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

Good morning traders!

In the US last night, the Dow fell 168 points at 12,058, the Nasdaq lost 45 points at
2,737 and the S&P500 shed 21 points at 1,306.

In Asia today, the Nikkei was recently down 250 points at 10,504, while the Hang Seng
ended the morning off 413 points at 22,983.

Crude oil traded at $100 a barrel on Nymex.

Gold settled at $1,430 an ounce.

Happy trading!

G.

ABF Citigroup: downgraded to hold from buy, tp cut to 1070 from 1200
ABF Deutsche: upgraded to hold from sell
ABF Morgan Stanley: reiterated equal weight, tp cut to 1100 from 1150
AIE Investec: downgraded to hold from buy
AML Peel Hunt: upgraded to hold from sell
ASHM Citigroup: reiterated hold, tp cut to 340 from 365
ASHM JPMorgan: reiterated neutral
ASHM UBS: upgraded to buy from neutral, tp raised to 380 from 370
AZN UBS: downgraded to neutral from buy, tp cut to 3125 from 3700
BATS RBS: hold, tp raised to 2580 from 2530
CKSN Altium: buy, tp raised to 827 from 718
CKSN Citigroup: reiterated buy, tp 900
CKSN JPMorgan: reiterated overweight, tp reiterated 800
CPI HSBC: reiterated underweight, tp raised to 660 from 620
DGE Investec: hold, tp cut to 1250 from 1320
FLTR JPMorgan: reiterated overweight
FWEB Evolution: tp raised to 120 from 95
GKN Citigroup: reiterated hold, tp raised to 220 from 215
GKN Credit Suisse: reiterated neutral, tp 243
GKN JPMorgan: reiterated overweight, tp raised to 240 from 227
HMV Arden: downgraded to reduce from neutral, tp cut to 15 from 25
HMV Citigroup [HB]: reiterated hold, tp cut to 18 from 30
HMV Espirito Santo: tp cut to 10 from 20
HMV UBS: reiterated neutral, tp cut to 17 from 24
IAG UBS: reiterated buy, tp raised to 320 from 290
IMG Goldman: reiterated buy, tp raised to 660 from 600
ISAT Citigroup: initiated buy, tp 850
ITRK UBS: reiterated neutral, tp 1800
MGGT JPMorgan: reiterated overweight, tp raised to 488 from 476
MONY UBS: reiterated neutral, tp raised to 95 from 82
MSY JPMorgan: downgraded to neutral from overweight, tp cut to 360 from 366
NXT Nomura: reiterated buy, tp cut to 2600 from 2650
PFC Deutsche: reiterated hold, tp cut to 1470 from 1540
PFG Citigroup: reiterated sell, tp reiterated 770
PFG Credit Suisse: downgraded to neutral from outperform, tp 1040
PRW JPMorgan: reiterated overweight, tp reiterated 140
PSN Citigroup [HB]: reiterated buy, tp reiterated 635
PSN Deutsche: buy, tp raised to 508 from 507
RDW Goldman: reiterated neutral, tp raised to 151 from 142
ROR Citigroup: reiterated hold, tp 1716
ROR Investec: hold, tp raised to 1770 from 1460
RSL JPMorgan: reiterated underweight, tp raised to 282 from 254
RWA Investec: buy, tp raised to 430 from 345
TSCO Citigroup: sell, tp 385
UBM BarCap: tp cut to 720 from 755
UBM Deutsche: tp cut to 760 from 810
UBM Nomura: reiterated reduce, tp cut to 665 from 683
UBM Peel Hunt: upgraded to buy from hold

Midday Market Overview