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ond ratings on review for possible downgrade Australia home-building approvals drop with softer job market, current-account deficits widens in Q1 New Zealand business confidence rises to a 12-month high on low rates and higher commodity prices Leading European Sectors: Chemicals +2.41%, Construction +1.6
MDC/NVR, KBW upgrades EDR Key Research: Nomura upgrades STAN.LN (buy), Wells upgrades APC & initiates TLLP (op), RBC downgrades IPXL Key Research: Baird upgrades AMAG, Barclays upgrades BIG & initiates AL/VNET (ew's), DB upgrades FOE (buy) Key Research: Atlantic upgrades MOS, JPM downgrades SMG, Jan
y orders -4.3% m/m vs est -2.1% (-7.8% y/y vs est -4.9%) • Australia employment change +10,700 vs est +500 (unemployment rate 5.4% vs est 5.5%) • New Zealand jobless rate surges to 13yr high (jumped from 6.8% to 7.3% in Q2 vs est 6.7%) Leading European Sectors: Luxury +0.97%, Chemicals +0.60%, Industrials
es CORT/CNQR, Raja upgrades AMNB & cuts CLH Bofa reinstates BX/LM/MS (neut's) and TROW/BEN/GS/KKR (buy's), Evercore cuts CBS, BMO upgrades CMI/HNT, Baird upgrades FMER, RBC upgrades ED/SO, Wedbush initiates CREE (op) Citi cuts LFUGOUDVN & upgrades ROSE, HSBC downgrade CSGN VX, CBK cuts LXS GY DNB dow
9 (-$1.01) Gold $1527.20 (-$5.50) ***May Labor Report @ 8:30am (Payroll Estimates: NFP +165k, PP +173k)*** ***Hong Kong, Korea, China, Taiwan and New Zealand close Monday (Dragon Boat Day)*** EU & IMF will complete review of Greece's $113B asset sale & austerity measure plan today preparing nation's 2nd
rch: Jeff initiates FINL/SGNT/NKE (buy) & CSCO/VFC (hold), Merriman initiates IRDM (buy), JPM upgrades FRX Key Research: Soleil downgrades NEE/SSI, Baird downgrades THRX/ENP/SWSH, Ticonderoga raises target JEF Reporting Pre-Open: AMWD, BTH, HYGS, NOOF Reporting Post-Close: AIRT Economic Data: May E
Entities connected to both New Zealand and Baird

Jeffrey Epstein
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Bloomberg L.P.
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Marc Rich
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Virginia Giuffre
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Norway
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Denmark
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Bill Clinton
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Julie K. Brown
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Alan Dershowitz
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Prince Charles
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Ghislaine Maxwell
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New York
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Woody Allen
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