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CAT Barcap upgrades ORA, Jeff cuts JNJ/NKTR & upgrades SQNM (buy) MS upgrades TRIP & cuts IQNT CS downgrades JCP/VRTX, Baird upgrades NAV, JPM and Stifel downgrade STRA, Citi upgrades CMA Exane upgrades IHG LN, Citi downgrades RYA LN, Barclays initiates Russian Oil & Gas sector GS reits conviction bu
P +0.49%, HSI +0.21% EUR 1.2713 (-0.01%) JPY 79.42 (+0.09%) AUD 1.0435 (+0.46%) Copper +0.07% Spain 10yr 5.87% Italy 10yr 5.00% Futures: Dow +10, Nasdaq +6, MI +2 DXY $81.00 (-2c) Crude $85.91 (-16c) Gold $1736.10 (+$5.20) Asian markets end the day mixed on light volume (-25% from 10day avg). China mac
l initiates AA (buy), SocGen initiates BRCM (buy) & QCOM (hold), MEM initiates NVR (buy) Key Research: BMO downgrades IBM, DB initiates COH (hold), Stifel initiates AA (buy), Think initiates PETM (buy) Key Research: GS upgrades AKS and VMW (conviction buy) & downgrades HAS and X/AONE/WHR (sell) Key
1.3691 (-0.34%) JPY 76.71 (+0.15%) NZD .7887 (-0.36%) RUB 31.228 (-1.01%) Copper -2.65% Silver -2.38% 10yr 2.12% 30yr 3.11% Futures: Dow -35, Nasdaq +6, S&P -3 DXY $77.36 (+17c) Crude $85.92 (-46c) Gold $1658.9 (-$17.40) Yesterday German FinMin Schaeuble said "no quick fix" over Euro package and
overweight over 12-months & initiates USAC (buy) EFTA00396178 •••• JPM upgrades NKE, MLV & Co downgrades ALNY, Roth initiates COSI/HYGS (buy's) • Stifel upgrades USBNVFC (buy's) & cuts FITB/PDH and CMA/KEY (sell), RBC upgrades AOL ••• KBW upgrades RNST & downgrades PRI and SIAL (sell), Barcap initiat
9 (+0.90%) GBP 1.571 (-0.73%) AUD 1.0265 (-0.51%) Spain 10yr 5.42% Italy 10yr 4.59% US 10yr 1.97% Copper -0.04% Silver -0.32% Futures: Dow +29, Nasdaq +6, S&P +3 DXY $80.29 (+5c) Crude $95.55 (-16c) Gold $1661.80 (-$5.10) Australia was the only major market open overnight in Asia, with most of the re
Entities connected to both Stifel and Nasdaq +6

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATION
Barron
PERSONJefferies
ORGANIZATION
Barack Obama
PERSONBarcap
ORGANIZATION
Angela Merkel
PERSONNomura
ORGANIZATION
Horizon
ORGANIZATION
Tony Blair
PERSON
Moody's
ORGANIZATION
Stanford University
LOCATIONSwatch
ORGANIZATIONRetail Sales
ORGANIZATIONBerenberg
ORGANIZATIONEmpire Manufacturing
ORGANIZATIONMacquarie
ORGANIZATION
European Parliament
ORGANIZATION
Marc Rich
PERSON