Good morning traders!

In the US last night, the Dow rose 10 points at 11,202, the Nasdaq shed 4 points at 2,514
and the S&P500 fell a point at 1,198.

In Asia today, the Nikkei was last down 8 points at 9,819, while the Hang Seng ended the
morning off 14 points at 24,013.

Crude oil traded at $84.52 a barrel on Nymex.

Gold settled at $1,362 an ounce.

Happy trading!

G.

Broker Recs 16/11/2010

AAL Deutsche: reiterated buy, tp raised to 3410 from 3380
AAL UBS [HB]: reiterated neutral, tp raised to 3050 from 3030
AGS RBS: buy, tp raised to 150 from 140
AML Citigroup: reiterated buy
AML JPMorgan: reiterated underweight
AML RBS [HB]: buy, tp 460
BG. Citigroup: reiterated buy, tp raised to 1500
DXNS Nomura: reiterated buy, tp reiterated 49
HSV UBS: upgraded to buy from neutral, tp raised to 450 from 510
IRV JPMorgan: reiterated overweight
KESA Nomura: reiterated neutral, tp reiterated 173
LMI JPMorgan: upgraded to neutral from underweight, tp 2100
MSY Morgan Stanley: reiterated equal weight, tp 325
MSY RBS: buy, tp raised to 337 from 291
NFDS UBS: reiterated buy, tp 63
NWG Deutsche [HB]: reiterated buy, tp 355
PMO UBS: reiterated buy, tp 1845
PNN Deutsche: reiterated hold, tp 610
RTO Credit Suisse: neutral, tp cut to 110 from 115
SDR Morgan Stanley: overweight, tp raised to 1855
SGRO UBS: reiterated buy, tp 360
SL. Morgan Stanley: downgraded to underweight from equal weight, tp cut to 237 from 261
SPT JPMorgan: neutral, tp 154
SVT Deutsche: reiterated buy, tp reiterated 1540
TCG JPMorgan: overweight, tp 220
TT. JPMorgan: neutral, tp 210
UU. Deutsche [HB]: reiterated buy, tp reiterated 690

Opening Market Overview

Broker Recs update:

AAL Deutsche: reiterated buy, tp raised to 3410 from 3380
AAL UBS [HB]: reiterated neutral, tp raised to 3050 from 3030
AGS RBS: buy, tp raised to 150 from 140
AML Citigroup: reiterated buy
AML JPMorgan: reiterated underweight
AML RBS [HB]: buy, tp 460
ATG Arbuthnot: resumed buy
AU. Panmure: reiterated buy, tp raised to 1646 from 1636
BG. Citigroup: reiterated buy, tp raised to 1500
CEY Numis: tp cut to 210 from 220
CHAR Collins Stewart: initiated buy, tp 275
CHW Investec: buy, tp raised to 252 from 245
CHW KBC: buy, tp raised to 275 from 255
DXNS Nomura: reiterated buy, tp reiterated 49
FQM Numis: tp raised to 7500 from 7000
FRES Numis: downgraded to hold
GPX Arbuthnot: upgraded to strong buy from buy
HAR Investec: reiterated buy, tp cut to 42 from 70
HOC Numis: tp raised to 525 from 430
HSV UBS: upgraded to buy from neutral, tp raised to 450 from 510
HYC Execution: initiated buy
IFL Numis: tp cut to 50 from 70
IRV JPMorgan: reiterated overweight
ITV Investec: reiterated hold, tp raised to 69 from 65
ITV KBC: downgraded to hold from buy
ITV UBS: reiterated buy, tp raised to 84 from 72
KAZ Numis: hold, tp raised to 1470 from 1450
KESA Nomura: reiterated neutral, tp reiterated 173
LMI JPMorgan: upgraded to neutral from underweight, tp 2100
LVD Evolution: downgraded to add from buy
MRS Panmure: buy, tp raised to 330 from 305
MSY Morgan Stanley: reiterated equal weight, tp 325
MSY RBS: buy, tp raised to 337 from 291
NFDS UBS: reiterated buy, tp 63
NWG Deutsche [HB]: reiterated buy, tp 355
PFG Collins Stewart: reiterated sell, tp cut to 508
PMO UBS: reiterated buy, tp 1845
PNN Deutsche: reiterated hold, tp 610
POG Numis: downgraded to hold
RRS Numis: tp cut to 7100 from 7600
RTO Credit Suisse: neutral, tp cut to 110 from 115
SDR Morgan Stanley: overweight, tp raised to 1855
SGRO UBS: reiterated buy, tp 360
SL. Morgan Stanley: downgraded to underweight from equal weight, tp cut to 237 from 261
SPT JPMorgan: neutral, tp 154
SVT Deutsche: reiterated buy, tp reiterated 1540
TALV Numis: upgraded to hold
TCG JPMorgan: overweight, tp 220
TT. JPMorgan: neutral, tp 210

End-of-day Market Overview