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

BV FH #'s light — KCR1V FH #'s weak Secondaries (announced/priced): CTXS ($1.25B convert), HEAR, NSLP, AGIO, HASI, SXCP, YGE, TNP, SRPT IPO's: N/A US Key Research: DB upgrades MTB/MSTR (buy), Maxim initiates YY (buy), KBW upgrades CFR ir Key downgrades FR, Opco upgrades HMSY, BMO initiates NXPI (op) ••• Bofa

ts were higher overnight reversing some of yesterday's selloff, especially in Japan where the NKY225 hit its highest level since Sept 2008. Gains in Tokyo were yen-led after the current BOJ governor, Masaaki Shirakawa announced his intention to end his term 3 weeks early, on Mar 19th. This accelerates

($440M convert), TICC, WNS IPO's (filed/priced): Boise Cascade (BCC) 11.8M shares priced at $21 IPO's (lock-up expires): Manchester United (MANU) US Key Research: ••• JMP upgrades AGN, JPM downgrades TRMB/ACI, Citi upgrades CG/GCI & downgrades SLGN/CNC/MNI • CLSA downgrades DELL & upgrades CHD, Raja downgrad

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

s missed QCOR sales gained — RVBD sees eps/revs below — SIMG topped Secondaries (announced/priced): NLCH, TRS, STNG, BCRX, CUZ, FER SM IPO's: N/A US Key Research: ••• Atlantic downgrades XYL, Jefferies downgrades OPTR, Wells cuts NVDA/ROK & upgrades TVL ••• BMO cuts DCI, RBC upgrades GGP, SunTrust initiates