NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

Nikkei is closed today.

BVS UBS: upgraded to buy from neutral, tp 518 from 491
CW. ING: initiated buy, tp 160
NFDS JPMorgan: initiated neutral, tp 60
RWD JPMorgan: initiated overweight

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One on the move JPR

UPS

JPR 17.125p (17 / 17.50p )
Recent bounce with volume after retracement with positive Indicators oversold and double bottom on the chart. Advertising is slowly recovering, order book stronger on the bid side

Another one on the move

UPS

CRND 15.375p ( 15.25 - 15.50p)
Reason :Has $46M in cash and is continuing to make considerable progress in building a substantial low cost gold mine. Co. have commenced trial slot mining and should begin underground mining during August. Is targeting to produce rate of 100,000oz of gold annualy by early 2009. Volume and positive Indicators

End-of-day Market Overview