Good morning traders!

In the US last night, the Dow lost 118 points at 12,264, the Nasdaq fell 27 points to 2,745
and the S&P500 shed 10 points at 1,314.

In Asia today, the Nikkei was recently up 21 points at 9,576, while the Hang Seng ended
the morning ahead 51 points at 24,027.

Crude oil traded at $106.13 a barrel on Nymex.

Gold settled at $1,457 an ounce.

Happy trading!

G.

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

ABG Numis: buy, tp cut to 770 from 850
ASHM Citigroup: reiterated hold, tp raised to 350 from 340
AV. JPMorgan [HB]: reiterated overweight, tp cut to 524 from 550
BG. UniCredit: reiterated buy, tp raised to 1900 from 1800
BP. UniCredit: upgraded to buy from hold, tp raised to 570 from 550
CEY Numis: buy, tp cut to 210 from 220
CKSN Goldman: downgraded to buy from conviction buy
DGE HSBC: neutral, tp raised to 1300 from 1250
DMGT HSBC: upgraded to neutral from underweight
DXNS Morgan Stanley: underweight, tp cut to 8 from 18
EGU Numis: downgraded to hold from buy, tp cut to 840 from 860
FQM Morgan Stanley: downgraded to equal weight from overweight
FQM Numis: downgraded to add from buy, tp raised to 10000 from 8600
FRES Numis: reiterated hold, tp raised to 1580 from 1480
GSL Numis: upgraded to hold from reduce, tp raised to 200 from 140
HAS Goldman: tp cut to 149 from 153
HOC Numis: downgraded to reduce from hold, tp raised to 550 from 500
HOME RBS: reiterated hold, tp cut to 200 from 225
KAZ Numis: reiterated hold, tp cut to 1500 from 1550
MPI Credit Suisse: reiterated outperform, tp raised to 650 from 610
MPI Goldman: tp cut to 605 from 612
MRW JPMorgan: underweight, tp cut to 262 from 270
MSLH Goldman: reiterated neutral, tp cut to 130 from 132
NEX HSBC: reiterated overweight, tp cut to 265 from 295
NEX RBS: buy, tp raised to 300 from 270
POG Numis: reiterated hold, tp cut to 1000 from 1100
RDSB UniCredit: tp raised to 2800 from 2600
RRS Numis: reiterated buy, tp cut to 6400 from 7100
SBRY BarCap: equal weight, tp cut to 370 from 410
SDR Citigroup: upgraded to buy from hold
SHI Goldman: reiterated neutral, tp raised to 145 from 143
STHR Credit Suisse: outperform, tp raised to 510 from 430
TALV Numis: hold, tp cut to 500 from 515
TCG Goldman: downgraded to sell from buy, tp cut to 150 from 230
TSCO Goldman: tp cut to 520 from 530
TSCO Jeffries: reiterated hold, tp reiterated 450
TT. Goldman: reiterated neutral, tp cut to 230 from 245
WKP Investec: buy, tp raised to 37 from 30

ABG Numis: buy, tp cut to 770 from 850
ASHM Citigroup: reiterated hold, tp raised to 350 from 340
AV. JPMorgan [HB]: reiterated overweight, tp cut to 524 from 550
BG. UniCredit: reiterated buy, tp raised to 1900 from 1800
BP. UniCredit: upgraded to buy from hold, tp raised to 570 from 550
CEY Numis: buy, tp cut to 210 from 220
CKSN Goldman: downgraded to buy from conviction buy
DGE HSBC: neutral, tp raised to 1300 from 1250
DMGT HSBC: upgraded to neutral from underweight
DXNS Morgan Stanley: underweight, tp cut to 8 from 18
EGU Numis: downgraded to hold from buy, tp cut to 840 from 860
FQM Morgan Stanley: downgraded to equal weight from overweight
FQM Numis: downgraded to add from buy, tp raised to 10000 from 8600
FRES Numis: reiterated hold, tp raised to 1580 from 1480
GSL Numis: upgraded to hold from reduce, tp raised to 200 from 140
HAS Goldman: tp cut to 149 from 153
HOC Numis: downgraded to reduce from hold, tp raised to 550 from 500
HOME RBS: reiterated hold, tp cut to 200 from 225
KAZ Numis: reiterated hold, tp cut to 1500 from 1550
MPI Credit Suisse: reiterated outperform, tp raised to 650 from 610
MPI Goldman: tp cut to 605 from 612
MRW JPMorgan: underweight, tp cut to 262 from 270
MSLH Goldman: reiterated neutral, tp cut to 130 from 132
NEX HSBC: reiterated overweight, tp cut to 265 from 295
NEX RBS: buy, tp raised to 300 from 270
POG Numis: reiterated hold, tp cut to 1000 from 1100
RDSB UniCredit: tp raised to 2800 from 2600
RRS Numis: reiterated buy, tp cut to 6400 from 7100
SBRY BarCap: equal weight, tp cut to 370 from 410
SDR Citigroup: upgraded to buy from hold
SHI Goldman: reiterated neutral, tp raised to 145 from 143
STHR Credit Suisse: outperform, tp raised to 510 from 430
TALV Numis: hold, tp cut to 500 from 515
TCG Goldman: downgraded to sell from buy, tp cut to 150 from 230
TSCO Goldman: tp cut to 520 from 530
TSCO Jeffries: reiterated hold, tp reiterated 450
TT. Goldman: reiterated neutral, tp cut to 230 from 245
WKP Investec: buy, tp raised to 37 from 30

End-of-day Market Overview