Morning all. Market reports:

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The Guardian
The Independent
This is Money

The dollar plunged to a 15-month low yesterday after investors seized on positive elements in a series of economic statistics to show that Americas economic recovery continues apace.
Dollar tumbles as speculators sell the greenback for more lucrative returns

UK banks will be more than 2bn richer as a result of the Supreme Court's surprise ruling that their overdraft charges are not unfair.
Overdraft ruling saves banks 2bn

Sir David Walker, a former chairman of Morgan Stanley and director of the Bank of England, said his reform plans - to be published today - could prevent a repeat of the financial crisis that has shaken the world's financial system by forcing directors of banks to work properly. He said they must be capable of challenging power-hungry chief executives and preventing them from leading their banks to ruin.
Walker warns banks: Back me or face nationalisation

All is not well in Dubai, once a gleaming advertisement for the global economic boom. Dubai World, the state-owned conglomerate that includes the property developer Nakheel (responsible for the Palm Jumeirah) and DP World (the buyer of P&O's ports business), wants creditors to give it a six-month standstill on its $4bn of debt. Yesterday's announcement of that request sent much of the Middle East into a panic, with the cost of insuring against Dubai defaulting on its debts rising by a third almost immediately.
Dubai slides further into financial crisis

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow ended up 31 points at 10,464, the Nasdaq added 7
points at 2,176 and the S&P500 gained 5 points at 1,111.

In Aisa today, the Nikkei was down 49.49 points at 9,392.15, while the Hang Seng
ended the morning off 242.19 points at 22,369.61.

Crude oil traded at $77.57 a barrel on Nymex.

Gold settled at $1,192 an ounce.

Happy trading!

G.

AV. Citigroup: hold, tp raised to 439 from 350
BT.A BarCap: reiterated overweight, tp raised to 177 from 169
CPG BarCap: overweight, tp raised to 490 from 415
DSGI Seymour: reiterated buy, tp reiterated 40
ITRK BarCap: downgraded to equalweight from overweight, tp cut to 1320 from 1440
JMAT Credit Suisse: downgraded to neutral from outperform, tp cut to 1580 from 1640
LGEN Citigroup: downgraded to sell from hold
PRU Citigroup: upgraded to buy from hold
QQ. Citigroup: downgraded to hold from buy, tp cut to 170 from 175
RSL Citigroup: initiated buy
SL. Citigroup: hold, tp raised to 225 from 210
TPK ING: initiated sell, tp 682
ULVR Theodoor Giliss: upgraded to hold from sell
WOS ING: initiated sell, tp 1094

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Market Overview

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KGP 91 / 91.75p +3.25p

LSE was back in business and the steady opening today and the much stronger bid side on the order book, looks for a bounce from here

End-of-day Market Overview