>>> US Gapping down

Gapping down
In reaction to disappointing earnings/guidance
: OIBR -5.7%

Select EU financial related names showing weakness: RBS -2.6%, SAN -2.5%, BCS -2.3%, ING -2%, HSBC -1.6%

Select metals/mining stocks trading lower: VALE -3.7%, RIO -3.3%, CLF -3.1%, BHP -2.8%, MT -2.3%, FCX -1.9%

Select oil/gas related names showing early weakness: SDRL -6.5%, PBR -5.8%, SSL -5.5%, STO -4.5%, BP -4%, TOT -3.4%, RDS.A -3.1%, XOM -1.4%

Other news: PTNR -12.4% (reports the interest rate for the Series D notes for the period commencing on December 31, 2014 and ending on March 30, 2015), CEL -12.4% (still checking), BCLI -8% (announces final analysis of Phase 2a ALS study), NBG -7.1% (related to German news reports of potential Greece exit from Euro)

Analyst comments: GRFS -2.7% (downgraded to Neutral from Overweight at JP Morgan), SNY -2.6% (downgraded to Underweight from Neutral at JP Morgan), UA -2.1% (downgraded to Hold from Buy at Jefferies), GSK -2% (downgraded to Underweight from Neutral at JP Morgan), CAT -2% (downgraded to Underweight from Neutral at JP Morgan), ALXN -1.9% (downgraded to Neutral from Buy at Nomura), FCH -1.5% (downgraded to Neutral from Buy at Goldman), PCYC -1.5% (downgraded to Neutral from Buy at Nomura), LLTC -1.5% (downgraded to Neutral from Outperform at Macquarie), SBUX -1.2% (downgraded to Neutral from Buy at Janney), BAX -1.2% (downgraded to Underweight from Equal-Weight at Morgan Stanley), BWLD -1.2% (downgraded to Neutral from Outperform at Robert W. Baird), GIS -1.1% (downgraded to Underperform from Neutral at BofA/Merrill), AOS -1% (downgraded to Market Perform from Outperform at Northland ), F -0.9% (downgraded to Neutral from Buy at Citigroup), VTR -0.8% (downgraded to Outperform at RBC Capital Mkts), WFC -0.6% (downgraded to Neutral from Outperform at Robert W. Baird), BIIB -0.5% (downgraded to Neutral from Buy at Nomura)