Morning all. Market reports:

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

Fitch Ratings has delivered a serious blow to the credibility of the Government's budget plans, warning that Britain risks a loss of investor confidence and erosion of its AAA rating unless it maps out clear austerity measures.
Fitch warns Britain and questions Greek rescue as sovereign risks grow

The economy suffered a major setback yesterday after a fresh warning on the deficit, a weaker pound, and the sharpest fall in exports in more than three years heightened fears that Britain is in store for a double-dip recession.
Renewed fears over Britain's recovery

Britain is facing a second credit crunch as banks shrink their loan books to avoid a funding crisis, a leading analyst has warned. Jonathan Pierce, from Credit Suisse, believes UK banks will have to reduce the size of their balance sheets by as much as ￡530bn over the next three to four years to meet new regulations.
New credit crunch risk as banks face funding crisis

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX
NYMEX CRUDE	GOLD	VIX

Good morning traders!

In the US last night, the Dow added 12 points at 10,564, the Nasdaq gained 8 points
at 2,341 and the S&P500 was 2 points better at 1,140.

In Asia today, the Nikkei was up 4.15 points at 10,571.8, while the Hang Seng
ended the morning ahead 7.95 points at 21,215.5.

Crude oil traded at $81.21 a barrel on Nymex.

Happy trading!

G.

Early broker recs:

ANTO Citigroup: reiterated buy, tp reiterated 1075
ANTO Raymond: reiterated outperform, tp reiterated 1300
AV. Citigroup: reiterated hold, tp cut to 421 from 439
BARC Shore: reiterated buy, tp reiterated 346
DCG UBS: reiterated neutral, tp cut to 385 from 405
DGE Bernstein: outperform, tp raised to 1350 from 1320
EMG Credit Suisse [HB]: reiterated neutral, tp cut to 265 from 300
GPOR JPMorgan: reiterated overweight, tp raised to 350 from 320
HAS Evolution: buy, tp 170
ISAT Nomura: reiterated buy, tp 875
KAZ Credit Suisse: reiterated outperform, tp raised to 1900
LAND JPMorgan: reiterated neutral, tp raised to 765 from 700
LII Goldman: reiterated sell, tp cut to 435 from 452
LII JPMorgan: reiterated underweight, tp raised to 510 from 455
MNDI Merrill: upgraded to buy from neutral
NWR Goldman [HB]: reiterated neutral, tp raised to 720 from 570
PFC RBS: upgraded to buy from hold, tp raised to 1230 from 1025
PFC UBS: reiterated buy, tp raised to 1250 from 1100
REL SNS: downgraded to hold from accumulate
SAB Bernstein: outperform, tp raised to 2400 from 2250
SHB JPMorgan: reiterated neutral, tp raised to 435 from 410
SL. Shore: reiterated hold
STHR HSBC: downgraded to neutral from overweight
TPK ING: upgraded to buy from hold
TW. Morgan Stanley: reiterated overweight, tp 57
WOS ING: upgraded to hold from sell

Midday Market Overview

FUN OF THE DAY

As you age, better health means better sex

March 9, 2010 -- Better health translates into better sex lives, with healthy
people more likely to engage in sex (and good sex at that) and to express
an interest in sex, new research finds.

This association held firm into middle-age and later life as well, according
to the study by University of Chicago researchers.

The authors of the study, published in the March 10 issue of BMJ, also
created a novel measure called "sexually active life expectancy."
According to this new measure, men aged 55 could expect another
15 years of sex while women of the same age could expect 10.6 more
active years.

Overall, however, more men reported a satisfying sex life than women,
a chasm that widened as people aged.

The findings shine light on a little discussed topic. ..........
http://english.sina.com/life/2010/0310/308018.html

End-of-day Market Overview