Epstein Secrets

Greek debt write-off once they reach budget surplus (Bud) • EU ministers may reach ECB oversight deal on December 4, officials say (Bloomberg) • Macau casino revenue +7.9% y/y in November versus median analyst estimates +8.0% • Australia near ytd highs ahead of RBA decision tomorrow (swaps show 84

Secondaries (announced/priced): KIPS, TEG GY IPO's: N/A Key Research: Barcap upgrades DUK/NI/OFS & initiates BSMX (ew), Evercore initiates T (ew), Piper cuts CF & upgrades CF, Key Research: GS upgrades EV and DELL (buy) & downgrades JNS/ELYJQLGC (sell's), DB upgrades IGT/TOT (buys), MS upgrades WSM

ion to request EU aid (may be up to €10 billion) Caretaker development minister Yiannis Stournaras mostly likely next Greek FinMin (eKathimerini) Macau names trade lower on WFC note re: visa tightening & credit card limit (CS d/g EFTA00410574 Sands China) Japan's lower house passes a bill to doub

ced/priced): MDW, ROSG IPO's: N/A Key Research: Stifel assumes RTN (buy) & GD/LMT/NOC/LLL (holds), Cantor initiates ZMH/SYK (holds) Key Research: Piper downgrades VCLK & initiates TITN (ow), Canaccord initiates MM (buy), Jefferies downgrades PEG Key Research: DB upgrades AZO (buy), JPM downgrades D

(youth unemployment 35.9%) Chen Guancheng has left the US embassy (now in Beijing medical facility and re- united with family) EFTA00414285 Wynn Macau (1128 HK) gets land grant approval for casino resort on the Cotai strip Macau gaming revenues for April rose 21.9% YoY to 25b1n patacas (inline with

wngrades UBNT, Sterne Agee initiates ANF WWW Key Research: PSX (neut) Key Research: MAS, Canaccord cuts PLX valued) and (neut), Jeff upgrades Piper initiates VIPS (ow), Bofa downgrades COP/AIZ & upgrades TRI & initiates CS upgrades IHG LN (global hotel note), BMO downgrades KSU/PSB, Citi upgrade

a mixed quarter (revenues look inline but EBITDA and RevPAR weaker) (trading -3.3%) Wynn Macau profit below ests ($759.8M vs $795.3M) on increasing Macau competition (closed -2.4%) LVMH meets estimates and revs solid (says it is well-equipped to maintain growth) (trading -0.59%) Christian Dior beat

na (buy), MS cuts RSH & upgrades NOV, Wells downgrades EW Key Research: JPM initiates FDO (ow) & DG (neut) & downgrades CVC & upgrades CP/AAP/MDC, Piper downgrades RSTI & upgrades WBC Key Research: CS initiates CHK (neut) & NBL (op) & cuts ATK, Bofa upgrades DNDN, Roth downgrades FCAL, Janney upgrad

closed -5.5%) Spanish home transactions decline most in 2 yrs as austerity measures & unemployment crimp demand Wynn Macau wins approval from the Macau government to build a resort on 51 acres in Cotai China's trade surplus narrowed for the first time in 6 months as imports +30.2 (above estimates)

RO/WSH & reiterates MMC/AON (buys), JPM upgrades CLH Key Research: Citi initiates ADS.GR (buy) & upgrades Transports & Household Personal Products, Piper downgrades DGIT Key Research: GS adds ORCL to conviction buy list & downgrades IPI (sell) / DAR & upgrades AGU/MOS/SAFM Key Research: HSBC upgrade