Good morning traders!

In the US last night, the Dow rose 7 points at 12,240, the Nasdaq fell 8 points at 2,789
and the S&P500 lost 4 points at 1,321.

In Asia today, the Nikkei was recently down 9 points at 10,608, while the Hang Seng
ended the morning off 169 points at 22,995.

Crude oil traded at $86.95 a barrel on Nymex.

Gold settled at $1,361 an ounce.

Happy trading!

G.

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

AU. UBS [HB]: upgraded to buy from neutral, tp raised to 1800 from 1700
BAB Citigroup: reiterated buy, tp reiterated 719
BARC Morgan Stanley: reiterated overweight, tp cut to 380 from 400
BARC UBS: reiterated buy, tp reiterated 338
BG. RBS: downgraded to hold from buy, tp 1540
CSR Citigroup: reiterated hold, tp 405
CSR Goldman: reiterated buy, tp raised to 615 from 600
CSR JPMorgan: reiterated neutral, tp raised to 460 from 370
CWC BarCap: reiterated equal weight, tp cut to 58 from 60
ECM Goldman: reiterated buy, tp raised to 403 from 365
EXPN UBS [HB]: reiterated buy, tp reiterated 850
IPR Citigroup: buy, tp raised to 384 from 372
LSE UBS: reiterated neutral, tp reiterated 830
PZC RBS: hold, tp raised to 335 from 315
RB. BarCap: downgraded to equal weight from overweight, tp cut to 3260 from 4100
RB. Citigroup: reiterated buy, tp reiterated 4200
RB. Jeffries: hold, tp cut to 3100 from 3661
RB. Nomura: reiterated buy, tp cut to 3930 from 4100
RB. S&P: hold, tp cut to 3460 from 3740
RB. SocGen: buy, tp cut to 4000 from 4444
SL. Morgan Stanley: reiterated underweight, tp cut to 192 from 237
TCY Citigroup: reiterated buy, tp reiterated 560
XCH HSBC: reiterated underweight, tp cut to 30 from 90

End-of-day Market Overview