JACK, BMO upgrades AIV, Wells downgrades R/RFMD & initiates RDEN/EL (op's) Key Research: MainFirst initiates construction sector (GEBN VX, AFGN SW, SIK SW, WIE AV, STR AV) Key Research: Exane initiates European Retailers (Apparel) Reporting Pre-Open: CCL, DRI, MOC Economic Data: No major releases E