Morning all. Market reports:

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

Fears that China could fall victim to a speculative bubble resurfaced on Tuesday as country's authorities ordered its banks to set aside more reserves in a precursor to a full-blown interest rate increase.
China heightens bubble fears as it tightens monetary policy

The United States and UK each released November trade figures on Tuesday. The US figures showed a bigger deficit than expected, the UK a smaller one. It may sound as though the UK is doing better, but the reality is different.
Trade shows why US can grow, and UK can't

A Bank of England policy maker has said that Threadneedle Street has done enough to lift Britain out of its deepest post-war slump and will need to consider raising interest rates this year if a recovering economy poses a threat to inflation.
Inflation lurks in wings as recovery gets going, warns MPC member

The ECB is pushing for overarching regulatory control, setting it on a collision course with the Financial Services Authority (FSA) in the UK. In a paper revealed on Tuesday, it outlined four new bodies it plans to establish to plug the gaps in supervision.
ECB wants access to banks' books

Its the last thing you need when youre trying to convince the market that youre fiscally sound and responsible - a European Commission report condemning you for deliberately falsifying data.
Greek tragedy

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

AAL Morgan Stanley: overweight, tp raised to 3084 from 2819
ANTO Morgan Stanley: underweight, tp raised to 923 from 679
AQP Morgan Stanley: underweight, tp raised to 421 from 317
BP. Morgan Stanley: overweight, tp raised to 695 from 550
CNE Deutsche: buy, tp raised to 435 from 377
DNX Deutsche: downgraded to hold from buy
ENRC Morgan Stanley: reiterated overweight, tp raised to 1138 from 1124
FQM Morgan Stanley: upgraded to overweight from equalweight
GKN Nomura: buy, tp raised to 145 from 140
JKX Deutsche: tp raised to 335 from 320
KAZ Morgan Stanley: overweight, tp raised to 1737 from 1466
LMI Morgan Stanley: underweight, tp 1737 from 1340
MKS Nomura: reiterated buy, tp reiterated 420
MRW HSBC: initiated overweight
PMO Deutsche: tp raised to 1400 from 1395
PSON UBS: reiterated buy
SBRY HSBC: initiated neutral
TLW Deutsche: buy, tp raised to 1465 from 1315
TPK Credit Suisse: upgraded to outperform from neutral
TSCO HSBC: initiated underweight
VED Morgan Stanley: reiterated overweight, tp raised to 3838 from 3168
WLF Goldman: downgraded to sell from neutral
XTA Morgan Stanley: overweight, tp 1457 from 1309

Twitter Updates
more >>

FTSE 100 movers: Commodities weigh on Footsie13-01-2010 14:56

Lower precious metals prices have hit shares in gold miner Randgold, silver group Fresnillo and platinum specialist Lonmin, while the weak oil price has Shell in the bottom 10.

Telecoms group BT climbs after being upgraded by RBS to buy from hold with its target price upped to 200p from 107p.

Elsewhere in broker coverage, Admiral is standing tall after Merrill Lynch lifted the car insurer's target price to 1,150p to 1,200p, pointing to growth prospects.

FTSE 100 - Risers
Schroders NV (SDRC) 1,065.00p +2.01%
Schroders (SDR) 1,331.00p +1.99%
Admiral Group (ADM) 1,158.00p +1.76%
BT Group (BT.A) 146.80p +1.73%
Rexam (REX) 286.00p +1.71%
Royal Bank of Scotland Group (RBS) 35.37p +1.70%
Petrofac Ltd (PFC) 1,000.00p +1.63%
Autonomy Corporation (AU.) 1,533.00p +1.32%
AstraZeneca (AZN) 2,957.50p +0.99%
British Sky Broadcasting Group (BSY) 567.50p +0.98%

FTSE 100 - Fallers
Randgold Resources (RRS) 5,040.00p -2.70%
ICAP (IAP) 429.20p -2.39%
Lonmin (LMI) 2,020.00p -2.37%
London Stock Exchange Group (LSE) 680.00p -2.30%
Royal Dutch Shell 'A' (RDSA) 1,857.50p -2.03%
Amec (AMEC) 777.00p -1.96%
Fresnillo (FRES) 792.50p -1.92%
Royal Dutch Shell 'B' (RDSB) 1,790.50p -1.84%
3i Group (III) 279.80p -1.65%
Xstrata (XTA) 1,165.50p -1.56%