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nt Balance / CPI / Jobless Claims @ 8:30am*** ***Hollande & Monti meeting in Rome today*** Microsoft said
.46%) CAD 1.0279 (+0.23%) Futures: Dow -8, Nasdaq -2, S&P -1 DXY $82.22 (+16c) Crude $82.53 (-10c) Gold $1618.50 (-90c) Spain cut 3 notches by Moody's to one level above junk with outlook still negative (Moody's also downgraded Cyprus). Spanish 10yr yield ticked up to 7.0% and currently 6.93% last
n-mortgage-debt/article4369806/> Howard Davies - Hollande should enjoy his honeymoon while it lasts FT Opi
l Link was quoted earlier as saying parts of the EU report "read like a wish list" (leans too much on mutual debt models without improved controls). Moody's downgraded 28 Spanish banks after the close as expected (12 cut to junk) citing the sovereign downgrade earlier this month as well as the possibili
tch cut for MS was consensus despite fears of 3). Hollande, Merkel, Rajoy & Monti meeting in Rome today ahe
10yr 1.63% NZD 0.7873 (+0.12%) Copper -0.35% Futures: Dow +49, Nasdaq +9, S&P +6 DXY $82.27 (-2c) Crude $78.73 (+53c) Gold $1570.70 (+$5.20) Moody's announced its widely anticipated downgrade of 15 global banks after the close last night. No big surprises although Credit Suisse getting cut by 3 n
ORCL) Friday: Russell Rebalance, Earnings (DRI), Hollande/Merkel/Rajoy/Monti meeting in Rome, Sweden & Fin
May 23) (bid-to-cover 1.9 vs 1.7 prior) Italian industrial orders decreased -1.9% m/m in April (orders -12.3% in unadjusted y/y terms) next week Moody's to publish impact on Spain banks stemming from June's sovereign downgrade LCH lifts margin costs for trading most Spanish government bonds (effectiv
e the oil runs out we won't need it The Times • Hollande risks wrath of Merkel by rejecting economic refor
rs resist inheritance reform FT • Fracturing of UK politics complicates general election FT • PwC sold 'tax avoidance on industrial scale' FT • Moody's urges slower bank bonus payouts FT EFTA00357142 • Spain's lauded transition to democracy under fire FT • Arrest of 'tiger' Zhou Yongkang sheds
Entities connected to both François Hollande and Moody's

Jeffrey Epstein
PERSONStandard & Poor's
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Barack Obama
PERSON
Angela Merkel
PERSON
United States
LOCATION
George W. Bush
PERSON
United Kingdom
LOCATION
New Zealand
LOCATION
Lesley Groff
PERSONIke Groff
PERSON
Marc Rich
PERSON
Malaysia
LOCATION
Frankfurt
LOCATION
Denmark
LOCATION
Ghislaine Maxwell
PERSON
Norway
LOCATION
Barron
PERSON
Martha Stewart
PERSON
Finland
LOCATION