Epstein Secrets

h: MS downgrades FTE & initiates lodging sector (favorable view), Bofa reinstates CMA/FITB/RF/KEY/MTB Key Research: JPM lowers targets BYI/IGT/WMS, Baird initiates QLIK Reporting Pre-Open: FAST, AIB, CAGC Reporting Post-Close: ADTN, HOFT, MG, STRM Economic Data: NFIB Small Business Optimism @ 7:30am

amid concern "rapid" credit growth to curb liquidity China tightening may ease if nation reports more trade deficits or small monthly surpluses - China Securities Journal (front page) EFTA00435764 Indonesia left rates unchanged (2nd consecutive month) after inflation slowed saying rupiah's gains will contain price

l12 Secondaries (announced/priced): DG IPO's: N/A Key Research: Jefferies initiates EDG (buy) & downgrades RAX & upgrades CLR (buy) Key Research: Baird downgrades FMER, Citi downgrades NSM, Janney initiates CSE/CIT (buy's) Key Research: JMP initiates FB (op), CS upgrades PHM/RYL/SWN, BNP upgrades RR

an to its cash-strapped power market operator (WSJ< Etihad Airways in talks to buy stake in Air France-KLM according to Dutch daily De Telegraaf China Securities Journal says that the PBOC should cut rates in order to boost confidence Leading European Sectors: Basic Resources +3.74%, Banks +2.73%, Insurance +2.70%

S downgrades DANOY & initiates AHS/CCRN/LPNT/ASGN/THC/UHS/VHS (nut's) an CYH/HMA (buy's) Key Research: Nomura upgrades Honda Motor (7267 JP) (buy), Baird upgrades CHH, BMO upgrades CSCO Key Research: Wells initiates APOL/CECO/DV/LRN (op's) and ESI/STRA/COCO (mp's), RBC downgrades KEX Key Research:

ia for A$2 billion in cash (13.6% premium Japan trade deficit exceeds forecasts (first trade deficit with the EU) (exports to EU -0.9%, US +38.2%) China Securities Journal says China boosts lending (June new CNY loans to increase significantly) China president Hu Jintao will meet with Spanish deputy PM in Spain on way

uy) and cuts DFRG • Roth initiates GSVC (buy), BMO upgrades HD, B. Riley initiates IMMR (buy) • Evercore upgrades INTU, Steme initiates SYNA (buy), Baird initiates GLRI (op) Europe Key Research: • Bofa initiates PETS LN/SHF SJ (buy) & upgrades ETE GA and RMG LN (buy) • Cantor initiates SRSP LN (buy)

of high-risk asset investment, as members of the pension fund's policy-setting committee. Hong Kong was lower as mainland properties fell on back of China Securities Journal running with a front page article saying that there is no need to save the property sector as the banks can take it even if property prices come off