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iti initiates TUMI/ZLC (buy), Bofa initiates PANW (buy), Investec downgrades SGE LN Key Research: Bofa initiates EXL (neut), GS upgrades ATK (buy), Canaccord initiates LCI (buy), Cheuvreux downgrades AGL IM Key Research: Equita downgrades AGL IM, Numis upgrades G4S LN, HSBC upgrades KBC BB, Seymour downg
0) China macro data out overnight and better across the board as their stats chief hinted yesterday (CPI +1.7% vs est +1.9%, IP +9.6% vs est +9.4%, Retail Sales +14.5% vs est +14.4%, FAI +20.7% vs +20.6%). Nevertheless most Asia markets closed in the red after another weak handoff from the US (SHCOMP down ev
CBL • HSBC initiates MDR (neut) & downgrades CAM, SocGen downgrades NBL, Wells initiates ZBRA (mp) • Nomura upgrades PCS, Avondale downgrades ANN, Canaccord cuts TEVA, DB upgrades NTES (buy) • Jeff initiates PAY (hold), Roth downgrades SKUL Europe Key Research: • UBS downgrade SMIN LN, EUR PW, EMMN SW,
al Institutions Investor Conference (Miami), GS Technology and Internet Conference (SF), Earnings (AVP, FIS, FOSL, KO, MHP, MMC, GT, WU) Wednesday: Retail Sales, Import Price Index, Business Inventories, MBA Mortgage Applications, Eurozone IP, BOE releases Quarterly Inflation Report, Bofa Insurance Conferenc
DDD (buy) ••• UBS cuts AES, SocGen upgrades BA, Wedbush initiates ININ (neut) & JCOM/NUAN (op) ••• Johnson Rice downgrades MDR, JMP downgrades MU, Canaccord downgrades RCII ••• BB&T upgrades SRI (buy), JPM downgrades GEVA, Nat Bank cuts GSS EFTA00390548 Europe Key Research: • JPM upgrade GARAN TI and
concealing billions in offshore tax havens Guardian • Labour must stand firm: no to a referendum on Europe Guardian Key Events Next Week Monday: Retail Sales, Business Inventories, China FAI/retail sales/IP, Eurozone FinMin meeting, Imperial Capital Consumer Summit (Santa Monica), Earnings (ANTH, TTWO) T
Entities connected to both Canaccord and Retail Sales

Lesley Groff
PERSONIke Groff
PERSON
Barron
PERSONBaird
PERSON
Barack Obama
PERSONBarcap
ORGANIZATIONEmpire Manufacturing
ORGANIZATIONStifel
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
Piper
PERSON
Wells
ORGANIZATION
Moody's
ORGANIZATIONJefferies
ORGANIZATIONJanney
PERSON
Michigan
LOCATIONNomura
ORGANIZATION
Bernanke
PERSON
Angela Merkel
PERSON
Stanford University
LOCATION
Horizon
ORGANIZATION