Good morning traders!

In Asia today, the Hang Seng closed the morning up 36.47 points at 15,841.28, while the Nikkei was recently down 26.05 points at 15,126.35.

New York's main oil contract, light sweet crude for delivery in August, was up 24 cents at $72.04 per barrel from $71.80 in late trading in the US.

Early broker notes:

NATIONAL GRID CUT TO 'HOLD' VS 'BUY' AT CITIGROUP
FILTRONA UPGRADED TO 'BUY' VS 'NEUTRAL' AT UBS
JOHNSON SERVICE INITIATED 'BUY' AT UBS, PRICE TARGET 490P

Happy trading!

G.

morning all. Lots of M&A activity around at the moment so lots of nice fees going to lawyers and the banks. Wonder who will be the next bid target, is Calluna still going?:-)

End-of-day Market Summary