Good morning traders!

In the US last night, the Dow closed ahead 65.96 at 10,472.73 with the Nasdaq up 30.26 at 2,144.31 and the S&P 12 better at 1,214.76.

In Asia today, the Hang Seng ended the morning up 25.34 at 14,622.82, while the Tokyo market is closed.

Early broker notes:

ARM UPGRADED TO 'OVERWEIGHT' VS 'EQUAL-WEIGHT' AT MORGAN STANLEY
ROLLS ROYCE UPGRADED TO 'NEUTRAL' VS 'SELL' AT MERRILL LYNCH
DS SMITH UPGRADED TO 'OVERWEIGHT' VS 'EQUAL-WEIGHT' AT MORGAN STANLEY

Happy trading!

G.

LONDON (AFX) - Leading shares are expected to start a busy day higher, mirroring gains on Wall Street overnight, and as the market eyes a host of earnings news from blue chip companies including ICI and Unilever, dealers said.
According to spread bettors CMC, the FTSE 100 is set to open 13 points higher at 5,372 having closed yesterday 14.3 points firmer at 5,358.6.

MARKETS
FTSE 100 5,358.6 up 14.3
FTSE 250 7,873.3 up 96.2
DJIA 10,472.70 up 65.90
Nasdaq Comp 2,144.31 up 30.26
S&P 500 1,214.75 up 12.00
Tokyo: Nikkei closed
Hang Seng midday 14,622.82 up 25.34
Gold 462.15 usd (459.95 usd)
Oil - Brent Dec 58.38 usd (58.37 usd)

TODAY'S PRESS
* Blair picks moderniser to succeed Blunkett; prome minister determined on welfare reform; risk of losing Labour support at Westminster - FT
* Liquidators of BCCI end 850 mln stg Bank lawsuit - FT
* Oil price could rise 50 pct by 2030 without more Saudia Arabian investment, says International Energy Agency - FT
* PRUDENTIAL chief executive Mark Tucker insists he has the backing of the group's shareholders and says he is undeterred by the City's lukewarm reception to his plans for the life assurer - FT
* Two more rebels (F&C ASSET MANAGEMENT and STANDARD LIFE) put BSKYB's buyback in doubt - Telegraph

PRESS COMMENT
FT
THE LEX COLUMN comments on Credit Suisse (as a stock, at least, CS is less in its rival's shadow, marginally outperforming UBS this year; that should continue while the markets stay strong; but UBS remains the sector's class act), BBA (Fiberweb sale or demerger move is logical, but looks priced in), Germany (a slowdown in Germany's export markets, not machinations in Berlin, is the greatest risk to investor confidence), Time Warner/Cable (chief executive Dick Parsons now needs concrete news on AOL to convince investors that time Warner shares really are undervalued), BASF (stock is unlikely to leave a sour taste in the mouth), Urenco (giving Urenco more flexibility to finance growth is another good reason to move it closer to the capital markets)
Mail
ARMOUR GROUP (3.6 mln stg pretax forecast for the current year)
Express
MISYS (break-up bid rumours) - ARMOUR GROUP (rumoured to be pursuing bolt-on acquisitions and looking at US deals to enhance its home electronics business)
BUY! BUY! SELL! SELL! Henk Potts says BELLWAY looks cheap
Telegraph
QUESTOR: JD WETHERSPOON (sell), CSR (sell), KILN (sell)
Independent
THE INVESTMENT COLUMN: BBA (take profits), KILN (very attractive), CSR (speculative buy)
Times
Directors' dealings: PM GROUP (chief executive's wife sells stock for 1.48 mln stg) - Rumour of the day: GAMING VC (talk its Q3 trading update will be accompanied by board changes) - TEMPUS: ASSOCIATED BRITISH FOODS (keep holding), BBA GROUP (buy), HIGHLAND GOLD MINING (recent share price run is an opportunity for investors to recouop their ioriginal investment - but hold on to the rest)

Outlook

Morning All,

Thanks for the Outlook link above Digger.

Where Is this available on MoneyAM as I can't see the link anywhere?

Thank You.

Stan,

It is taken from our news page - it is an AFX story - if you search using London as the key you will find it,

Ian

Good Morning all

Thanks Ian.

Tried the search above Ian, London just brings up lots of older general Threads.

Is there another search function on here that I have missed?

Midday Market Summary

Stan,

I think you are searching on the BB's you need to click on news and then use the search box on that page - this is where these stories are filed,

Ian

Got It Now Ian, thanks once again.

End-of-day Market Summary

A bit late in replying ,but you now have the link