In Asia a short while ago, the Hang Seng was up 182.97 points at 18,056.06, while the Nikkei was up 169.37 points at 16,538.18.
New York's main oil contract, light sweet crude for November delivery, was up 35 cents at $58.21 a barrel from $57.86 in late US trade overnight.
Early broker notes:
LLOYDS TSB UPGRADED TO 'NEUTRAL', BARCLAYS CUT TO 'UNDERWEIGHT' AT HSBC
CARPHONE WAREHOUSE UPGRADED TO 'BUY' VS 'HOLD' AT DEUTSCHE BANK
SCI ENTERTAINMENT STARTED 'BUY' AT CITIGROUP, PRICE TARGET 600P
UNILEVER CUT TO 'HOLD' VS 'BUY' AT CITIGROUP
STAGECOACH CUT TO 'NEUTRAL' VS 'OVERWEIGHT' AT JP MORGAN
HBOS CUT TO 'SELL' VS 'NEUTRAL' AT GOLDMAN SACHS
CARPHONE WAREHOUSE CUT TO 'EQUAL-WEIGHT' VS 'OVERWEIGHT' AT MORGAN STANLEY