Good morning traders!

In the US last night, the Dow lost 69 points at 12,480, Nasdaq was unchanged at 2,783
and the S&P500 flat at 1,329.

In Asia today, the Nikkei was recently up 111 points at 9,678, while the Hang Seng ended
the morning ahead 116 points at 23,017.

WTI crude oil traded at $97.82 a barrel and gold settled at $1,492 an ounce.

Happy trading!

G.

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

ABG JPMorgan: reiterated overweight
ARM Morgan Stanley: reiterated overweight, tp reiterated 625
ARM Nomura: reiterated neutral, tp reiterated 570
ARM UBS: reiterated neutral, tp 615
ASHM HSBC: reiterated overweight, tp raised to 420 from 410
AV. S&P: buy, tp raised to 556 from 540
BAB UBS: reiterated buy, tp raised to 800 from 770
BATS Nomura: reiterated buy, tp raised to 2950 from 2800
BG. UBS: upgraded to buy from neutral, tp reiterated 1550
BP. Morgan Stanley: equal weight, tp cut to 530 from 540
BP. UBS [HB]: reiterated buy, tp reiterated 550
CNE Morgan Stanley: reiterated overweight, tp reiterated 540
DGE JPMorgan: reiterated underweight, tp raised to 1135 from 1120
DGO Nomura: reiterated buy, tp raised to 795 from 755
ESSR Morgan Stanley: upgraded to equal weight from underweight, tp cut to 420 from 425
ETI Citigroup: reiterated hold, tp cut to 90 from 109
ETI Credit Suisse: outperform, tp cut to 114 from 173
FXPO Morgan Stanley: reiterated overweight, tp reiterated 580
HSV UBS: reiterated buy, tp 510
NEX HSBC: reiterated overweight, tp raised to 295 from 265
RBS HSBC: reiterated overweight, tp reiterated 75
RR. Citigroup: reiterated buy, tp cut to 740 from 770
SHP Goldman: reiterated conviction buy
SSE HSBC: reiterated neutral, tp raised to 1380 from 1290
SSE JPMorgan: underweight, tp 1060
VOD Citigroup [HB]: reiterated buy, tp 195
VOD JPMorgan [HB]: reiterated overweight, tp 225
VOD Morgan Stanley: reiterated overweight, tp reiterated 225
VOD Nomura: reiterated buy, tp reiterated 210
VOD S&P: upgraded to buy from hold
VOD UBS [HB]: reiterated neutral, tp 170
YELL Citigroup: reiterated sell, tp reiterated 4
YELL JPMorgan: reiterated neutral, tp reiterated 7.5
YELL Nomura: reiterated reduce, tp 0

End-of-day Market Overview