Epstein Secrets

ointing to disappointment over the lack of a high-level agreement on TPP at the Obama/Abe press conference as well as de-risking ahead of tomorrow's Tokyo CPI numbers as reasons for the weakness. Australia and New Zealand were modestly firmer ahead of tomorrow's closure for ANZAC Day. The RBNZ raised

wngrades ARCAD NA, JPM upgrades TKAAV/NCSP LN & downgrades AFLT RU ••• Natixis upgrades MTU FP/ALO FP & cuts NOVN SW, Barcap upgrades DANSKE DC ••• Nomura downgrades ERICB SS, Nordea cuts LUPE SS & upgrades OPERA NO/NETB SS EFTA00370758 ••• Kepler upgrades LNZ AV (buy), Swedebank downgrades ERICB SS,

-1.5% vs est +0.0%) despite the RBA cutting interest rates six times since last November. In Japan, potential BOJ candidate Haruhiko Kuroda spoke in Tokyo and reiterated that a 2% inflation target is appropriate and that monetary policy alone can achieve the goal. He also commented that the yen is in a

ST & downgrades PRI and SIAL (sell), Barcap initiates USAC (ow) • Key upgrades KNX/SWFT/HTLD (buy's) Europe Key Research: • Citi downgrade TCG LN, Nomura upgrade ETL FP, JPM upgrade BBVASM, LKOH RM, NEX FP • BofAML downgrade RICHT HB, CGL LN, upgrade KOZAL TI, reinstate ABE SM (n), ATL IM (up), ••• G

s the biggest reporting day for the Nikkei 225, with 55 companies reporting results. There were some big moves in both directions with KDDI (+6.9%), Tokyo Electron (+3.7%) and Sumitomo Electric (+8.3%) on the winning side and Denso (-4.3%), Fuji Heavy (-6.9%) and Softbank (-0.95%) on the losing end. S

i downgrades BLC (sell), Citi downgrades SQM Europe Key Research: ••• UBS downgrade TKA GY, TCY LN, JPM upgrade GKN LN, initiate BPOST BB (ow) ••• Nomura initiate BPOST BB (b), upgrade ALU FP, MS initiate BPOST BB (ew) • Barc downgrade URKA LI, SDF GY, +ve IN LN, ING FP, ING upgrade VST PW ••• SocGen

n. NKY225 opened stronger and closed on its highs +2.88% as JPY weakened to a 2.5yr low vs USD (90.85). Japan's Dec CPI released before the open in Tokyo showed the 7th decline in 8 months (core CPI -0.2% y/y vs est -0.2%) and boosted speculation that the BOJ will need to re-think the timing of the ne

h Abe addressing the parliament on economic strategy on Monday and a number of earnings reports due including Honda, Nintendo, DoCoMo, Sharp, Canon, Nomura and Panasonic. Outside of Japan, SHCOMP continued to pullback from yesterday's highs which weighed on HK and the KOSPI underperformed as Samsung (-

Instinet electronic trade-execution unit. But sources said recent financial troubles at Nomura make a deal unlikely. On April 4, for example, the Tokyo bank said it would cut $1 billion of costs while pulling back from some businesses. Tourmaline works mainly with fund managers that run $50 millio

eturn even with a minority interest, assuming favorable terms. Rumors also were swirling last week that Tourmaline was about to strike a deal with Nomura, with the idea that such an acquisition would complement the bank's Instinet electronic trade-execution unit. But sources said recent financial tro