Epstein Secrets

MainFirst upgrades DSV DC, PWTN SW, KNIN VX & downgrades MAERSKB DC, SEB downgrades KCR1V FH ••• SNS downgrades KPN NA, Sparebank downgrades TGS NO, Nordea upgrades PRS NO Reporting Pre-Open: ABC, BSX, CHTR, CI, CLX, CMS, CMI, DLPH, EQT, ICE, LVLT, MMC, MHFI, OXY, PM, PPL, RL, SNA, TE, TDC, VMC, WEC, X

ty & Unit Labor Costs / Jobless Claims @ 8:30am, Bloomberg Consumer Comfort @ 9:45am, Factory Orders / Durab

des TKAAV/NCSP LN & downgrades AFLT RU ••• Natixis upgrades MTU FP/ALO FP & cuts NOVN SW, Barcap upgrades DANSKE DC ••• Nomura downgrades ERICB SS, Nordea cuts LUPE SS & upgrades OPERA NO/NETB SS EFTA00370758 ••• Kepler upgrades LNZ AV (buy), Swedebank downgrades ERICB SS, Pareto cuts HEX NO (sell)

els of the after-hours strength in the US following earnings beats from the likes of AAPL, FB, CTXS, TXN, etc. On the M&A front, Alstom +13% on the Bloomberg story that GE is interested in buying them for $13B although Alstom says they are unaware of any potential bid. Other than that it is the heaviest e

• Commerzbank upgrades WCH GY, JPM upgrades ADP FP & downgrades FFtA GY, Baader downgrades BEI GY ••• Kepler initiates F IM (reduce) & HAW GY (buy), Nordea downgrades VWS DC, Exane upgrades CBK GY ••• Investec upgrades HSBA LN, Shorecap downgrades DGE LN, HSBC adds LHA GY to Europe Super Ten portfolio

in Second Quarter HITC • India's Fear of Growth Bloomberg • Why Is U.S. Economic Mobility Worse in the Sou

OAN GY (s), dig CNA LN EFTA00396445 ••• ING 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

o $780mn, faces major sanctions as a result (trading +1.0%) • Monte Paschi may disclose as early as today the size of losses masked by derivatives (Bloomberg) • Ireland and Portugal are looking to tap ECB's OMT bond-buying program according to Die Welt (MNI) • Former popular party treasurer Barcenas to

S LN, MBTN SW ••• Jeff top pharma pick SAN FP, Cana upgrade CGL IM, Equinet downgrade IVG GY, Espirito downgrade GRG LN ••• Beren downgrade NRX FP, Nordea downgrade BOCONB DC, upgrade SWMA SS, Investec upgrade TET LN Equita upgrade DIA IM, ATL IM, Danske upgrade NOK1V FH Reporting Pre-Open: CGA, CMRX,

ates their view the market is going higher Barron's Barron's positive: Western Union (WU) Barron's Barron's cautious: Uni-Pixel (UNXL) Barron's • Bloomberg scrambles to reassure users FT • Dual-track Libor replacement lined up FT • Bischoff to take his leave from Lloyds FT • Nawaz Sharif prepares f

AKBNK TI, downgrade TRN IM • Natixis downgrade NEX FP, Good upgrade KMR ID, Kepler downgrade SAN FP, upgrade GSK LN, CSGN VX • Chev upgrade IM NA, Nordea downgrade HOLMB SS, Nordea downgrade SAA1V FH ▪ DNB downgrade SKAB SS, OTE1V FH, Bere downgrade HEI GY, Oriel upgrade TCG LN Reporting Pre-Open: ET

better, restructuring and cost cutting on track (trading +3.6%) • Italian elections in 3 weeks may yield hung parliament, requiring follow-up vote (Bloomberg) • German trade data: Dec exports +0.3% m/m vs est +1.4%, Dec imports -1.3% vs est +1.6% • Italy December industrial production +0.4% m/m vs est

OR GY, downgrade BEI GY, Numis downgrade MONY LN, CIU LN, SGE LN, MACQ upgrade LXS GY BERE downgrade IVG GY, HELV upgrade GAM SW, downgrade OERL SW, Nordea downgrade GOL NO Reporting Pre-Open: BF.B, BIG, SPLS, AEGR, AEO, CTCM, FLL, HOV, LINC, MFB, OSIR, POZN, ORE, RELY, TFM, THRM, TRK, VIP, WD, WMC, WR

from 46.3% in the latest US Investors Intelligence poll EFTA00394115 • UBS said to face O'Connor hedge fund ($6B AUM) defections over bonus caps (Bloomberg headline) • VodafoneNerizon: Verizon said to seek resolution of its relationship with Vodafone this year (VOD LN +6.5%) • KPN says it still plans

IM, Exane initiate GKN LN (b), KepChev upgrade PRS IM ••• Natixis downgrade SAN FP, JMT PL, KBC upgrade PHARMA NA (h) • Danske downgrade OTE1V FH, Nordea downgrade UPM1V FH ••• Investec downgrade CLIN LN, Numis downgrade ATK LN, SocGen dig BAYN GY Reporting Pre-Open: ADP, AEE, APA, AVP, BDX, CAH, CHK

Jobless Claims @ 8:30am, Markit US PMI @ 8:58am, Bloomberg Consumer Comfort @ 9:45am, Construction Spending