Epstein Secrets

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

friendly offer this time for Vulcan Materials (WSJ) • California port strike could cost economy $16 per day (NRF calling on Obama to intervene) • Moody's downgrades ESM to Aa1 from Aaa to reflect France downgrade (Friday after close) • EADS confirms that key shareholders are discussing changes in sha

upgrades BIG & initiates AL/VNET (ew's), DB upgrades FOE (buy) Key Research: Atlantic upgrades MOS, JPM downgrades SMG, Janney upgrades CRAI (buy), Piper upgrades RDN Key Research: JPM upgrades NVTL, Jefferies upgrades FST (buy), Bofa reinstates ADI (buy), Auriga assumes NVDA (buy) Key Research: Bofa

pace in 5 quarters) (median estimate +8.1%) Japan's unemployment rate increased to 4.7% (inline), industrial production rises less than expected Moody's puts Japan's Aa2 local and foreign currency bond ratings on review for possible downgrade Australia home-building approvals drop with softer job ma

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

l Link was quoted earlier as saying parts of the EU report "read like a wish list" (leans too much on mutual debt models without improved controls). Moody's downgraded 28 Spanish banks after the close as expected (12 cut to junk) citing the sovereign downgrade earlier this month as well as the possibili

s (announced/priced): CNDO, CNCO, HIS, AEC IPO's: N/A Key Research: Barcap downgrades CIM, Imperial initiates TPC (op), Nomura initiates FB (buy), Piper upgrades TFM Key Research: Canaccord initiates SWKS (buy) & TQNT/RFMD (holds), Telsey initiates ADS/DFS/COF/AXP/V/MA Key Research: GS adds VOW GR

10yr 1.63% NZD 0.7873 (+0.12%) Copper -0.35% Futures: Dow +49, Nasdaq +9, S&P +6 DXY $82.27 (-2c) Crude $78.73 (+53c) Gold $1570.70 (+$5.20) Moody's announced its widely anticipated downgrade of 15 global banks after the close last night. No big surprises although Credit Suisse getting cut by 3 n

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

s would be for the Eurozone (says he is doubtful Greece can be saved from bankruptcy). French banks are trading lower across the board on talk that Moody's may cut credit ratings as soon as next week (SocGen -10.5%, BNP -12.5%, Credit Agricole -9.5%) . EU Bank Index trading -3.95% this morning (now -38%

al we products Food and animal feed Automotive end mechanical engineering Electrical end electronic Metal and oil products Paints end comings' Piper end printing Agricukure 1.0 2.0 2015 (prO)etted) 2014 t Where not directly essigned to other endcustomer industries. At the end of June 2015,

ssful bond issue Evonik still has sound investment grade ratings: BBB+ (outlook: stable) from Standard and Poor's and Baa2 (outlook: positive) from Moody's, so we have achieved one of the main goals of our financial strategy. In January 2015 Evonik Industries AG issued a new €750 million bond with a ten