Morning all. Market reports:

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

The Bank of Japan (BoJ) has abruptly reversed plans to phase out quantitative easing (QE), agreeing at an emergency meeting to inject a further $115bn (70bn) into the financial system to cut borrowing costs and stem deepening deflation.
Japan steps up quantitative easing to fight deflation

The Gulfs ability to raise loans and operate as a financial centre could be threatened by the fallout from Dubai Worlds debt crisis. Bankers said that in the past loans had been arranged on a nod and a wink because it was assumed that state-owned companies would be backed by their governments.
Sovereign guarantee is now meaningless

The Chancellor needs to find an additional 15bn over the medium term if he is to meet government borrowing targets set out in the Budget, a respected group of economists has warned.
Chancellor needs an extra 15bn, ITEM says

Worrying signs that economic recovery may prove even more fragile than inititally feared - with the real possibility of a "double dip" recession - emerged with the release yesterday of the latest survey of business confidence in the manufacturing industry.
New fears of 'double dip' recession

Adam Posen, an independent member of the Monetary Policy Committee (MPC), proposes that taxes on residential property, such as capital gains tax and stamp duty, should be increased in line with house price inflation to stave off future bubbles.
Amid rising debts, rising prices and rising rents, a radical remedy to boom and bust

Chelsea Building Society has struck a deal with bondholders to ensure its rescue takeover by rival mutual Yorkshire does not come unstuck.
Bondholder deal to clinch Yorkshire and Chelsea tie-up

Whereas it could be said that commodity experts were the most sought after traders just a few years back, a new industry trend is definitely emerging. Behold the industry grab for exchange-traded-fund traders.
ETF traders, the new hot financial commodity?

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow rose 127 points at 10,472, the Nasdaq added 31
points at 2,176 and the S&P500 gained 13 points at 1,109.

In Asia today, the Nikkei was up 8.49 points at 9,580.69, while the Hang Seng
ended the morning ahead 283.12 points at 22,396.27.

Crude oil traded at $78.40 a barrel on Nymex.

Gold settled at $1,213 an ounce.

Happy trading!

G.

Opening Market Overview

From the "UPS" ...........

FDI 29.875p (29.75 / 30p)

Reason :UP today with volume on a very tight spread and well oversold on the Indicators. Recovery in the Diamond Market has key interests in South Africa with certain zones already demonstrating large potential.

Intraday

3 month ,RSI, S Stochastic,MACD and 50 days MA

Charts - 2 days

Another one from the "UPS" a bit earlier ........

JPR 27.50p (27.25 / 27/75p)

Reason : Bouncing from lows since yesterday with volume. There is an improving trend in national and regional press advertising. Singer Capital Markets had a Buy 2 month back with target 47p. Good MA and just another push today comes out downtrend of last 3 month.

Intraday

3 month

Charts - 2 days

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

End-of-day Market Overview