Market Watch news.. 7:01a J.P.

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Market Watch news.. 7:01a J.P. Morgan 2Q n

J.P. Morgan 2Q net income $6.5B vs. $4.96B

Pfizer target cut to $30 from $32: Jefferies

Pfizer cut to hold from buy: Jefferies

Bristol-Myers target cut to $49 vs $53: Jefferies

Bristol-Myers prior rating was buy: Jefferies

Bristol-Myers Squibb cut to hold: Jefferies

Hong Kong H shares lose 1.2% to 9,433.66

Hang Seng Index ends down 0.8% at 21,277.28

Schneider Electric off 4% after Invensys bid

Invensys jumps 16% on bid from Schneider

FTSE 100 index up 0.3% to 6,564.47

French CAC 40 index up 0.4% to 3,884.84

German DAX 30 index up 0.5% to 8,198.89

Stoxx Europe 600 index up 0.4% to 297.59

Shanghai Composite ends down 1.6% at 2,039.49

Macquarie cuts China 2014 GDP growth view to 6.9%

Shanghai Composite drops 0.3% in initial trading

Hong Kong H shares drop 0.1% in early moves

Hang Seng Index flat in opening minutes