Good morning traders!

Asian bourses have been positive this morning with the Hang Seng recently up 49.61 points at 14,836.07 and the Nikkei 79.78 points better at 11,774.83.

New York's main oil contract, light sweet crude for delivery in September, was at $58.85 a barrel, up 20 cents from its closing price of $58.65 in the US on Friday.

In the UK, M&B has been upgraded to overweight by Morgan Stanley.

Happy trading!

G.

AFX UK at a glance share guide - 3

MARKETS
Tokyo: Nikkei 225 (Midday) 11,752.22, up 57.17
Hang Seng (midday) 14,836.07, up 49.61

BREAKING NEWS - MONDAY
* UPS eyes a UK-based acquisition, believed to be in the package delivery
sector, ruling out EXEL - FT
* C&W threatens BT GROUP with formal complaint over delays in broadband
switching - Guardian
* Regulator tipped to put limits on LONDON STOCK EXCHANGE bidders - Times
* PANMURE GORDON sets up co-operation agreement with small US investment bank,
CE Unterberg Towbin - FT
* ARCELOR reconsidering plans to take stake in Chinese rival - FT
* MAN AG chief sees no value in break-up - FT
* Private healthcare firm Bupa leads the field to buy Associated Nursing
Services - FT
* Co-op Bank turns down 9 mln stg of 'unethical' custom - Independent
* UK workers 'do not believe pensions warnings: Institute for Public Policy
Research - Times
* Confectionery maker Mars discovers hidden benefits of cocoa as an aid to
treat diabetes and strokes - FT
* Olive oil prices set to soar as drought hits crop in Spain - Times

MONDAY PRESS COMMENT
FT
Lex Column: Moody's (The real anomaly is not that Moody's researchers have
changed their view. It is that the market is prepared to attach such special,
quasi-regulatory, importance to them in the first place); DVDs (Low DVD
penetration abroad offer long-term growth opportunities - although piracy
remains a big problem); Comprehensive Income (Comprehensive income, as
proposed by the International Accounting Standards board to supplement net
income, is a fundamentally desirable outcome, although its parameters will be
controversial)

Express
The Aim Market: SEEING MACHINES (Placing set for September)

Times
Smaller Stock to Watch: AT COMMUNICATIONS (Aim debut today) -- Rumour of the
Day: VODAFONE's Arcor (Apax Partners thought to be lead contender for the
German fixed line business)

ALLIED DOMECQ SHARES SUSPENDED PENDING ANNOUNCEMENT

Morning All.