Epstein Secrets

ies News) Leading European Sectors: Telco +0.28%, Trav/Les -0.13%, Chemicals -0.06% Lagging European Sectors: Real Estate -1.32%, Oil & Gas -1.02%, Utilities -1.00% MELI penny light - GCA penny better - AMEN loss worse EFTA00413483 RBCN guides eps down - FNGN eps inline - STEC sees weak q2 CQB eps mis

pras has reportedly sent a letter to the ECB/EU saying that the election results demonstrate that the terms of the bailout can no longer apply. The Troika has also cancelled its May mission to Greece according to Sueddeutsche Zeitung. EU Commissioner Maria Damanaki has called for an emergency summit on

t the risk of a euro exit over the next six months has diminished after the 17 June elections, which have produced a viable government coalition. The Troika may only accept moderate adjustments to the second Greek package. Portugal is likely to receive an increased bailout package and is unlikely to defau

preferred cyclical sectors. We also like Energy. e We are cautious on Materials, where we expect margin pressure to continue, as well as Telecom and Utilities, due to high valuations. Strategic (1 to 2 years) °¢ We like medium-sized US companies, which should benefit from robust earnings growth in the lon

ainst the ECB program and further support; a Portuguese default; a Greek euro exit before the end of 2012; or a major external shock. Key dates TBD Troika report on Greece 8 Nov ECB press conference 12 Nov Eurogroup meeting 15 Nov Eurozone GDP 3Q: first estimate 22 Nov Eurozone composite purchasing

arnings growth. Our sector stance in the US Sectors Consumer Discretionary Consumer Staples Energy Financials T Healthcare ndustrials Telecom Utilities aterials Viclelulsalel vy) vial ws Source: UBS Note: Past performance is not an indication of future returns. For further information please con