Epstein Secrets

to 7.6% from 7.7% which also dampened sentiment. South Korea outperformed as it spiked in the final minutes on a foreign MOC program which took the Kospi into positive territory. Phanna names are in focus in India after Sun Pharmaceutical (+1.1% currently) announced an all-stock deal to buy out Ranbax

••• Opco downgrades ANN, HSBC upgrades C, ISI upgrades EGN (strong buy), MS cuts RDC ••• PacCrest upgrades INTC, RBC upgrades KND, GS upgrades JBLU, Wells upgrades LII Europe Key Research: • Banca IMI upgrades TFI IM, Banco Santander upgrades CABK SM, Barcap upgrades GRT SJ • Berenberg downgrades OSR

23 Sep 2011 10:24:32 +0000 Good Morning ... European Markets off 50-150 bps (Greece -3.4%) ... Nikkei closed for holiday (China -0.40%, HSI -1.36%, Kospi -5.7%) EUR 1.3476 (+0.09%) JPY 76.24 (+0.01%) Copper -4.6% Silver -7.6% 10yr 1.74% 30yr 2.81% Futures: Dow -20, Nasdaq -1, III -2 DXY 78.35 (

tailers & initiates PPG/NLY (neutrals) & AGNC (buy), BNP upgrades BBVA Key Research: Wells resumes CRL/CVD/PPDI/ICLR/PRXL, Bofa upgrades VFC (buy), Wells initiates WX (op) Reporting Pre-Open: CADC, KBH Economic Data: no major releases Fed's Dudley speaks at Bretton Woods @ 1:30pm, Fed's Williams sp

led to hold the 99 level in the AM session but regained it for the PM, further boosting exporters. Retail was also supportive with Mothers +11%. The Kospi, on the other hand, underperformed as it was weighed from rotation out of South Korea (especially autos) and into Japan. Outside of Japan, the RBA u

O (mp) & JCP (up) ;••• William Blair initiates CMRX (op), Opco upgrades APO, Piper initiates OMTH (ow), JPM downgrades RBS ;••• JMP downgrades IRF, Wells initiates WAC (mp) Europe Key Research: ••• JP upgrade VK FP, initiate ESUR LN (ow), HTY LN (ow), downgrade RBS LN, ADM LN, GS initiate HTY LN (b),