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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
Earnings (FAST, PGR) Friday: Michigan Confidence, PPI, Earnings (JPM, WFC) (focus on additional details around JPM CIO trading loss) Key Events on the Horizon July 17/18 - Bernanke gives monetary policy reports to Senate & House July 20 - Tentative date for Eurogroup meeting to finalize MoU for Spanish bank
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
es Flash PMI Sept, Earnings (MU, NKE) Friday: Q2 GDP, Michigan Consumer Confidence, China Industrial Profits August, Earnings (FINL) Key Events on the Horizon Oct 2 — ECB publishing details of ABS purchases Oct 5 — Brazil presidential election Oct 6 — T+2 settlement across EEA countries (plus Switzerland)
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
US Q2 GDP, Michigan Consumer Confidence, Ryder Cup begins at Gleneagles (Scotland), (China Industrial Profits August, Earnings (FINL) Key Events on the Horizon Oct 2 — ECB publishing details of ABS purchases Oct 5 — Brazil presidential election Oct 6 — T+2 settlement across EEA countries (plus Switzerland)
ng +4.7%) • 3i trading statement good, NAV inline, on course to meet FY, good run into numbers (trading -2.2%) • Spain: Prosecutors to request PM Rajoy be called as a witness in case vs ex-treasurer Barcenas • UK retail sales rise for 2nd month as discounts spur demand (+0.2% mlm in June vs est +0.
I) EFTA00387196 Sunday: Upper House elections in Japan, Portugal "national salvation pact" deadline between 3 top political parties Key Events on the Horizon July 31 - FOMC rate decision August 1 — BOE/ECB rate decisions (Mark Camey to present review of forward guidance) August 21 — Fed Minutes from July3
• 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
C, STT, KSU, STI) Sunday: Upper House elections in Japan, Portugal "national salvation pact" deadline between 3 top political parties Key Events on the Horizon July 31 — FOMC rate decision August 1 — BOE/ECB rate decisions (Mark Camey to present review of forward guidance) August 21 — Fed Minutes from July3
Entities connected to both Rajoy and the Horizon
Ike Groff
PERSON
Lesley Groff
PERSON
Barron
PERSONCanaccord
ORGANIZATIONStifel
ORGANIZATION
Michael Jackson
PERSONBerenberg
ORGANIZATION
Bernstein
PERSON
Bloomberg L.P.
ORGANIZATIONUS Key Research
ORGANIZATIONJefferies
ORGANIZATIONBaird
PERSON
Michigan
LOCATIONLiberum
PERSON
Barack Obama
PERSON
Bernanke
PERSON
Tony Blair
PERSON
Piper
PERSON
The Guardian
ORGANIZATIONSwatch
ORGANIZATION