Good morning traders!

In the US last night, the Dow surged 148 points at 12,040, the Nasdaq jumped 51 points
at 2,751 and the S&P500 gained 21 points at 1,308.

In Asia today, the Nikkei was recently up 201 points at 10,475. Hong Kong markets are
closed for Chinese New Year.

Crude oil traded at $90.73 a barrel on Nymex and gold settled at $1,339 an ounce.

Happy trading!

G.

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

AFR Deutsche: initiated buy, tp 185
ARM Deutsche: hold, tp raised to 400 from 300
ARM JPMorgan: underweight, tp raised to 220 from 190
ARM Nomura: reiterated neutral, tp raised to 500 from 330
AU. Nomura: reiterated buy, tp reiterated 1860
AU. UBS [HB]: reiterated neutral, tp raised to 1700 from 1600
BA. Nomura: reiterated buy, tp reiterated 420
BP. Goldman: reiterated buy, tp cut to 580 from 600
BP. Jeffries: reiterated hold, tp reiterated 475
BP. JPMorgan: reiterated overweight, tp raised to 575 from 550
BP. Morgan Stanley: overweight, tp 565
BP. Oriel: downgraded to hold from buy
BP. UBS [HB]: reiterated buy, tp reiterated 550
CCL Morgan Stanley: reiterated overweight, tp 3500
CNE Deutsche: buy, tp raised to 530 from 475
DLAR UBS: downgraded to sell from neutral, tp cut to 565 from 845
ETI HSBC: downgraded to neutral from overweight
GNK HSBC: downgraded to neutral from overweight
GNK JPMorgan: overweight
GSK Morgan Stanley: reiterated underweight, tp 1130
HFD Deutsche: hold, tp cut to 450 from 500
JDW HSBC: upgraded to overweight from underweight
JKX Deutsche: hold, tp raised to 310 from 255
MARS HSBC: downgraded to underweight from neutral
MTO Goldman: reiterated buy, tp cut to 325 from 336
NWG JPMorgan: upgraded to overweight from neutral, tp raised to 340 from 335
OCDO Jeffries: reiterated hold, tp raised to 190 from 170
OCDO JPMorgan: overweight, tp 180
PMO Deutsche: buy, tp raised to 2345 from 2025
RB. Citigroup: initiated buy, tp 4200
RR. Morgan Stanley: reiterated overweight, tp raised to 800 from 720
SMDR Deutsche: buy, tp raised to 395 from 300
SVT JPMorgan: reiterated neutral, tp raised to 1445 from 1430
TATE JPMorgan: reiterated neutral
TATE UBS: reiterated neutral, tp raised to 535 from 525
TCG Goldman: buy, tp cut to 230 from 240
TLW Deutsche: hold, tp raised to 1330 from 1290
TLW UBS: reiterated buy, tp raised to 1525 from 1505
TT. Goldman: reiterated neutral, tp cut to 245 from 250
XTA Deutsche [HB]: reiterated buy, tp raised to 1955 from 1954

End-of-day Market Overview