Good morning traders!

In the US last night, the Dow lost 42 points at 12,227, the Nasdaq fell 13 points at 2,804
and the S&P500 shed 4 points at 1,328.

In Asia today, the Nikkei was recently up 57 points at 10,803, while the Hang Seng ended
the morning ahead 141 points at 23,041.

Crude oil traded at $84.60 a barrel on Nymex.

Gold settled at $1,373 an ounce.

Happy trading!

G.

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

AMEC Morgan Stanley: downgraded to underweight from equal weight, tp cut to 1080 from 1250
BARC Goldman: tp raised to 348 from 335
BARC JPMorgan: reiterated neutral, tp reiterated 320
BARC Nomura: reiterated neutral, tp raised to 340 from 300
BARC UBS: downgraded to neutral from buy, tp raised to 350 from 338
BG. UniCredit: initiated buy, tp 1800
BLND HSBC: upgraded to overweight from neutral, tp raised to 620 from 530
BLND JPMorgan: reiterated overweight, tp reiterated 625
BLND S&P: buy, tp raised to 645 from 643
BT.A HSBC: reiterated neutral, tp raised to 200 from 153
BT.A Morgan Stanley: reiterated equal weight, tp 200
CAPC HSBC: reiterated underweight, tp raised to 140 from 100
CCC UBS: upgraded to neutral from sell, tp raised to 490 from 470
CGL Morgan Stanley: equal weight, tp raised to 430 from 424
CHTR BarCap: initiated overweight, tp 1012
CKSN BarCap: initiated overweight, tp 840
CSCG HSBC: reiterated underweight, tp raised to 330 from 310
DLN HSBC: upgraded to neutral from underweight, tp raised to 1630 from 950
DRX Citigroup: reiterated hold, tp reiterated 405
GPOR HSBC: upgraded to neutral from underweight, tp raised to 380 from 220
HL. Citigroup: upgraded to buy from hold, tp raised to 685 from 585
HMSO HSBC: reiterated underweight, tp raised to 420 from 360
IHG JPMorgan: reiterated overweight, tp reiterated 1586
IMI BarCap: initiated overweight, tp 1037
INCH Citigroup: reiterated buy, tp raised to 470 from 400
ISYS BarCap: initiated overweight, tp 385
LAND HSBC: upgraded to neutral from underweight, tp raised to 720 from 630
MCRO JPMorgan: reiterated overweight, tp cut to 410 from 440
MGCR BarCap: initiated overweight, tp 305
PFD Credit Suisse: upgraded to outperform from neutral, tp raised to 38 from 25
PRTY Morgan Stanley: overweight, tp raised to 350 from 340
PRU Morgan Stanley: reiterated overweight, tp raised to 855 from 802
RKH Goldman: conviction buy, tp cut to 640 from 729
ROR BarCap: initiated equal weight, tp 1815
RR. Morgan Stanley: reiterated overweight, tp reiterated 800
RR. UBS: upgraded to neutral from sell, tp raised to 660 from 500
SGRO HSBC: reiterated underweight, tp raised to 270 from 230
SHB HSBC: reiterated neutral, tp raised to 480 from 400
SMIN BarCap: initiated equal weight
SXS BarCap: initiated equal weight, tp 1440
VOD HSBC: reiterated overweight, tp raised to 230 from 190
WEIR BarCap: initiated underweight
WKP HSBC: reiterated underweight, tp raised to 24 from 19
YELL Citigroup: reiterated sell, tp cut to 4 from 11
YELL Goldman: reiterated sell, tp cut to 7 from 8

End-of-day Market Overview