Good morning traders!

In the US last night, the Dow rose 18 points at 11,429, the Nasdaq lost 13 points at
2,625 and the S&P500 was flat at 1,240.

In Asia today, the Nikkei was last up 7 points at 10,301, while the Hang Seng ended the
morning ahead 19 points at 23,337.

Crude oil traded at $88.20 a barrel on Nymex.

Gold settled at $1,404 an ounce.

Happy trading!

G.

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

AAL UBS [HB]: reiterated neutral, tp raised to 3230 from 3050
ANTO UBS: reiterated sell, tp raised to 1150 from 1100
AV. UBS: initiated neutral, tp 400
BARC Deutsche: reiterated buy, tp cut to 372 from 395
BLT UBS: reiterated buy, tp raised to 2700 from 2385
BOK UBS: reiterated buy, tp raised to 66 from 59
BP. Credit Suisse: reiterated outperform, tp raised to 585 from 515
BP. Jeffries: initiated hold, tp 475
CSCG Deutsche: reiterated hold, tp 350
EGU UBS: reiterated buy, tp raised to 1120 from 970
ENRC UBS: upgraded to buy from neutral, tp raised to 1260 from 1080
EXPN JPMorgan: overweight
EZJ Credit Suisse: resumed neutral
FXPO UBS: reiterated buy, tp raised to 440 from 430
HSBA Deutsche: reiterated buy, tp 790
IPF JPMorgan: reiterated neutral
LLOY Deutsche: reiterated buy, tp reiterated 100
OXB JPMorgan: reiterated neutral
POG UBS: reiterated buy, tp raised to 1400 from 1350
RB. UBS: reiterated buy, tp reiterated 4000
RBS Deutsche: reiterated hold, tp 55
RDSB Jeffries: initiated buy, tp 2350
RIO Deutsche: buy, tp reiterated 4250
RIO UBS: reiterated buy, tp raised to 5460 from 4870
RR. Goldman: reiterated conviction buy, tp reiterated 830
STAN Deutsche: reiterated hold, tp cut to 1750 from 1780
TATE JPMorgan: reiterated neutral
TCG JPMorgan: reiterated overweight, tp cut to 205 from 220
TT. JPMorgan: reiterated neutral, tp cut to 205 from 210
VED UBS: reiterated neutral, tp raised to 2400 from 2300
VOD Nomura: reiterated buy, tp raised to 205 from 200
WG. Merrill: reiterated buy, tp raised to 600 from 560
WG. UBS: reiterated buy, tp raised to 580 from 520
XTA UBS: upgraded to buy from neutral, tp raised to 1600 from 1420