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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 @
iles (Q) 23.7M shares priced at $40 (top-end) US Key Research: ••• Barrington downgrades PODD, Evercore downgrades RAX, Janney downgrades CODI ••• Mizuho downgrades OFIX, Wells initiates INFI (op) & upgrades AWK, Brean cuts MFB ••• DB initiates KBR/FLR/CBI/PWR/MTZ (buys) & MDR/JEC (holds), Jefferies c
bama puts trade at heart of agenda FT • EU leaders seek seven-year budget deal FT • QE takes a toll on emerging economies FT • MPS bailout puts Draghi mission in focus FT • New aggression from the chancellor Lex • Great rotation: reasons not to believe Lex • The shadow of 1914 falls over the P
AXLUPPG (neut's), ISI upgrades LIFE, Piper assumes VCLK (neut), Bofa upgrades ZNGA (buy) EFTA00396307 ••• Lazard initiates RPRX/NBIXNNDA (buy's), Mizuho upgrades APKT, Opco upgrades CFR & cuts ASBC • Barcap upgrades AWI/DHI & cuts RYUKBH/PHM/RLGY/TOL & initiates HCP/VTR (ew) & HCN (ow) ••• Nomura do
$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
s), APO, BIP, FLT, JMI, REN, ISIS, DE NA EFTA00390703 IPO's: Armada Hoffler Properties (AHH) 16.5M-shares priced at $11.50 US Key Research: ••• Mizuho upgrades MYGN (buy), Piper initiates CRI/PLCE (CRI), Citi upgrades AME (buy) & cuts IEX • Barcap upgrades BAX, Opco cuts CA/TWTC, Baird downgrades C
Entities connected to both Draghi and Mizuho

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barron
PERSON
Barack Obama
PERSON
Horizon
ORGANIZATIONBaird
PERSON
Piper
PERSONNomura
ORGANIZATIONJefferies
ORGANIZATIONBarcap
ORGANIZATION
Michael Jackson
PERSON
Stanford University
LOCATIONBloomberg Consumer Comfort
ORGANIZATION
Wells
ORGANIZATIONStifel
ORGANIZATION
François Hollande
PERSONMacquarie
ORGANIZATION
David Cameron
PERSON
Washington D.C.
LOCATION