Broker upgrades, M&A activity and low volumes combined for a surprisingly strong Tuesday trading session. The major index closed up 1.19%. Goldman Sachs and UBS upgraded the banks, while Rio Tinto closed up 0.65% after a quarterly update. Meanwhile Asian markets were also up with the Hang Seng the outstanding performer thanks to optimism around US/China relations...

Our top three VODs are:

The GDP growth play; good for the banks and commodities

Still a lot of momentum behind discretionary retail

Fingers crossed for a Rio Tinto share buyback

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