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says they are unaware of any potential bid. Other than that it is the heaviest earnings day of the season so far and highlights are recapped below. Mario Draghi began speaking in Amsterdam about 45 min ago at the Dutch central bank conference and said that a worsening of the medium-term inflation outlook wou
wngrades ARCAD NA, JPM upgrades 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,
ecovery (-1.5% m/m vs est +0.2%) • Eurozone June unemployment rate is 12.1%, July consumer prices +1.6% y/y inline with estimates • ECB President Mario Draghi favors releasing miutes from the ECB meetings says Sueddeutsche (MNI) • Nintendo profit beats estimates helped by weaker JPY (70% revenues from ove
i downgrades BLC (sell), Citi downgrades SQM Europe Key Research: ••• UBS downgrade TKA GY, TCY LN, JPM upgrade GKN LN, initiate BPOST BB (ow) ••• Nomura initiate BPOST BB (b), upgrade ALU FP, MS initiate BPOST BB (ew) • Barc downgrade URKA LI, SDF GY, +ve IN LN, ING FP, ING upgrade VST PW ••• SocGen
4.2 vs 103.0). Holding those gains now (even after a weaker UK Q4 GDP #) and rallying further near highs of session into the LTRO put-back results. Mario Draghi spoke a little over an hour ago in Davos and reiterated that economic activity is stabilizing at very low levels and he sees a recovery in H2 2013.
h Abe addressing the parliament on economic strategy on Monday and a number of earnings reports due including Honda, Nintendo, DoCoMo, Sharp, Canon, Nomura and Panasonic. Outside of Japan, SHCOMP continued to pullback from yesterday's highs which weighed on HK and the KOSPI underperformed as Samsung (-
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