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U.K. Retail Sales Drop Most in More Than a Year Bloomberg<http://www.bloomberg.com/news/2012-05-08/u-k-reta
bdc0.htmlftaxzzluFoJECeG> Doubts spread to Spain's big banks FT<http://www.ft.com/cms/s/0/7a382258-9933-11e1- 9a57-00144feabdc0.htmliaxzzluFoJECeG> Bankia: Madrid looks to reform FT: Lex<http://www.ft.com/cms/s/3/d7d67128-98ff- 11e1-948a-00144feabdc0.html#axzzluFoJECeG> Barroso pushes EU growth measure
7% at 1992 congress, -16% following week Source: Bloomberg Secondaries (announced/priced): GNC. LGCY. MTZ,
beyond the fiscal cliff Lex • Wall St alarm as Obama faces gridlock The Times • Merkel warns David Cameron over talk of EU exit The Times • The Bankia banker who 'didn't understand anything' The Times • 'Build ring-fences or we will force you' The Times • Anger in Athens as Greek austerity measu
ne 29 statement from the 17 euro-area lea=ers stripping the European Stability Mechanism of its preferred creditor status i= Spain was incomplete," Bloomberg reports Martti Salmi, a Finnish Fin=nce Ministry official, as saying. • &nbs=; In Spain, the country's high cour= has opened a fraud probe into Rod
. • &nbs=; In Spain, the country's high cour= has opened a fraud probe into Rodrigo Rato, the former IMF chief who was until recently =chairman of Bankia. "The investigation into Mr Rato, along with 32 artier top Bankia executives, is likely to draw in some of the most prominent names in =Spanish poli
8:15am, Trade Balance / Jobless Claims @ 8:30am, Bloomberg Consumer Comfort @ 9:45am, ISM Non-Manufacturing
lining, reduce guidance (trading -10.3%) • Stolt Nielsen O2 EPS & EBIT beats, revs better, clean op income below, cautious tone (trading -1.1%) • Bankia receives Moody's downgrade, cut to B1 with negative outlook (trading -4.4%) • Liberty Global said unlikely to raise Kabel Deutschland bid after Vod
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