Morning all. Market reports:

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

The outlook on the United Kingdom remains negative, based on our view that, in the absence of a strong fiscal consolidation plan, the U.K.s net general government debt burden may approach a level incompatible with a AAA rating.
S&P still negative on the outlook for the UKs triple-A rating

Bank lending to business and home buyers remains critically weak, according to the latest data from the Bank of England, endangering the revival in the housing market and the wider economic recovery.
Weak bank lending threatens recovery and housing market

China's demand for gold in areas such as jewellery lags behind other countries, while its central bank holds less gold than other states as a percentage of total reserves, the WGC said. The report also predicted that China's gold mines would not keep pace with demand and could even be exhausted within six years.
China's demand for gold 'will double'

The USs leading financial regulator is quizzing major Wall Street banks and insurance firms to ensure that they are not using the secretive off-balance sheet techniques which in part led to the downfall of Lehman Brothers.
SEC quizzes US banks over accounting practices

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE

KOSPI	SENSEX	NYMEX CRUDE	GOLD

Good morning traders!

In the US last night, the Dow added 46 points at 10,896, the Nasdaq was up 9 points
at 2,404 and the S&P500 rose 7 points at 1,173.

In Asia today, the Nikke was up 77.62 points at 11,064.09, while the Hang Seng
ended the morning ahead 127.85 points at 21,365.28.

Crude oil traded at $82.17 on Nymex.

Happy trading!

G.

Early broker recs:

AAL Deutsche: reiterated buy, tp raised to 3290 from 3100
BARC Seymour: reiterated sell, tp reiterated 276
BLT Deutsche: reiterated hold, tp raised to 2150 from 2063
BVIC Shore: reiterated hold
CPW Morgan Stanley: initiated overweight, tp 235
CPW UBS [HB]: reiterated buy, tp cut to 184 from 230
CWC Goldman: downgraded to sell from hold, tp cut to 58 from 168
CWC UBS: initiated neutral, tp 57
CWW Goldman: initiated hold, tp 103
DNX Goldman: reiterated conviction buy, tp raised to 1668 from 1650
DNX UBS: downgraded to neutral from buy, tp raised to 1335 from 1315
ENRC Deutsche [HB]: tp raised to 1413 from 1217
HSBA Goldman [HB]: reiterated buy, tp cut to 860 from 900
KAZ Deutsche: reiterated hold, tp raised to 1386 from 1373
LMI Deutsche: reiterated hold, tp cut to 2190 from 2285
NWG Credit Suisse: upgraded to neutral from underperform
PSN JPMorgan: reiterated overweight
RBS JPMorgan: reiterated underweight, tp raised to 42 from 38
RDW JPMorgan: reiterated overweight
RIO Deutsche: reiterated buy, tp raised to 4250 from 4015
RSA Citigroup: reiterated buy, tp raised to 145 from 140
SN. UBS [HB]: reiterated buy, tp raised to 760 from 720
TALK UBS: initiated buy, tp 150
TW. JPMorgan: reiterated overweight
VED Deutsche: reiterated hold, tp raised to 3090 from 2980
XTA Citigroup: reiterated buy, tp raised to 1600 from 1450
XTA Deutsche [HB]: reiterated buy, tp raised to 1550 from 1534

Morning all (sic),
If anyone from Shares Forum does look in, then please say 'hello'.

One for the "UPS"

SDY 29,875p ( 29.75 / 30p )
Reason : Breakout on the chart after going side ways 26 / 28p. news of wining a new contract yesterday after another last month and positive update from the company lately. Panmure Gordon has a target of 41p.

Intraday
3 month Candlestick with volume and 50 days Moving Average
3 month Bollinger Bands,RSI, S Stochastic and 50 days MA
Charts - 2 days

End-of-day Market Overview