Good morning traders!

In the US last night, the Dow lost 11 points at 12,229, the Nasdaq rose a point at 2,790
and the S&P500 added a point at 1,322.

In Asia today, the Hang Seng ended the morning session down 64 points at 22,644. The
markets in Tokyo are closed today.

Crude oil traded at $87.27 a barrel on Nymex.

Gold settled at $1,361 an ounce.

Happy Friday!

G.

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

AHT HSBC: reiterated underweight, tp raised to 115 from 110
BP. HSBC: reiterated overweight, tp 580
CLLN UBS: reiterated neutral, tp raised to 387 from 335
DGE BarCap: upgraded to overweight from equal weight, tp raised to 1330 from 1150
DGE Goldman: tp cut to 1510 from 1622
DGE Nomura: reiterated buy, tp cut to 1500 from 1550
EO. Goldman: tp cut to 133 from 153
IAG RBS: initiated buy, tp 350
IHG BarCap: upgraded to overweight from equal weight, tp raised to 1590 from 1250
KGF UBS [HB]: reiterated buy, tp reiterated 285
LGEN Nomura: buy, tp raised to 171 from 150
MCB Goldman: reiterated neutral, tp cut to 165 from 201
NPE Goldman: tp cut to 703 from 770
PMO Goldman: tp cut to 2389 from 2443
RB. RBS: hold, tp cut to 3550 from 3675
RIO Citigroup: buy, tp raised to 5000 from 4200
RIO S&P: reiterated strong buy, tp raised to 5700 from 5000
RIO SocGen: reiterated buy, tp 5300
RR. Citigroup: reiterated buy, tp raised to 770 from 760
RR. Goldman: conviction buy, tp cut to 890 from 925
RR. JPMorgan: reiterated neutral, tp raised to 656 from 647
RR. Nomura: reiterated buy, tp reiterated 725
RTO Deutsche: downgraded to hold from buy, tp 117
RTO UBS: reiterated buy, tp reiterated 125
SAB RBS: tp raised to 2400 from 2350
SGE Deutsche: reiterated buy, tp 335
SHP BarCap: reiterated overweight, tp raised to 1800 from 1700
SHP Jeffries: reiterated hold, tp 1700
SHP SocGen: reiterated buy, tp raised to 1900 from 1710
SHP UBS: reiterated neutral, tp raised to 1680 from 1530
SN. Goldman: reiterated buy, tp raised to 855 from 825
SN. RBS: reiterated hold, tp raised to 695 from 596
TCY BarCap: reiterated overweight, tp raised to 620 from 600
TCY RBS: upgraded to buy from hold, tp raised to 574 from 467
TLW BarCap: reiterated overweight, tp raised to 1600 from 1575
XCH Citigroup: reiterated buy, tp cut to 100 from 180

End-of-day Market Overview