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endent save-the-eurozone-7999340.html> Key Events This Week Friday: July Employment Report, Earnings (NYX, PPL, VIAB, WPO, BPO) Key Events on the Horizon August 20 - Tentative date for ESM to become operational, C3.2 billion Greek state bond held by ECB expires August 23/24/25 - Fed's Annual Economi
e ECB today (statement @ 7:30am, Draghi press conference @ 8.30am) (link<http://www.ecb.int/press/tvservices/webcast/html/webcast_120802.en.html>). Sueddeutsche thinks the ECB will announce a two-pronged plan to buy peripheral bonds in the secondary market (via the SMP) while the EFSF/ESM will buy bonds dire
BEAM, CLX, DUK, K, SEE, AIG, ATVI, KFT, CBS, SUN, ZIP, ALE) Friday: July Employment Report, Earnings (NYX, PPL, VIAB, WPO, BPO) Key Events on the Horizon August 20 - Tentative date for ESM to become operational, C3.2 billion Greek state bond held by ECB expires August 23/24/25 - Fed's Annual Economi
higher with the exception of the SCHOMP which continues to underperform. China PMI out tonight 0 9pm tonight and Europe/US PMI's tomorrow morning. Sueddeutsche reporting again that plans to give the ESM a banking license to give it access to unlimited ECB funding are gaining support (although Germany still
CB rate decisions, Jobless Claims EFTA00388235 Friday: June Employment Report, Banks to submit mid-yr stress test result to Fed Key Events on the Horizon July 10 — Fed Minutes from June 18/19 FOMC meeting July 11 — BOJ rate decision July 21 — Upper House elections in Japan July 31 — FOMC rate decis
to exceed 25% cash payout in 2013) • Germany May retail sales +0.8% m/m versus estimate +0.4% (+0.4% y/y versus estimate +0.2%) • ECB denies the Sueddeutsche article they are discussing additional bond-buying across 17 EU states Leading European Sectors: Tech -0.82%, Healthcare -0.75%, Chemicals -0.31% L
on-manufacturing PMI July, Earnings (ANR, CBOE, CVC, CVX, EAT, RBS, TXU, OZM, VIA) Sunday: HSBC services China PMI (Sunday night) Key Events on the Horizon August 21 — Fed Minutes from July30/31 FOMC meeting August 22-24 — Jackson Hole Annual Economic Policy Symposium (Bernanke not attending) Septembe
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 overseas) (after close) • Honda profit misses estimates as delive
Entities connected to both Horizon and Sueddeutsche

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barron
PERSONNomura
ORGANIZATION
Stanford University
LOCATION
Michael Jackson
PERSONStifel
ORGANIZATION
George W. Bush
PERSONJefferies
ORGANIZATION
Wedbush
ORGANIZATIONUS Key Research
ORGANIZATIONChicago PMI
ORGANIZATION
Macau
LOCATION
Pfizer
ORGANIZATION
Jackson Hole
LOCATIONConstitutional Court
ORGANIZATIONPersonal Income & Spending
ORGANIZATIONBOE/ECB
ORGANIZATIONDow +49
ORGANIZATION