Good morning traders!

In the US last night, the Dow rose 46 points at 12,685, the Nasdaq added 16 points at
2,843 and the S&P500 gained 6 points at 1,346.

In Asia today, the Nikkei was recently up 11 points at 9,805.

WTI crude oil traded at $101 a barrel and gold settled at $1,510 an ounce.

Happy trading!

G.

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

AAL RBS: initiated buy, tp 3700
AGK Goldman: reiterated buy, tp raised to 2153 from 2012
ASC HSBC: downgraded to neutral from overweight, tp raised to 2500 from 1475
BAB UBS: initiated buy, tp 770
BLT RBS: initiated buy, tp 2850
CNA BarCap: underweight, tp raised to 320 from 295
CNA Goldman: reiterated conviction buy, tp cut to 460 from 471
CNA S&P: downgraded to buy from strong buy, tp cut to 341 from 385
COV Investec: initiated buy, tp 134
CRDA Goldman: reiterated neutral, tp raised to 2200 from 2100
GMG Goldman: reiterated sell, tp cut to 38 from 53
HSBA Nomura: reiterated neutral, tp reiterated 725
HSBA S&P: hold, tp cut to 730 from 740
HSBA UBS: reiterated neutral, tp reiterated 708
HSN Westhouse: initiated buy, tp 55
IAG RBS: reiterated buy, tp cut to 325 from 350
ISAT JPMorgan: reiterated overweight, tp reiterated 850
LMI Deutsche: reiterated hold, tp cut to 1875 from 1965
LRD UBS: reiterated buy, tp cut to 175 from 180
NWG Deutsche [HB]: tp raised to 400 from 355
OML JPMorgan: neutral, tp raised to 158 from 133
PFD Citigroup: upgraded to buy from hold, tp raised to 40 from 28
PNN Deutsche: reiterated hold, tp raised to 710 from 610
RIO RBS: initiated buy, tp 6150
RMV JPMorgan: reiterated overweight, tp raised to 1271 from 1110
RNK Credit Suisse: reiterated neutral, tp raised to 161 from 142
SDR Citigroup: downgraded to hold from buy, tp cut to 1850 from 2000
SVT Deutsche: reiterated buy, tp raised to 1700 from 1540
TCG Citigroup: downgraded to hold from buy, tp cut to 180 from 190
TCY JPMorgan: reiterated overweight
THT Espirito Santo: sell, tp cut to 30 from 66
UU. HSBC: downgraded to neutral from overweight, tp reiterated 680
VOD Credit Suisse: reiterated outperform, tp 185
VOD Nomura: reiterated buy, tp cut to 210 from 215

End-of-day Market Overview