Good morning traders!

In the US last night, the Dow closed up 79.69 at 10,552.78 with the Nasdaq 25.82 better at 2,141.22 and the S&P500 ahead 10.79 points at 1,227.68.

In Asia this morning, the Hang Seng ended the first half of the session down 27.10 points at 15,404.15 while the Nikkei traded down 11.11 points at 13,606.13.

Oil eased a little in Asian trade with New York's main contract, light sweet crude for delivery in November, down 32 cents at $66.47 from its close of $66.79 in the US.

Early broker notes:-

BOOTS UPGRADED TO 'IN-LINE' VS 'UNDERPERFORM' AT CAZENOVE
MARKS & SPENCER UPGRADED TO 'OUTPERFORM' VS 'IN-LINE' AT GOLDMAN SACHS
PUNCH TAVERNS, ENTERPRISE INNS INITIATED 'OUTPERFORM' AT CSFB
ARLA FOODS, DAIRY CREST INITIATED 'IN-LINE' AT GOLDMAN SACHS
HMV CUT TO 'NEUTRAL' VS 'BUY' AT UBS
BAA UPGRADED TO 'BUY' VS 'ADD' AT ABN AMRO

Happy trading!

G.

Investors Chronicle

Tips:

Buy Smith & Nephew at 492p - Icap at 357p - Golden Prospect at 48p - Ascribe at 36p - Finsbury Food at 70p

Sell Restaurant Group at 131p

Updates:

Buy Pennon - Ascent Resources - Care UK
ITV and Solitaire good value

Company Results:

Buy Minerva - Chorion - Entertainment Rights - Peter Hambro Mining

Sell NXT.

Good morning all and thanks for the info. Greystone.

Druid2 - You are very welcome.

Midday Market Roundup

End of day market summary

All,

A word of warning during the month of October the Police are filming "Police Camera Action" for 3 weeks along the M3. Any motorist caught on camera will be prosecuted as part of the filming and NOT let off and they will be filmed through the court proceedings and prosecution - so a word of warning if you are on the M3 during the month of October be extra careful!

PS This is not a joke the Police at Ace Cafe confirmed that this is correct and are warning ALL bikers at Ace Cafe to be careful so its not a spoof its for real!!!