Hello traders!

In the US tonight, the Dow Jones Industrial Average rose 51 points in afternoon trade to 12,303, after hitting a new all-time intraday record high of 12,325.

The S&P 500 was up 4 points at 1,401, breaching a key technical level and, after a bout of morning weakness, the Nasdaq Composite turned positive and recently added 4.8 points to 2,447.

Crude for December delivery was recently down $2.44 at $56.32 a barrel, tracking a big drop in natural gas.

See you in the morning with the latest.....

G.

Good morning traders!

In Asia today, the Nikkei closed 72.14 points lower at 16,091.73, while the Hang Seng ended the morning up 37.32 points at 19,191.39.

New York's main oil contract, light sweet crude for delivery in December, was 21 cents lower at $56.05 a barrel after sinking $2.50 to $56.26 in late US trade as the markets reviewed conflicting reports on OPEC's exports.

Happy Friday!

G.

Midday Market Roundup

Keep an Eye

LUP - Mid 15.875p ( 15.75 / 16p )

Reason - Improving on good large size volume, after the retracement Interim results were strong and will produce double digit earnings growth on future years, so undervalued. "Lupus Capital has achieved excellent growth in sales, profits, dividends and cash generation, which, together with a strong balance sheet"

        LUNCH TIME FUN

End-of-day Market Roundup

Have a great weekend everybody!

        JOKE OF THE DAY

TRADITIONAL CAPITALISM:
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.

A FRENCH CORPORATION:
You have two cows.
You go on strike because you want three cows.

A JAPANESE CORPORATION:
You have two cows.
You redesign them so they are one-tenth the size of an ordinary cow
and produce twenty times the milk. You then create clever cow
cartoon images called Cowkimon and market them worldwide.

A BRITISH CORPORATION:
You have two cows.
Both are mad.

AN ITALIAN CORPORATION:
You have two cows, but you don't know where they are.
You break for lunch.

A SWISS CORPORATION:
You have 5000 cows, none of which belong to you.
You charge others for storing them.

A CHINESE CORPORATION:
You have two cows.
You have 300 people milking them.
You claim full employment, high bovine productivity, and arrest the
newsman who reported the numbers.

A WELSH CORPORATION:
You have two cows.
That one on the left is kinda cute