US Equity and Commodities Markets Update
US equity markets opened the week in positive territory today as broker upgrades and merger-and-acquisition activity fuelled risk appetite.
JC Penney, the third-largest US department-store chain, was 1.8% higher at $28.89 a share this afternoon after Morgan Stanley upped its recommendation from ‘equal weight’ to ‘overweight’. The bank highlighted the fact that the retailer trades [...]