Morning all. Market reports:

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

Barack Obamas $787 billion economic stimulus kept up to two million people in jobs, saving the US from a second Great Depression, the President said in a speech marking the first anniversary of his stimulus package.
Obama says US economy is over worst of crisis

Simply put, according to Duncan, the breakdown of the gold standard allowed too much paper-money to be created in the US. This de facto funded the US deficit, which respectively fuelled a savings glut in Asia. That inevitably drove dollar inflows back into the US - which themselves, over the course of a four-decade period, fueled a global credit bubble of simply gargantuan proportion.
The US is not a viable concern anymore - Duncan

Bank lending in the US has contracted so far this year at the fastest rate in recorded history, raising concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.
US bank lending falls at fastest rate in history

Britain's exposure to the financial turmoil sweeping through southern European economies could be far greater than previously thought, according to data seen by the Guardian.
Pain in Spain could fall on British companies

George Soros doubled his investment in the world's largest gold fund - just weeks before claiming investing in the precious metal is now the "ultimate bubble".
George Soros buys gold despite dubbing it 'ultimate bubble'

Metal on warrant represents inventories in store at the LMEs warehouse. But cancelled warrants represent metal earmarked for delivery - investors cancel their warrants because they want to take it out of the LME warehouse, as Chris Flood, one of the FTs commodity correspondents, explained. So a rise in cancelled warrants suggests more demand for the underlying physical commodity and deliveries thereof.
LME cancelled warrants are rising fast

BP was facing fresh troubles in Russia yesterday after the Government moved closer to stripping TNK-BP, its Moscow subsidiary, of one of the countrys biggest gasfields. Officials from RosPrirodNadzor, Russias environmental agency, recommended yesterday that a licence held by TNK-BP for the Kovytka field in Eastern Siberia be revoked.
Trouble on the Russian front as BP offshoot faces loss of big gasfield

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

Good morning traders!

In the US last night, the Dow gained 40 points at 10,309, the Nasdaq was up 12
points at 2,226 and the S&P500 added 5 points at 1,100.

In Asia today, the Nikkei was little changed at 10,306.25, while the Hang Seng
ended the morning off 12.12 points at 20,521.89.

Crude oil traded at $76.97 on Nymex.

Gold settled at $1,102 an ounce.

Happy trading!

G.

Opening Market Overview

From the "UPS" thread a bit earlier..........
Master RSI - 18 Feb'10 - 10:51 - 165 of 169
KEEP an EYE
CMS 14 / 14.50p

Good volume picking up today as "AT"s, results next Thursday expected EPS of 2.56p, already 1.22p at Interim meaning well undervalued with high yeld

End-of-day Market Overview