Morning all. Market reports:

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

Britain's giant lenders are facing the threat of extinction after the new coalition Government pledged to establish an independent commission to decide whether to break up the banks.
Coalition Government: British banks face break-up in just one year

Spain has followed Ireland and Greece in imposing 1930s-era wage cuts to slash the budget deficit, complying with EU demands for further austerity in exchange for the 720bn `shock and awe rescue for eurzone debtors.
EU imposes wage cuts on Spanish "Protectorate", calls for budget primacy over sovereign parliaments

Big bets by a single trader on Chicago's derivatives exchange could be the key to Thursday's so-called "flash crash" on Wall Street, in which the blue-chip Dow Jones industrial average fleetingly dropped by almost 1,000 points.
Single trader may have sparked Dow Jones 'flash crash'

George Osborne, the chancellor, appeared to have put his election promise to disband the Financial Services Authority on the backburner as the new coalition government focused on a crackdown on "unacceptable" City bonuses and splitting up the big banks. There was no mention in the policy document published of the plans to disband the City regulator which had raised eyebrows when Osborne originally proposed the idea.
Financial Services Authority lives to fight another day as City regulator

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 Dow closed up 149 points at 10,897, the Nasdaq
Composite added 50 points at 2,425 and the S&P500 rose 16 points at 1,172.

In Asia today, the Nikkei was last up 231.9 points at 10,625.93, while the Hang
Seng ended the morning ahead 212.94 points at 20,425.43.

Crude oil traded at $75.57 a barrel on Nymex.

Gold settled at $1,237 an ounce.

Happy trading!

G.

Opening Market Overview

Yesterday's UPS share has move further up today and after some profit taking level 2 is improving again to 5 v 1 @ 12.25 / 12.75p

One for the "UPS"
ANR 12p (11.75 / 12.25p )
Retracement completed and today moving higher with volume, positive Level 2 with 3 v 1 and buys now just over middle price 12.075p. Positive Indicators bouncing from oversold

End-of-day Market Overview