Good morning traders!

In the US last night, the Dow rose 81 points at 12,560, the Nasdaq added 32 points at
2,815 and the S&P500 gained 12 points at 1,341.

In Asia today, the Nikkei was recently down 30 points at 9,632, while the Hang Seng
ended the morning up 178 points at 23,189.

WTI crude oil traded at $100.40 a barrel and gold settled at $1,497 an ounce.

Happy trading!

G.

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

ARM Goldman: reiterated buy, tp 800
BAB RBS: reiterated buy, tp raised to 780 from 650
BATS JPMorgan: reiterated overweight
BDEV UBS [HB]: reiterated buy, tp reiterated 135
CCL UBS: reiterated buy, tp 2900
CPG Citigroup: reiterated buy, tp 630
CPG Goldman: reiterated neutral, tp cut to 655 from 660
CPG S&P: buy, tp raised to 631 from 615
ECM UBS: reiterated neutral, tp raised to 300 from 290
EXPN UBS [HB]: reiterated buy, tp raised to 900 from 850
FGP Goldman: reiterated neutral, tp raised to 380 from 370
IAP BarCap: overweight, tp cut to 640 from 675
IAP Goldman: reiterated buy, tp reiterated 640
IRV UBS: reiterated sell, tp raised to 210 from 195
KGF UBS [HB]: reiterated buy, tp raised to 310 from 285
LLOY BarCap: reiterated underweight, tp cut to 47 from 52
LOG UniCredit: initiated hold, tp 155
MTC JPMorgan: reiterated neutral
MTC UBS: reiterated neutral, tp raised to 440 from 410
RSL BarCap: overweight, tp raised to 375 from 336
SHP Goldman: reiterated conviction buy, tp 2300
SHP UBS: reiterated neutral, tp reiterated 1850
SSE Goldman: reiterated sell, tp raised to 1203 from 1200
SSE Nomura: reduce, tp 1110
SXS Goldman: reiterated conviction buy, tp raised to 2100 from 2010

Glencore (GLEN) IPO at 530p, valuing company at 36.7bn. Heavily oversubscribed.

End-of-day Market Overview