Good morning traders!

In Asia today, the Hang Seng closed the morning down 43.72 points at 17,499.33, while the Nikkei was recently down 30.96 points at 16,223.33.

New York's main oil contract, light sweet crude for November delivery, was down 12 cents at $60.91 a barrel from $61.03 in late US trades overnight.

Early broker notes:

MAN GROUP DOWNGRADED TO 'HOLD' VS 'BUY' AT CITIGROUP
SPEEDY HIRE UPGRADED TO 'BUY' VS 'NEUTRAL' AT UBS
NATIONAL EXPRESS CUT TO 'HOLD' VS 'BUY' AT CITIGROUP
SHANKS UPGRADED TO 'BUY' VS 'ADD' AT ABN AMRO
ROBERT WISEMAN CUT TO 'SELL' VS 'HOLD' AT ABN AMRO
BSKYB STARTED 'NEUTRAL' AT HSBC; PRICE TARGET 560P
CENTRICA UPGRADED TO 'NEUTRAL' VS 'UNDERPERFORM' AT CREDIT SUISSE

Happy trading!

G.

Morning all.

Morning All,

I'd like to thank dai oldenrich for starting those large cap threads today.

If It becomes difficult to make money from the market If and when the recession begins to bite

Then It will be the large caps that will be less risky to trade.

End-of-day Market Roundup