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makers China's Ministry of Railways increased spending on railroads and bridges for the 2nd time this month CBRC plans to conduct stress tests for Shanghai banks in H2 to gauge property lending & liquidity risks India held rates at 8% as expected (cut SLR to 23% from 24%) (cut GDP & raised inflation f
upgrades BSFT (buy), Wells upgrades CXO Key Research: Atlantic upgrades S, JPM downgrades DNDN, Piper cuts VRTX & upgrades NSPH/LMNX Key Research: Barcap downgrades AJG/BRO, Think inititates RLOC (buy), MS initiates EXC (ew) Key Research: Bern upgrades FB, DB cuts DNDN/TCK & initiates ASGN (buy) & rei
e under pressure (CR Power -9.6%, CR Ent -4.2, CR Cement -4.1%) following reports that China anti-corruption agency is investigating their chairman. Shanghai saw a late day rally after struggling most of the day on IPO resumption concerns. The Kospi managed to close above 2000 as foreign and pension mone
ce Holdings (1598665) files for $100M IPO through Citi, Papa Murphy's Holdings (FRSH) launches IPO (anticipated pricing May 1) US Key Research: • Barcap downgrades QEP, Brean initiates FSLR/SPWR (buy) & SUNE (hold) ••• Cantor upgrades NFLX (buy), Citi upgrades SRPT, CS upgrades FB ••• GS initiates H
spinoff & list its telecom operations as business trust (trading +5%) China "very close" to starting a board for listing of overseas companies in Shanghai (global manufacturers to have priority) Finland's economy grew faster than expected (led by investments) as expansion in northernmost euro member e
downgrades ALL & raises target VRUS Key Research: ISI Group initiates BMY (hold), Wedbush initiates CERS (op), Wells downgrades FRO Key Research: Barcap upgrades ARUN, Piper upgrades ZQK, Janney upgrades NWY, CS downgrades FDO Key Research: Jeff initiates FINL/SGNT/NKE (buy) & CSCO/VFC (hold), Merri
rers to invest in Chinext IPOs and also on comments from the CSRC recommending large corporates whose share price is sub-book to conduct buy backs. Shanghai struggled to hold onto gains on the usual IPO related liquidity concerns and ahead of tomorrow's release of December CPI/PPI data. South Korea under
CDR, RSE, KGX GY IPO's: City Office REIT (OFFC) files for $115M IPO through Janney and Wunderlich US Key Research: Bofa upgrades IART & cuts TCS, Barcap cuts HUMIMGLN, Berenberg cuts VECO • BMO downgrades LLY, BTIG initiates BSX/ELGX/STJ (buy) & MDT (neut) ••• Compass point downgrades KFN, CRT initi
Hong Kong outperformed as it grinded higher to close near the highs led by the heavily shorted names and the HSI firmly reclaimed the 20,000 level. Shanghai struggled a bit but did manage to eke out a small gain, but the divergence in the NH spreads on dual listed names was notable as several were larger
0 (below), Green REIT plc IPO launch (€200M+ thru JPM & Davy, pricing July 12) IPO's (lock-up expires): Tumi Holdings (TUMI) US Key Research: ••• Barcap reinstates NDAQ (ow), Citi downgrades MOSNHS, DB initiates ADS (buy) ••• Jefferies upgrades ADBE (buy), JPM upgrades BSAC & downgrades RBCN ••• Pip
Entities connected to both Shanghai and Barcap

Jeffrey Epstein
PERSON
Lesley Groff
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George W. Bush
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Barack Obama
PERSON
United States
LOCATION
Michael Jackson
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Bloomberg L.P.
ORGANIZATIONIke Groff
PERSON
Marc Rich
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Stephen Hawking
PERSON
Ghislaine Maxwell
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Samantha Power
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Michigan
LOCATIONLeon Black
PERSON
Barron
PERSON
Eric Trump
PERSON
Seattle
LOCATIONBaird
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Peter Mandelson
PERSON
Bill Clinton
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