Good morning traders!

In the US last night, the Dow fell 46 points at 11,006, the Nasdaq lost 27 points at 2,498
and the S&P500 dropped 7 points at 1,181.

In Asia today, the Nikkei was last up 16 points at 9,953, while the Hang Seng ended the
morning off 86 points at 22,921.

Crude oil traded at $84.20 a barrel on Nymex.

Happy trading!

G.

ADN JPMorgan: reiterated overweight
BAY Goldman: reiterated buy, tp raised to 390 from 377
BET Goldman: initiated neutral, tp 1540
BET Morgan Stanley: initiated equal weight, tp 1480
BVIC Morgan Stanley: overweight, tp 550
COB JPMorgan: reiterated underweight
CRDA HSBC: initiated overweight
EZJ Goldman: downgraded to neutral from buy, tp 515
FDL JPMorgan: neutral
GOG Liberum: initiated hold
HIK JPMorgan: reiterated overweight, tp raised to 1000 from 870
HLMA JPMorgan: overweight
HLMA UBS: sell, tp cut to 290 from 300
JMAT HSBC: initiated overweight
MCRO Jeffries: upgraded to hold from underperform, tp 320
NEX Liberum: initiated hold
NWG Goldman: reiterated sell, tp raised to 344 from 329
RBS Morgan Stanley: equal weight, tp 53
RPC JPMorgan: overweight
SAB Nomura: reiterated reduce, tp cut to 1975 from 2000
SGC Liberum: initiated hold
SIG Goldman: neutral, tp raised to 2600 from 2400
SIG UBS: reiterated neutral, tp raised to 2600 from 2400
TSCO Jeffries: hold, tp 450
ULVR Nomura: reiterated reduce

End-of-day Market Overview