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UR PW, JPM downgrades EUR PW ▪ KBC upgrades EURN BB (buy), Mediobanca resumes CASS IM, Oddo upgrades RMS FP (buy), Oriel initiates DIA LN (buy) • Swedbank upgrades SNI NO (buy) & downgrades HPOL.B SS, Numis downgrades RWS LN, HSBC upgrades ERF FP • Raja downgrades SGO FP, UBS downgrades JMT PL Reporti
• Business giants walk off with our billions. No more something for nothing Guardian Key Events This Week Wednesday: Treasury's Budget Statement, MBA Mortgage Applications, Bernstein Consumer Summit (NYC), Opco Healthcare Conference (NYC), Earnings (COST, TOL, WTSL) Thursday: Nov Retail Sales, ECB publishes monthly re
OLVB SS, CS upgrade MND SJ, downgrade SAP SJ, UPM1V FH • DB downgrade DANSKE DC, upgrade DMGT LN, Exane upgrade TSCO LN, Chev downgrade TLSN NO ••• Swedbank downgrade GETIB SS, NOVOB DC, upgrade RATOA SS, Mediobanca upgrade SWEDA SS • Natixis downgrade NOVOB DC, upgrade NESN VX, Bere upgrade ROS AV, SEB
ogy 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 Conference (NYC), Leerink Swann Global Healthcare Conference (NYC), Earnings
des SFER IM, GS reinstates BET LN (buy), SocGen downgrades RBS LN • UBS downgrades OPHR LN & POLY LN, SocGen downgrades RF FP, Citi upgrades TCG LN, Swedbank upgrades MEDAA SS • Kepler downgrades DIA IM, Titan Cement upgrades TITK GA, Liberum upgrades PSM GY (buy), KBC upgrades RCUS BB • Citi raises pr
TSH, CVS, D, DNR, EMR, EXPD, FE, FOSL, HAR, HCN, INCE, IFF, LINTA, TAP, THC, CHRW, DIS, FSLR, MRO, NUAN) EFTA00386146 Wednesday: Consumer Credit, MBA Mortgage Applications, Earnings (DUK, DVN, GOLD, MMC, RL, TWX, CTL, FTR, MDLZ, PRU, TSLA, Thursday: July retail sales, Jobless Claims, Obama meets Greek PM, China CPI/PP
Entities connected to both Swedbank and MBA Mortgage Applications

Lesley Groff
PERSONIke Groff
PERSON
Bloomberg L.P.
ORGANIZATIONBarcap
ORGANIZATION
Barack Obama
PERSON
Horizon
ORGANIZATION
Barron
PERSONStifel
ORGANIZATION
Angela Merkel
PERSONJefferies
ORGANIZATION
David Cameron
PERSON
Marc Rich
PERSONNomura
ORGANIZATIONBaird
PERSON
Stanford University
LOCATIONKepler
PERSON
Tesco
ORGANIZATIONUS Key Research
ORGANIZATION
Mark Carney
PERSON
Boca Raton
LOCATION