Good morning traders!

In the US last night, the Dow shed 2 points at 11,370, the Nasdaq rose 8 points at 2,617
and the S&P500 added 5 points at 1,233.

In Asia today, the Nikkei was last down 69 points at 10,217, while the Hang Seng ended
the morning off 157 points at 23,014.

Crude oil traded at $88.38 a barrel on Nymex.

Gold settled at $1,391 an ounce.

Happy Friday!

G.

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE
KOSPI	SENSEX	VIX	GBPUSD
GBPEUR	NYMEX CRUDE	GOLD

AV. Morgan Stanley [HB]: reiterated equal weight, tp raised to 515 from 513
BBY UBS: reiterated buy, tp raised to 330 from 294
BG. BarCap: reiterated overweight, tp raised to 1600 from 1500
BG. Credit Suisse: reiterated outperform, tp reiterated 1370
BG. UBS: reiterated neutral, tp raised to 1350 from 1290
BP. UBS [HB]: reiterated buy, tp raised to 535 from 525
CEY Numis: downgraded to add from buy
CNA Nomura: reiterated buy, tp cut to 395 from 410
DEB JPMorgan: reiterated overweight, tp 97
ETI UBS: upgraded to neutral from sell, tp raised to 110 from 95
EZJ UniCredit: hold, tp raised to 430 from 385
GMG UBS: reiterated neutral, tp cut to 62 from 75
HMV Citigroup [HB]: downgraded to hold from buy
HMV JPMorgan: reiterated underweight
HMV KBC: downgraded to hold from buy
IGG Goldman: reiterated buy, tp raised to 655 from 600
LGEN Morgan Stanley: reiterated overweight, tp cut to 133 from 137
OML Morgan Stanley: reiterated equal weight, tp raised to 157 from 155
PFL Credit Suisse: reiterated neutral, tp 320
PRU Morgan Stanley: upgraded to overweight from equal weight, tp raised to 802 from 753
RDSB UBS: tp raised to 2350 from 2300
RSL Morgan Stanley: reiterated overweight, tp raised to 135 from 286
SCHE JPMorgan: reiterated neutral
SIG Goldman: reiterated neutral, tp raised to 2959 from 2467
SMDS UBS: reiterated neutral, tp raised to 200 from 185
STAN Merrill: downgraded to neutral from buy
STAN Morgan Stanley: reiterated equal weight, tp cut to 1915 from 2000
ULVR UBS [HB]: reiterated neutral, tp raised to 2420 from 2370
WOS Goldman: reiterated neutral, tp cut to 1877 from 1888.6

End-of-day Market Overview

Have a great weekend all!

G.