Morning all. Market reports:

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

Germany's Bundesbank has fired a warning shot at Chancellor Angela Merkel, attacking the joint EU-IMF rescue plan for Greece as a threat to economic stability and probably illegal.
Bundesbank attacks Greek rescue as a threat to stability

Having watched Greek bonds plunge to new lows on Thursday, as credit default swaps on Greece set new records it was practically de rigueur to consider this as some soft of tipping point.
Well, where does Greece go from here?

A surprise surge in factory output in February helped the economy to grow in the first three months of the year in spite of the bad weather that hit many sectors, according to new figures.
Factories spring to life and give economy a lift

Research by the Office for National Statistics on social trends suggests that saving is history and consumers have shifted from buying material goods to recreation and culture.
Britain becomes nation of borrowers spending wildly on 'experiences'

Essar Energy, the oil, gas and power arm of the giant Indian conglomerate Essar Group, said yesterday that it is planning a $2.5bn (1.6bn) flotation in London, the stock exchange's largest listing for three years.
Essar Energy unveils plans for $2.5bn London IPO

Below you will find a very interesting primer on credit default swaps and the subprime mortgage short from Scion Capital's hedge fund manager Michael Burry. Burry of course was recently featured in Michael Lewis' latest book, The Big Short (which we highly recommend reading) for his notable early short position in subprime mortgages.
Michael Burrys premier primer

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE
KOSPI	SENSEX	VIX	GBP/USD
GBP/EUR	NYMEX CRUDE	GOLD

Good morning traders!

In the US last night, the DJIA ended up 30 points at 10,928, the Nasdaq Composite
added 6 points at 2,437 and the S&P500 gained 4 points at 1,186.

In Asia today, the Nikkei was up 7.1 points at 11,175.3, while the Hang Seng
ended the morning ahead 293.39 points at 22,160.43.

Crude oil traded at $85.81 a barrel on Nymex.

Gold settled at $1,152 an ounce.

Happy Friday!

G.

Hello Kyoto

Hope you are well now.
I was wondering whether you could add the GBP/Euro chart to the charts
as well.
You know, of course, without being reminded, that we all very much
appreciate your input on this thread, but I'd like to say
many thanks again.

Hello Midknight - thanks for your comments. It's good to know it's of some use - not much point posting if I'm only doing it for myself! I'm having one of those days so haven't been around much today. I've changed the header to incorporate the GBP/EUR chart. Hope that's what you wanted. Have a good weekend.