Epstein Secrets

o $780mn, faces major sanctions as a result (trading +1.0%) • Monte Paschi may disclose as early as today the size of losses masked by derivatives (Bloomberg) • Ireland and Portugal are looking to tap ECB's OMT bond-buying program according to Die Welt (MNI) • Former popular party treasurer Barcenas to

focus list, upgrade GIVN VX ••• DB upgrade LMI LN, GIWN VX, JPM upgrade IPN LN, Cana upgrade HG/ LN ••• Citi initiate SUN VX (b), ELE SM most pref, IBE SM least pref, HSBA initiate SDO GR (uw) ••• Barc downgrade SPRT LN, upgrade ETI LN, CS downgrade CSGN VX, BKIR ID ••• MS downgrade ASHM LN, upgrade S

NX, ZIGO Economic Data: Jobless Claims @ 8:30am, Bloomberg Consumer Comfort @ 9:45am, Wholesale Inventories

KCO GY • Numis downgrade RTN LN, Exane downgrade DELB BB, Akros downgrade MED IM, LTO IM EFTA00390787 Chev downgrade IFX GY, restart PSON LN (r), IBE SM (b), Equita downgrade PMI IM Reporting Pre-Open: AES, APA, CVC, DF, PCP, WIN, XRAY, AAON, AGU, ALR, AM, AMCX, AMRC, ARX, ASFI, BAM, BCE, BGMD, BITA

fense and Rep. Tom Cole says they are prepared to let them trigger even if the Dems don't agree to restructure them to fall less heavily on Defense (Bloomberg). Tech +0.95% strong in Europe, helped by solid numbers from GOOG, IBM, CREE after the close in the US (note XLK in US has underperformed only +2.1

COST EFTA00397164 Europe Key Research: • Exane Iberian Utilities: (reinitiate o/p EDP PL & GAS SM , neutral EDPR PL, u/p ANA SM, EGPW IM, ELE SM, IBE SM) • Exane upgrade MPI LN, GS upgrade SGSN VX, Cantor initiates IHG LN &AC FP (buys) • JPM downgrades (BDEV LN, BWY LN, BVS LN, RDW LN, TW/ LN), SocG