Good morning traders!

In Asia this morning, the Nikkei was up 25.75 points at 9,815.1, while the Hang
Seng ended the morning session ahead 233.44 points at 22,063.16.

Crude oil traded at $78.35 a barrel on Nymex and gold hovered around $1,104 an ounce.

Happy Monday!

G.

Long-dated oil prices have risen to nearly $100 a barrel, in a sign that investors are expecting high prices to return after the recession.
Long-dated oil soars

AV. ING: buy, tp raised to 523 from 434
AZN JPMorgan: downgraded to underweight from neutral, tp cut to 2960 from 3000
AZN RBS: upgraded to buy from hold, tp raised to 3500 from 2620
CW. Morgan Stanley: reiterated equalweight, tp cut to 170 from 190
GFS Panmure: buy
GSK JPMorgan: underweight, tp raised to 1350 from 1050
GSK RBS: buy, tp raised to 1760 from 1410
LGEN ING: sell, tp raised to 52 from 36
PRU ING: hold, tp raised to 584 from 392
RSA ING: hold, tp cut to 129 from 131
RTO Morgan Stanley: reiterated overweight, tp raised to 120 from 115
SL. ING: hold, tp raised to 232 from 157

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Opening Market Overview

KEEP an EYE

TLDH

News last Saturday of introduction of new top-level domains non-Latin scripts

November 7, 2009 - London - In a move widely regarded as a necessary prerequisite to a broad introduction of new top-level domains, the Board of Directors of the Internet Corporation for Assigned Names and Numbers (ICANN) has authorized the creation of new top-level domains (TLDs), or web addresses, in non-Latin scripts. For the first time ever, countries around the world can create their own top-level domain - the equivalent to .com, .net, or .uk - without using the Roman alphabet.

One for the "UPS"

XTR 2.875p

reason : News last Friday " The failure of the production test is inconclusive ". Since then the share price has fallen 38% from 4.40p, for the last 30 minutes it seems is reaching bottom and could be ready for the bounce on a better Level 2 of 3 v 1 and already paying premium for large size.

Is Investec's a reliable company?
Shall I relie on their evaluation of stocks or they are junk like many others?

Thanks in advance for any comment about this.

Midday Market Overview

ahoj - Should you rely on Investec's evaluation of stocks? No. And you shouldn't rely on anyone else's either. In the end, analysts at brokers put out notes - and they can vary from single-page speculation to well thought through documents with dozens of carefully calculated valuation ratios and future scenarios. But they are opinions, and there's often a diverse range of opinion because normally nobody can really agree on exactly how a company should be precisely valued given its circumstances.

I'm not sure I'd regard many broker notes as 'junk', but one must be careful of house brokers or brokers with agendas. In the smaller end of the market, one should be particularly wary of paid-for research - i.e. 'research' funded by the company themselves via a third-party broker. This usually produces the recommendation the company would like to see.

Thaks Kyoto.
I love the news below. China is selling more cars than any other country in the world and it is growing fast. House prices are rising too.

http://finance.yahoo.com/news/China-October-auto-sales-up-apf-514815824.html?x=0&sec=topStories&pos=9&asset=&ccode=

I baught an iMac last week. They have to deliver it from China!
Good new for Apple, IMO

End-of-day Market Overview