Good morning traders!

In the US last night, the Dow rose 76 points at 12,760, the Nasdaq added 29 points at
2,872 and the S&P500 gained 11 points at 1,357.

In Asia today, the Nikkei was recently up 38 points at 9,857, while the Hang Seng ended
the morning ahead 69 points at 23,405.

WTI crude oil traded at $103.91 a barrel and gold settled at $1,523 an ounce.

Happy trading!

G.

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

ADM UBS: reiterated buy, tp raised to 1870 from 1800
AFR Morgan Stanley: reiterated overweight, tp cut to 215 from 220
ARM Morgan Stanley: reiterated overweight, tp 625
BG. Credit Suisse: reiterated outperform, tp cut to 1710 from 1790
BG. UBS: reiterated neutral, tp 1550
BG. UniCredit: reiterated buy, tp cut to 1800 from 1900
BWNG UBS: reiterated neutral, tp raised to 300 from 290
CNE Morgan Stanley: reiterated overweight, tp cut to 540 from 570
COV Morgan Stanley: overweight, tp cut to 140 from 145
CPI Citigroup: reiterated buy, tp 780
CSR Citigroup: reiterated hold, tp reiterated 405
CSR RBS: hold, tp cut to 400 from 425
CSR UBS: reiterated buy, tp cut to 500 from 530
EZJ RBS: hold, tp cut to 375 from 440
EZJ UBS: reiterated buy, tp reiterated 420
IHG UBS: reiterated sell, tp raised to 1080 from 1050
IMT Nomura: reiterated buy, tp reiterated 2450
MKS JPMorgan: upgraded to overweight from underweight, tp raised to 460 from 310
PIC JPMorgan: reiterated overweight, tp cut to 180 from 225
PIC RBS [HB]: buy, tp cut to 125 from 237
PMO Morgan Stanley: reiterated equal weight, tp raised to 2090 from 2075
RB. Goldman: downgraded to buy from conviction buy, tp cut to 4170 from 4330
REL Nomura: reiterated buy, tp reiterated 682
REL UBS: reiterated buy, tp reiterated 650
SIA Morgan Stanley: reiterated overweight, tp cut to 430 from 440
SIA UniCredit: initiated buy, tp 422
SMDR Morgan Stanley: reiterated equal weight, tp cut to 310 from 315
SPX UBS: reiterated neutral, tp raised to 2050 from 1900
TLW Morgan Stanley: reiterated overweight, tp raised to 1580 from 1550

End-of-day Market Overview