Good morning traders!

In the US last night, the Dow rose 4 points at 11,990, the Nasdaq added 16 points at 2,755
and the S&P 500 gained 3 points at 1,300.

In Asia today, the Nikkei was recently down 127 points at 10,351, while the Hang Seng
ended the morning off 96 points at 23,684.

Crude oil traded at $85.17 a barrel and gold settled at $1,311 an ounce.

Happy Friday!

G.

Velti (VEL) goes live with its Nasdaq listing today (VELT) at $12.00
Its behaviour there will presumably impact behaviour in UK price.

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

AU. UBS [HB]: reiterated neutral, tp reiterated 1600
BG. Goldman: neutral, tp raised to 1490 from 1450
BP. Goldman: reiterated buy, tp raised to 600 from 570
BSY BarCap: equal weight, tp raised to 820 from 700
BSY S&P: tp raised to 830 from 740
DMGT BarCap: overweight, tp raised to 670 from 630
EZJ UBS: reiterated buy, tp reiterated 460
HAS RBS [HB]: buy, tp raised to 160 from 130
INF BarCap: overweight, tp raised to 495 from 475
LSE BarCap: reiterated equal weight, tp raised to 900 from 870
LSE UBS: reiterated neutral, tp reiterated 830
MPI RBS: upgraded to buy from hold, tp raised to 765 from 470
MRS UBS: initiated buy, tp 415
MRW Nomura: buy, tp cut to 305 from 353
POG UBS: reiterated buy, tp reiterated 1400
RDSB Goldman: tp raised to 2910 from 2700
REL BarCap: upgraded to overweight from equal weight, tp raised to 660 from 625
RMV BarCap: reiterated equal weight, tp raised to 855 from 760
STHR RBS: upgraded to buy from hold, tp raised to 700 from 300
TSCO Nomura: buy, tp raised to 500 from 495
UBM BarCap: downgraded to equal weight from overweight, tp raised to 755 from 715
YELL BarCap: downgraded to underweight from equal weight, tp cut to 8 from 13

ARM Citigroup: reiterated sell, tp raised to 300 from 255
AU. UBS [HB]: reiterated neutral, tp reiterated 1600
AZN JPMorgan: reiterated neutral, tp cut to 3600 from 3638
BG. Citigroup: reiterated buy, tp 1600
BG. Goldman: neutral, tp raised to 1490 from 1450
BP. Citigroup: initiated hold, tp 525
BP. Goldman: reiterated buy, tp raised to 600 from 570
BSY BarCap: equal weight, tp raised to 820 from 700
BSY Nomura: reiterated buy, tp reiterated 1060
BSY S&P: tp raised to 830 from 740
CEY Citigroup: upgraded to buy from sell, tp raised to 165 from 158
DGE JPMorgan: downgraded to underweight from neutral, tp raised to 1120 from 1050
DMGT BarCap: overweight, tp raised to 670 from 630
EXPN Morgan Stanley: reiterated equal weight, tp 880
EZJ Morgan Stanley: reiterated equal weight, tp cut to 460 from 510
EZJ UBS: reiterated buy, tp reiterated 460
GKN Goldman: downgraded to neutral from buy, tp raised to 312 from 285
HAS RBS [HB]: buy, tp raised to 160 from 130
III Citigroup: reiterated buy, tp 365
INF BarCap: overweight, tp raised to 495 from 475
KESA JPMorgan: underweight
LAD Morgan Stanley: tp cut to 160
LSE BarCap: reiterated equal weight, tp raised to 900 from 870
LSE JPMorgan: reiterated neutral
LSE UBS: reiterated neutral, tp reiterated 830
MPI RBS: upgraded to buy from hold, tp raised to 765 from 470
MRS UBS: initiated buy, tp 415
MRW Nomura: buy, tp cut to 305 from 353
PAG JPMorgan: reiterated overweight
POG UBS: reiterated buy, tp reiterated 1400
PSON JPMorgan: reiterated overweight, tp raised to 1285 from 1215
RDSB Citigroup: buy, tp 2400
RDSB Goldman: tp raised to 2910 from 2700
REL BarCap: upgraded to overweight from equal weight, tp raised to 660 from 625
RMV BarCap: reiterated equal weight, tp raised to 855 from 760
RSW Citigroup: reiterated sell, tp raised to 1492 from 967
STHR RBS: upgraded to buy from hold, tp raised to 700 from 300
SYR Citigroup: initiated hold, tp 990
TSCO Nomura: buy, tp raised to 500 from 495
UBM BarCap: downgraded to equal weight from overweight, tp raised to 755 from 715
WMH Morgan Stanley: tp raised to 220
YELL BarCap: downgraded to underweight from equal weight, tp cut to 8 from 13

Midday Market Overview

US Forecast Previous
28 Jan 11 13:30 Advance GDP q/q 3.60% 2.60%

Actual was 3.2%. DJI falling steeply.

End-of-day Market Overview