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ch: Longbow cuts USG, Citi downgrades PNW & upgrades WCH GY, Redburn upgrades ITX SM Key Research: UBS upgrades LXS GY, Liberum downgrades LLOY LN, Canaccord downgrades SAB LN Key Research: Berenberg upgrades MTX GY, DB upgrades TFI FP, UBS downgrades LIN GY Reporting Pre-Open: MASC Reporting Post-Close
g that there is - C67 billion in outstanding subordinated/hybrid debt & most of it was sold to retail investors as savings products). Meanwhile, PM Rajoy announced budget measures worth €65B over 2.5 years this morning (VAT will rise to 21% vs 18%). Germany's Constitutional Court ended its hearing on
rades REL LN, Macquarie downgrades TSCO LN • Davy upgrades WOS LN, Beka upgrades EBRO SM, Equinet downgrades VIH GY, Citi initiates ZPLA LN (n) ••• Canaccord upgrades AKSO NO, Citi upgrades JPR LN & TNI LN and resumes COB LN (n), LBBW downgrades ASML NA ••• Macquarie upgrades NYR BB, Oddo upgrades ALPHY
end of monthly bond purchases at this meeting) Nov 4 — US mid-term elections Nov 9 — Potential referendum on independence in Catalonia (Spanish PM Rajoy will likely try to block vote from happening) Ike Groff I ,Description: Descrintion: I@ This e-mail and any files transmitted with it are confid
••• Liberum upgrades LMI LNM, Raja upgrades WOS LN, BofA downgrades ULE LN, KBC downgrades TNET BB ••• Bernstein initiates STJ LN (mp) & HU LN (up), Canaccord upgrades FLG LN and initiates DJI LN (h) ••• Carnegie downgrades STL NO & TGS NO, Handelsbanken upgrades NOBI SS, KBC upgrades COLR BB ••• Macquari
bond purchases at this meeting) Nov 4 — US mid-term elections EFTA00361935 Nov 9 — Potential referendum on independence in Catalonia (Spanish PM Rajoy will likely try to block vote from happening) Ike Groff I Description: Description: I This e-mail and any files transmitted with it are confiden
(buy), Evercore initiates GOGO (ow) ••• Miller Tabak initiates AREX/FANG (buys), KBW upgrades TAYC/MBFI ••• FBR upgrades ADBE, Baird upgrades BWA, Canaccord downgrades GSS (sell) ••• Raja downgrades ININ, BMO cuts PKG, Williams Capital cuts NVE Europe Key Research: • CS downgrade ULVR LN, JMAT LN, GS c
• India eases curbs on foreign direct investment to boost growth FT • Return of the blueblood macro hedge funds FT • Spain's Socialists to force Rajoy's hand in vote of censure FT • Globalisation in a time of transition FT • We have good cause to abhor the surveillance state FT • The market is
Entities connected to both Canaccord and Rajoy

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSON
Piper
PERSONStifel
ORGANIZATION
Barack Obama
PERSONthe Horizon
LOCATION
Bloomberg L.P.
ORGANIZATION
Michigan
LOCATIONBarcap
ORGANIZATION
Michael Jackson
PERSONBerenberg
ORGANIZATIONJefferies
ORGANIZATION
Bernstein
PERSON
Bernanke
PERSONNew Home Sales
ORGANIZATION
Angela Merkel
PERSON
David Cameron
PERSON
William Barr
PERSON