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

SLHN VX MS downgrades KNIN VX & upgrades PWTN SW, Santander downgrades EOAN GR, BofA downgrades Key Research: TLW LN Santander upgrades ENEL IM, Swedbank downgrades YAR NO, DB upgrades FP FP, HSBC upgrades EFTA00400427 Key Research: RBC upgrades ERICB SS, DB upgrades ETI FP, Berenberg initiates JAZ

in May Spain's budget minister will urge regions to deepen budget cuts (meeting in Madrid EFTA00407721 4:30pm CET) Gaming (-0.17%) DB & RBC say Macau July casino revs may drop 6%-7% on effect of typhoon Vicente Japan's unemployment rate unexpectedly declined in June to 4.3% versus estimate 4.4%

ch: Jeff downgrades PMCS & initiates CMCSA/DTV/TWC (buy's) and CHTR/CVC/DISH Wedbush downgrades LNN, Wunderlich downgrades PMCS, CS downgrades CBI Swedbank downgrades ESV, Axiom initiates X (seil), Citi removes CVC from Top DB upgrades AF FP & downgrades STL NO/ITV LN, Barcap upgrades DAI GR Nomura upg

KY225 had biggest one-day % gain in almost 2yrs - only 8 names in the index closed down on the day. Outside of Japan news flow was light except for Macau names which got slammed in HK (-5%) after a London Times article renewed fears of a major junket crackdown following the Chinese New Year (Times). O

G downgrade IM NA, RBS downgrade UBSN VX, Jeff downgrade LAF SJ, upgrade TCY LN • Medio upgrade AGL IM, Nordea upgrade AFB SS, downgrade NOD NO ••• Swedbank downgrade BILIA SS, upgrade TEL2B SS, Cana upgrade HG/ LN • Shore downgrade IPF LN, Vontobel upgrade WMN SW, ABN upgrade MHG NO Reporting Pre-Open: