq fell 7 points at
2,169 and the S&P500 fell a point to 1,106.

In Asia today, the Nikkei was up 26.7 points at 9,428.28, while the Hang Seng
ended the morning down 41.23 points at 22,381.91.

Crude oil traded at $75.95 a barrel on Nymex.

Happy trading!

G.

AQP Citigroup: reiterated buy, tp raised to 445 from 360
BOY Nomura: reiterated reduce, tp raised to 150 from 105
CPG Charles Stanley: buy, tp 440
KGF Deutsche: buy, tp raised to 300
KGF Nomura: reiterated neutral, tp raised to 300 from 220
PFC Credit Suisse: upgraded to outperform from neutral
RDSB Merrill: reiterated buy, tp 2155
TSCO Citigroup: reiterated sell, tp reiterated 360
WSM Credit Suisse: upgraded to outperform from neutral

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