Good morning traders!

In the US last night, the Dow tumbled 280 points at 12,290, the Nasdaq Composite lost
66 points at 2,769 and the S&P500 fell 31 points at 1,315.

In Asia today, the Nikkei was recently down 154 points at 9,565, while the Hang Seng
ended the morning off 375 points at 23,252.

WTI crude oil traded at $100.02 a barrel and gold settled at $1,540 an ounce.

Happy trading!

G.

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

AML Morgan Stanley: downgraded to equal weight from overweight, tp raised to 481 from 467
AQP Citigroup: reiterated hold, tp cut to 357 from 410
AQP Deutsche: reiterated buy, tp 400
AQP JPMorgan: reiterated overweight
BA. Deutsche: reiterated buy, tp cut to 410 from 420
BBY Deutsche: reiterated hold, tp 355
BDEV JPMorgan: overweight, tp cut to 174 from 210
BET Morgan Stanley: upgraded to overweight from equal weight, tp cut to 1150 from 1400
BKG JPMorgan: downgraded to underweight from neutral, tp raised to 1164 from 850
BPTY Morgan Stanley: overweight
BVS JPMorgan: reiterated underweight, tp cut to 453 from 520
BWY JPMorgan: downgraded to neutral from overweight, tp cut to 825 from 1082
BYG Espirito Santo: downgraded to sell from hold
CGL Morgan Stanley: upgraded to overweight from equal weight, tp raised to 504 from 430
CNE Deutsche: reiterated buy, tp reiterated 520
DAY JPMorgan: reiterated overweight, tp reiterated 157
EMG Citigroup: reiterated buy
EXPN Nomura: initiated buy, tp 905
HSX Morgan Stanley: reiterated equal weight, tp raised to 464 from 395
ICP JPMorgan: reiterated neutral
MKS Nomura: tp raised to 460 from 430
NWG JPMorgan: reiterated neutral
PIC Goldman: initiated neutral, tp 150
PSN JPMorgan: neutral, tp cut to 517 from 550
RDW JPMorgan: reiterated overweight, tp cut to 171 from 180
SHP JPMorgan: reiterated overweight, tp raised to 2280 from 2180
TALV JPMorgan: reiterated neutral
TW. JPMorgan: reiterated overweight, tp raised to 58 from 57
WOS Deutsche [HB]: reiterated hold, tp 2375
WOS UBS [HB]: reiterated neutral, tp reiterated 2165

End-of-day Market Overview