Good morning traders!

In the US last night, the Dow tumbled 178 points at 12,213, the Nasdaq Composite lost
78 points at 2,756 and the S&P500 slid 28 points to 1,315.

In Asia today, the Nikkei was recently down 91 points at 10,574, while the Hang Seng
ended the morning off 100 points at 22,891.

Crude oil traded at $95.63 a barrel on Nymex.

Gold settled at $1,398 an ounce.

Happy trading!

G.

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

A couple of good statements today amid the general market gloom:

(GHH) "..our financial year has started positively with trading ahead of management expectations in the first four months.."

(AND) "..Andor reports that trading has continued to be strong with all regions showing growth over the same period last year.."

ABF Nomura: reiterated buy, tp cut to 1240 from 1290
ADM UBS: reiterated buy, tp reiterated 1800
AGS UBS: reiterated buy, tp reiterated 165
AVM JPMorgan: overweight
BARC Citigroup: reiterated hold, tp raised to 338 from 294
BLT JPMorgan: reiterated neutral, tp 2700
CCL Nomura: reiterated buy, tp cut to 3450 from 3800
CRDA BarCap: reiterated underweight, tp raised to 1523 from 1433
CRDA Citigroup: reiterated buy, tp reiterated 1750
CRDA HSBC: reiterated overweight, tp raised to 1750 from 1650
DRX JPMorgan: reiterated underweight, tp cut to 360 from 370
DRX Nomura: reiterated neutral, tp cut to 380 from 425
EAGA Goldman: tp raised to 120 from 75
FLYB RBS: reiterated buy, tp cut to 370 from 380
GSK JPMorgan: reiterated neutral, tp reiterated 1320
HMSO Credit Suisse: outperform, tp raised to 476 from 469
HMSO UBS: reiterated neutral, tp raised to 480 from 450
INF BarCap: reiterated overweight, tp raised to 500 from 495
INF Nomura: reiterated buy, tp raised to 482 from 476
MNDI Goldman: tp cut to 620 from 631
NTG Goldman: tp raised to 331 from 290
PDG Citigroup: reiterated buy
SRP UBS: reiterated buy, tp reiterated 640
TATE Citigroup [HB]: downgraded to hold from buy, tp raised to 600
UBM UBS: reiterated neutral, tp 680
XTA Citigroup: reiterated buy, tp reiterated 2011
YELL BarCap: reiterated underweight, tp cut to 5 from 8

Midday Market Overview