Good morning traders!

In the US last night, the Dow closed up 20 points at 10,247, the Nasdaq lost 3
points at 2,151 and the S&P500 was flat at 1,093.

In Asia today, the Nikkei was down 4.19 points at 9,866.54, while the Hang Seng
ended the morning up 153.04 points at 22,421.2.

Crude oil traded at $79.08 a barrel on Nymex.

Happy trading!

G.

HSBA Daiwa: upgraded to outperform from underperform
SDR Jeffries: upgraded to hold from underperform, tp raised to 1280 from 950
SDR Morgan Stanley: overweight, tp raised to 1395 from 1295
SL. Morgan Stanley: upgraded to equalweight from underweight, tp raised to 260 from 211
TOMK Morgan Stanley: initiated overweight, tp 230
YELL Numis: upgraded to hold from reduce, tp reiterated 43

Upgrades from Credit Suisse on BLT and RIO I believe but no further details.

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