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oday and speakers include: David Cameron, Boris Johnson, George Osborne, Christine Lagarde, and Wolfgang Schauble. This is the same conference that Draghi delivered his "whatever it takes" speech last July. Jobless claims coming up at 8:30am in the US. SPA's -1 handle = 1627 last. ***Jobless Claims @
TU LN, ATK LN, upgrade CLN VX, DB upgrade BG/ LN ••• MS add IHG LN to best ideas, BofAML downgrade PFV GY, MRW LN, NOEJ GY • Cana downgrade CSR LN, Oriel downgrade BBY LN, SGC LN, upgrade NEX LN ••• SocGen upgrade BBVA SM, Medio initiate MSK LN (op), Beren downgrade DIA IM, u/g ETL FP • RBC downgrade
$1452.50 (+$3.70) Copper +0.51% Silver -0.13% Asia was firmer across the board overnight following strong EU macro data and dovish comments from Draghi. Sentiment was helped after China export and import data for April came in better than expected with exports up 14.7% and imports up 16.8%. Austral
M GY, Numis downgrade MARS LN • Equita downgrade A2A IM, Numis downgrade IHG LN, Kepler Chev downgrade FRA GY, upgrade G1AGY MAQ downgrade NEOJ GY, Oriel downgrade HSX LN, Panmure downgrade SBRY LN, upgrade CMS LN Reporting Pre-Open: CTSH, LINTA, ALE, AOL, ARQL, ATRS, BIOD, BOFI, CASM, CBMX, CECE, CLM
e and diverted to land in Vienna under suspicions Snowden may be on board (he wasn't). It's a 1/2 day in the US today (1pm close). ECB tomorrow and Draghi will likely deliver a dovish message and will prob be asked about Portugal etc. SPA's -9 handles = 1597.50 last. **TS equity markets close early to
key buy list — WMH LN, SIG LN cut, Barclays upgrades EBS AV & RIBH AV • UBS upgrade & add ARM LN to key call list — RBS LN removed, upgrade RRS LN, Oriel upgrades RTO LN ••• UBS make AVV LN most pref stock — replaces FENR LN, HSV LN least pref stock — replaces RSW LN ••• MS resume LSE LN (ow), DB dow
Entities connected to both Draghi and Oriel
Ike Groff
PERSON
Lesley Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Jeffrey Epstein
PERSON
Horizon
ORGANIZATION
Barack Obama
PERSON
Ghislaine Maxwell
PERSONBaird
PERSON
Barron
PERSONBarcap
ORGANIZATION
Stanford University
LOCATIONJefferies
ORGANIZATIONBloomberg Consumer Comfort
ORGANIZATION
Angela Merkel
PERSONStifel
ORGANIZATION
George W. Bush
PERSON
David Cameron
PERSON
Wells
ORGANIZATIONNomura
ORGANIZATIONMizuho
ORGANIZATION