ARM Credit Suisse: reiterated outperform, tp raised to 199 from 160
BARC Morgan Stanley: reiterated overweight, tp cut to 390 from 435
EMG Credit Suisse: reiterated neutral, tp cut to 300 from 320
GRT Citigroup: initiated buy
GRT HSBC: initiated overweight
LAND Goldman: outperform
LAND Morgan Stanley: outperform
RB. JPMorgan: reiterated overweight, tp raised to 3700 from 3400
RBS Morgan Stanley: resumed equalweight, tp 40

Morning Kyoto.
I didn't like the look of your report from the IMF above. Doom and gloom forecasts plus Mervyn King's talks have spooked the banks yet again. Pity I am long with real shares and not playing the short market.
TT

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Midday Market Overview

The market is looking fairly negative now. Was hoping that we would recover on the US open but the opposite - we've got weaker.

FTSE keeps bouncing off that 5200 support though. There have been some absolutely brutal moves on the miners in the last few days - if this turns there's going to be a lot of money to be made on the upside - timing the entry is everything though at the moment!



Three weeks:

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End-of-day Market Overview