Good morning traders!

In the US last night, the Dow added 34 points at 11,672, the Nasdaq Composite rose 9
points at 2,717 and the S&P500 gained 5 points at 1,274.

In Asia today, the Nikkei was recently up 16 points at 10,527, while the Hang Seng
ended the morning ahead 192 points at 23,952.

Crude oil traded at $91.14 a barrel on Nymex.

Gold settled at $1,384 an ounce.

Happy trading!

G.

PS There are early problems with some of the thread header links. I will have the
technical team look into it as soon as possible. Apologies.

NIKKEI 225	AUSTRALIA ASX200	HANG SENG	SHANGHAI COMPOSITE
KOSPI	SENSEX	VIX	GBPUSD
GBPEUR	NYMEX CRUDE	GOLD

AAL Deutsche: reiterated buy, tp raised to 3920 from 3430
ABG Deutsche: reiterated buy, tp raised to 785 from 710
AFR Jeffries: initiated buy, tp 180
AML UBS: reiterated buy, tp cut to 420 from 430
ANTO Deutsche: reiterated hold, tp raised to 1540 from 1470
AQP Credit Suisse: initiated neutral, tp 370
AQP Deutsche: reiterated buy, tp raised to 430 from 390
ARG Jeffries: initiated buy, tp 75
ARM Morgan Stanley: reiterated overweight, tp raised to 600 from 530
ARM RBS: reiterated buy, tp raised to 600 from 430
BLT Deutsche: reiterated buy, tp raised to 2970 from 2440
BLVN Jeffries: initiated hold, tp 435
BOR Jeffries: initiated buy, tp 90
BT.A BarCap: reiterated overweight, tp reiterated 230
BVIC Nomura: reiterated buy, tp reiterated 600
CHAR Jeffries: initiated buy, tp 275
CKSN UBS: downgraded to sell from neutral, tp cut to 550 from 575
CNE Jeffries: initiated buy, tp 500
COV Jeffries: initiated hold, tp 100
CRDA Citigroup: upgraded to buy from hold, tp raised to 1750 from 1400
CSR Goldman: reiterated equal weight, tp raised to 400 from 352
CW. BarCap: downgraded to equal weight from overweight, tp cut to 87 from 92
CWC BarCap: reiterated equal weight, tp cut to 60 from 61
DEB UBS: reiterated neutral, tp 75
DES Jeffries: initiated hold, tp 40
DGE Nomura: buy, tp 1500
DPL Jeffries: initiated buy, tp 9
ENRC Deutsche [HB]: reiterated buy, tp raised to 1577 from 1315
FOGL Jeffries: initiated buy, tp 225
FRES Deutsche: reiterated hold, tp raised to 1675 from 1260
FXPO Deutsche [HB]: reiterated buy, tp raised to 463 from 393
GAW Seymour: downgraded to hold from buy
HSBA BarCap: overweight, tp 850
ISAT BarCap: reiterated equal weight, tp reiterated 760
KAZ Deutsche: upgraded to buy from hold
LLOY BarCap: underweight, tp 65
LMI Citigroup [HB]: initiated underperform, tp 1900
LMI Deutsche: reiterated hold, tp raised to 1965 from 1800
MKS UBS: downgraded to neutral from buy, tp cut to 395 from 430
PMO Jeffries: initiated hold, tp 1900
RBS BarCap: overweight, tp 65
REL UBS: reiterated buy, tp 650
RIO Deutsche: reiterated buy, tp raised to 5450 from 4250
RKH Jeffries: initiated hold, tp 435
RRS Deutsche: reiterated hold, tp cut to 5710 from 6300
SAB Nomura: reiterated reduce, tp reiterated 2000 from 1975
SGRO Morgan Stanley: reiterated overweight, tp reiterated 410
SIA Jeffries: initiated hold, tp 335
STAN BarCap: equal weight, tp 1800
SVS UBS: upgraded to buy from neutral, tp reiterated 375
TALK BarCap: reiterated overweight, tp reiterated 193
TCY BarCap: reiterated overweight, tp reiterated 600
TLW Jeffries: initiated buy, tp 1600
TRP Jeffries: initiated buy, tp 10
VOD BarCap: downgraded to equal weight from overweight, tp cut to 192 from 196
VOG Jeffries: initiated hold, tp 6
XTA Deutsche [HB]: reiterated buy, tp raised to 1954 from 1650

End-of-day Market Overview