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124% as reported yesterday — noting further debt relief has been postponed to a later date (after German elections) and will likely force losses on Eurozone creditors. SHCOMP action -0.89% not helping sentiment either as it continues to break down. And the Nikkei had its 15t down day in 5 sessions. New h
OG (op) and EBAY/IACUNFLXNHOO (neut's) DB upgrades HERO/NBR/PES/PTEN (buy's) & cuts ESV/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, M
ms" according to Bloomberg EU Commission to give ECB oversight over all important banks (Handelsblatt) Finland is preparing for the break-up of the Eurozone warns foreign minister (Telegraph<http://www.telegraph.co.uk/finance/financialcrisis/9480990/Finland-prepares-for- break-up-of-eurozone.html>) Vive
tes C00 (buy) Key Research: Investec downgrades LLOY LN, MS downgrades LINTA/WLP/CERN/MCK & upgrades FM/WAG Key Research: Citi downgrades BAER VX, Macquarie downgrades XTA LN, UBS downgrades DPW GY, Capstone cuts DGI Key Research: GS downgrades GENL LN & AFR LN, GS upgrades OPHR LN, CS & Numis downgrade
cing back up this morning as Services PMIs from several European countries hit, with Spain, Germany and UK beating expectations. Hollande out saying Eurozone needs an exchange rate policy and can't allow Euro to fluctuate as markets see fit. Dell Board planned to meet last night to vote on a —$24B offer (
orecasts on FX assumptions (closed -1.20%) • Hitachi lowered net income forecast after missing ests for O3 profit (closed -6.4%) EFTA00396306 • Macquarie cut profit outlook for FI, FX & commodity trading biz (trading • Australia Dec trade deficit A$427mn vs est of A$800m deficit (exports +3% m/m, imp
ading as stop losses were =it on a downward revision in global growth forecasts by the World Ba=k from 3.4% to 3% due to the underperformance of the Eurozone, Japan and some major emerging markets despite lower oil prices. The =CJ commenting that the ECB's plans on buying government bond is legal did =itt
ns such as the 150kMT cut at Escondida and the 100 KMT=cut at Kennecott are rasing questions as to whether the global surplus exp=cted in 2015 with Macquarie expecting the market to be balanced. The late arrival of the rainy season in Zambia =nd Democratic Republic of Congo may have a significant impact o
Entities connected to both Eurozone and Macquarie

Jeffrey Epstein
PERSON
Barack Obama
PERSON
Bloomberg L.P.
ORGANIZATIONIke Groff
PERSON
Lesley Groff
PERSONVahe Stepanian
PERSON
Daniel Sabba
PERSON
United States
LOCATION
Barron
PERSON
Horizon
ORGANIZATION
Angela Merkel
PERSONBaird
PERSON
Marc Rich
PERSONUtilities
ORGANIZATION
New Zealand
LOCATION
George W. Bush
PERSON
Draghi
PERSON
Shinzo Abe
PERSONNomura
ORGANIZATIONBarcap
ORGANIZATION