Morning all. Market reports:

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

US President Barack Obama has told the heads of America's biggest banks that they must kick-start lending in order to revive the nation's economy.
Obama's stark warning to Wall Street

If there is one thing we can be sure of as we approach the end of the noughties, it is that government bonds, having hugely outperformed equities over the past 10 years, most definitely won't be doing the same again over the next 10.
Bond price crash is the surest bet in town

French President Nicolas Sarkozy has outlined a 35bn (31.6bn) "grand loan" France will take out to invest in universities and fields such as renewable energy and the digital economy.
Sarkozy reveals 'grand loan' to secure France's future

Austria has nationalised the Carinthian lender Hypo Group after it ran into trouble on hidden losses in Eastern Europe, offering a stark reminder that Europe's banks are not yet out of the woods.
ECB orders Austria to nationalise Hypo bank, fearing domino crisis

Standard & Poors, following in the footsteps of rival rating agency Fitch, on Monday downgraded Mexicos sovereign rating, but left its outlook for the country at stable. S&P cut the foreign-currency sovereign credit rating on Mexico to BBB/A-3′ from BBB+/A-2′ and the local-currency rating to A/A-1′ from A+/A-1′.
S&P downgrades Mexico

The seemingly inexhaustible demand for property meant that house prices continued to rise last month, despite a fresh supply of stock coming on to the housing market.
House prices continue rise, defying expectations

London faces falling into third place behind New York and Shanghai in the rankings of global financial centres as rising regulation in the Square Mile strangles growth, according to a new study.
Shanghai competes for London's status as financial centre

Mark Fitzpatrick, senior fellow for non-proliferation at the International Institute for Strategic Studies in London, said: The most shattering conclusion is that, if this was an effort that began in 2007, it could be a casus belli. If Iran is working on weapons, it means there is no diplomatic solution.
Secret document exposes Irans nuclear trigger

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

SENSEX

Good morning traders!

In the US last night, the Dow added 30 points at 10,501, the Nasdaq gained 22
points at 2,212 and the S&P500 was 8 points higher at 1,114.

In Asia today, the Nikkei was down 11.92 points at 10,093.76, while the Hang
Seng ended the morning off 162.31 points at 21,923.44.

Crude oil traded at $69.75 a barrel on Nymex.

Happy trading!

G.

End-of-day Market Overview