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2102 of €86.5 billion. ECB/BOE decisions coming up and likely to stay on hold on all fronts & focus will be on any additional commentary out of the Draghi press conference. European markets opened higher after a huge de-risk day yesterday but rolled off the highs on some headlines from MNI Newswire say
beyond the fiscal cliff Lex • Wall St alarm as Obama faces gridlock The Times • Merkel warns David Cameron over talk of EU exit The Times • The Bankia banker who 'didn't understand anything' The Times • 'Build ring-fences or we will force you' The Times • Anger in Athens as Greek austerity measu
$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
has regulators on the run FT • Kenya: another unexpected hefty cut FT • Britain to look at forcing open Europe services market FT • Qatar eyes Bankia stake in parent of British Airways and Iberia FT • Cameron plans trip to China despite stand-off over Dalai Lama FT • Differences put aside as Be
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
lining, reduce guidance (trading -10.3%) • Stolt Nielsen O2 EPS & EBIT beats, revs better, clean op income below, cautious tone (trading -1.1%) • Bankia receives Moody's downgrade, cut to B1 with negative outlook (trading -4.4%) • Liberty Global said unlikely to raise Kabel Deutschland bid after Vod
Entities connected to both Draghi and Bankia

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATIONBaird
PERSON
Piper
PERSON
Barron
PERSON
Barack Obama
PERSONBarcap
ORGANIZATION
Horizon
ORGANIZATION
François Hollande
PERSON
Angela Merkel
PERSON
Stanford University
LOCATIONBloomberg Consumer Comfort
ORGANIZATION
David Cameron
PERSON
Wells
ORGANIZATION
Washington D.C.
LOCATION
Seattle
LOCATIONOsborne
PERSONBB&T
ORGANIZATIONUtilities
ORGANIZATION