Morning all. Market reports:

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

In scenes reminiscent of the height of the financial crisis in 2008, the Dow Jones Industrial Average - America's benchmark share index - briefly plunged by 998.5 points in late trading, dropping to a low of 9869.62.
Wall Street sees biggest intraday fall amid Greece fears

It was a move few on financial markets had seen before. At 2.42pm Wall Street time, the Dow Jones industrial average was trading at about 10,451.4, a drop of about 400 points. Seconds later, in a sickening lurch lower, the Dow was in freefall. In moments, it had plunged below 10,000, having fallen by 998.5 points.
Fat fingers or superfast trading sparked the sickening lurch

Debt costs surged to fresh highs across the eurozone periphery after the European Central Bank ruled out using its "nuclear option" to stabilise the bond markets, with worrying signs of contagion to Italy.
ECB paralysis rattles markets as debt costs hit new highs

The European Central Bank chief must realise that the markets are betting on a Greek default and the eurozone breaking up.
Trichet must think the unthinkable - and act now

Fears that Greece's sovereign debt crisis could spill into the banking sector and prompt another credit crunch hammered bank share prices today amid warnings that Britain's banks remain "vulnerable".
Moody's warns of Greek debt crisis creating new UK credit crunch

The Treasury has found ways of implementing the Conservative election pledge to make ￡6 billion worth of efficiency savings in the coming year, The Times has learnt.
Treasury starts work on ￡6 billion Conservative cutbacks

The spectre of other resources-rich countries joining Australia in imposing extra taxes on the mining industry was raised again yesterday when an influential state-run newspaper in China urged the authorities in Beijing to impose a similar levy.
China hints at imposing mining super-tax

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 closed down 348 points at 10,520, having earlier
registered a fall of almost 1,000 points. The Nasdaq Composite lost 83 points at
2,320 and the S&P500 fell 38 points at 1,128.

In Asia today, the Nikkei was last down 273.39 points at 10,422.3, while the Hang
Seng ended the morning off 119.47 points at 20,013.94.

Crude oil traded at $77.22 a barrel on Nymex.

Gold settled at $1,199 an ounce.

Happy Friday!

G.