Good morning traders!

In the US last night, the Dow slumped 178 points at 11,024, the Nasdaq lost 44 points at
2,470 and the S&P500 fell 19 points at 1,178.

In Asia today, the Nikkei was last off 13 points at 9,784, while the Hang Seng ended the
morning down 160 points at 23,533.

Crude oil traded at $82.42 a barrel on Nymex.

Gold settled at $1,338 an ounce.

Happy trading!

G.

17/11/2010 Broker Recs

AVV UBS: reiterated sell, tp raised to 1310 from 1260
BLND UBS: reiterated buy, tp 550
BRBY Deutsche: reiterated hold, tp raised to 1010 from 980
BRBY JPMorgan: reiterated neutral, tp raised to 1030 from 960
BRBY Nomura: reiterated neutral, tp reiterated 964
BRBY UBS: reiterated neutral, tp 1030
CAY KBC: initiated buy
CW. Goldman: reiterated buy, tp cut to 99 from 100
CW. Nomura: buy, tp cut to 90 from 110
DGE Morgan Stanley: reiterated overweight, tp raised to 1300 from 1200
EZJ Deutsche: reiterated buy, tp raised to 630 from 620
FXPO Morgan Stanley: overweight, tp raised to 439 from 414
GSK JPMorgan: reiterated neutral, tp reiterated 1320
GSK UBS: reiterated buy, tp 1650
IAP Oriel: add, tp raised to 500 from 450
III Morgan Stanley: equal weight, tp raised to 320 from 314
IMT Goldman: reiterated buy, tp cut to 2370 from 2450
ITV Deutsche: reiterated hold, tp raised to 71 from 67
ITV JPMorgan: reiterated overweight, tp raised to 85 from 82
ITV Nomura: reiterated neutral, tp raised to 80 from 65
JMAT Citigroup: downgraded to hold from buy
MAB Nomura: reiterated buy, tp reiterated 435
MARS WH Ireland: initiated buy, tp 130
MGCR Investec: reiterated buy, tp raised to 290 from 275
MONY UBS: neutral, tp raised to 82 from 75
MTO UBS: reiterated buy, tp reiterated 240
OXIG JPMorgan: reiterated overweight
PFL HSBC: downgraded to neutral from overweight
PFL UBS: downgraded to neutral from buy, tp raised to 300 from 290
REC JPMorgan: reiterated overweight
REX Goldman: reiterated neutral, tp raised to 355 from 352
RMV Goldman: neutral, tp raised to 910 from 860
RR. JPMorgan: downgraded to neutral from overweight, tp cut to 631 from 672
SAB Jeffries: reiterated hold, tp 2090
SMDS Goldman: reiterated neutral, tp raised to 191 from 169
SMIN UBS: reiterated buy, tp reiterated 1550
TALK Jeffries: reiterated hold, tp raised to 168 from 128
TW. JPMorgan: reiterated overweight, tp reiterated 58
WSM HSBC: downgraded to neutral from overweight
YELL Credit Suisse: neutral, tp cut to 10 from 50

End-of-day Market Overview