Good morning traders!

In the US last night, The Dow industrials ended at its low for the session, down 62.84 points at 10,285.26. The Nasdaq Composite dropped 14.3 points at 2,056.0 while the S&P500 was off 11.96 points at 1,178.14.

This morning, the Hang Seng ended the first half down 205.51 points at 14,391.89,with the Nikkei recently trading down 241.99 points at 13,110.25.

Oil eased in Asia, New York's main contract, light sweet crude for delivery in November was at $62.80 a barrel, down 40 cents from its close of $63.20 in the US yesterday.

Early broker notes:

BARCLAYS UPPED TO 'OVERWEIGHT, LLOYDS TSB TO 'EQUAL-WEIGHT' AT GOLDMAN
RBOS DOWNGRADED TO 'EQUAL-WEIGHT' VS 'OVERWEIGHT' AT GOLDMAN
CRH DOWNGRADED TO 'IN-LINE' VS 'OUTPERFORM' AT GOLDMAN
RENTOKIL UPGRADED TO 'NEUTRAL' VS 'REDUCE' AT UBS
SLOUGH ESTATES UPGRADED TO 'BUY' VS 'NEUTRAL' AT UBS
BODYCOTE INITIATED 'BUY' AT UBS, PRICE TARGET 255P

A thin day for reporting today but Q3 trends from Rio Tinto might be worth watching. Just a smattering of ex-ds today to look out for.

Happy trading!

G.

Good morning all

Morning All,

Not a lot of blue around this morning a what.

Bought some OOM at 154p....absolutely no fundamental reason why this should drop In price today.

I love days like this.

Midday Market Summary

Stan, does the market care about fundies on a day like this?. Plenty of good sound stocks out there taking a real battering.

cheers GF.

That's the point GF, and why It's a good day to buy (after the usual carefull research of course).

End of day market summary