Epstein Secrets

mes • Fitch downgrades Argentina by five and predicts default Telegraph • Hollande insight with threat to nationalize ArcelorMittal Telegraph • Carney a 'significant positive' for banks Telegraph • Debt deal secures Greece's place in eurozone Telegraph • Greece hails rebirth of a nation Guardian

SV/RDC/SDRL & makes BHI top pick Raja initiates DKUSXE (op's), Macquarie upgrades ETR, Bofa upgrades SCHN, Nomura cuts SHW Citi upgrades VNO (buy), Baird initiates VOD (op), DB initiates IDIX (buy) JEFF upgrade CPG LN, MS upgrade KRKA PW, RBC upgrade SVT LN, Kepler upgrade RCO FP MS upgrade ENI IM, M

m NYT<http://www.nytimes.com/2012/04/18/technology/mobile-carriers-warn-of-spectrum-crisis- others-see-hyperbole.html> Speedy economic recovery has Carney hinting of a rate rise Globe and Mail<http://www.theglobeandmail.com/report-on-business/economy/interest-rates/speedy- economic-recovery-has-carney-

buy) & reinstates ANR/BTU (buys) / ACI/CNX (up's), JPM downgrades DNB Key Research: Citi upgrades BN FP/ING (buy's), CBE/AYI (ow's) Key Research: Baird upgrades MCEP & initiates FMS (neut), DB upgrades CHRW/SEMG (buys) Key Research: GS resumes ETP (neut), SocGen adds BN FP to Premium List, BMO down

ptimism WSJ • IBM Finds Itself Singing the Growth Blues WSJ Heard on the Street • Optimism of Vodafone deal as buyer sees tax light The Times • Carney warns Britain is a 'crisis economy" Telegraph • Financial transaction tax contravenes G20 agreements Telegraph • The IMF is flunking the financia

itiates WCG (hold) and GASS (buy)b. Riley intiates ADBE (buy) • Citi initiates AMP (buy), KBW upgrades AF/ETFC/TOL, DB upgrades AN, CS cuts VVVVW e Baird downgrades COH, JPM downgrades FCS, Raja downgrades TXNm DB upgrades UBS (buy) Europe Key Research: • UBS add LG FP to most pref - HOLN VX removed,