Epstein Secrets

rlands, France, Spain, Belgium, Portugal, Ireland ... Turkey & Israel full day*** ***European Markets closed: Germany, Italy, Switzerland, Denmark, Norway, Sweden, Finland, Austria, Poland, Greece*** • Stryker said to plan bid for Smith & Nephew soon at 'significant premium" (Bloomberg) • Equinix boa

s (7312 JP) Stocker to step down as President after airbag recalls (effective today) Leading European Sectors: Oil & Gas +0.28%, Real Estate +0.24%, Utilities +0.13% Lagging European Sectors: Basic Res -0.68%, Chemicals -0.10%, Media -0.08% CAMP outlook below — CALM eps trailed — NCLH sees eps cut 5c from

Italy 4.8 0.0 4 1.3 1 0.5 -0.5 09 4 1.0 4 1.5 1.5 0.7 OA 05 09 Spain -12 1.3 t 22 t 0.7 IS 21 t 2.0 20 20 02 02 0.0 0.0 Norway 2.0 1.9 2.3 2.0 1.9 2.0 1.9 2.1 2.3 2.3 18 1.6 2.2 Sweden 1.6 2.2 25 6.5 -0.3 Z3 25 2.5 25 01 41 0.2 15 United Kingdom 1

YID Equity Sector Performance' Energy Materials Industrials Discretionary Staples Healthcare rmancials Information Tech. Telecormimications Utilities Overall •Lawdaneturrn as el Al 10.2014 Sauce: J.P. Wigan 1.36 101 1/1 0.94 2.22 6.15 1021 2.12 1.34 102 1.71 0.92 2.30 6.20 1000 2.

A NA Royal Dutch Shell PMO LN Premier Oil Plc OMV AV OMV Ag TLW LN Tullow Oil Plc Long Name EFTA01470803 Lundin Petroleum AB Country Sweden Norway Norway France Netherlands France Britain Netherlands Britain Austria Britain Energy Energy Energy Energy Energy Energy Energy Energy

alth Care Consumer Staples Financials Financials IT Cons Discretionary Industrials Industrials Financials Industrials Financials Telecome Utilities IT Cons Discretionary Health Care IT Consumer Staples Utilities Industrials Utilities Consumer Staples Financials EFTA01470806 28 Secto

mothers and newborns in developing countries. The award is given by the Saving Lives at Birth partnership, launched in 2=11, which includes USAid, Norway, Grand Challenges Canada, backed by the C=nadian government, the UK's Department for International Development, and =he Bill & Melinda Gates Foundat

that just this week the chairman of the Federal Energy Regulato=y Commission predicted that solar power could soon begin to double every t=o years. Utilities are afraid that=solar power will be to the electrical grid what PCs were to mainframes, or=e-mail to the Postal Service: a technology that will simp

ic activity & inflation forecasts: 2015F 2016F 2017F GDP (% yoy) EU Euro area Germany France EFTA01476013 Italy Spain UK Sweden Denmark Norway Switzerland 1.8 1.5 1.7 1.1 0.7 3.2 2.4 3.2 1.6 1.4 1.0 1.9 1.6 1.9 1.4 1.4 2.8 2.5 2.7 1.7 1.4 1.2 Source: National authorit

strials remain a significant concern. Most of the rest of the market, both the S&P and the Russell 2000, seems fully valued except a few big Banks, Utilities, Airlines, and some of our specific stock picks. We do not believe that a recession looms or that S&P profits will fall again in 2016. We also do

preferred cyclical sectors. We also like Energy. e We are cautious on Materials, where we expect margin pressure to continue, as well as Telecom and Utilities, due to high valuations. Strategic (1 to 2 years) °¢ We like medium-sized US companies, which should benefit from robust earnings growth in the lon

F appreciation and the SNB has clearly shown in May that it is willing and can protect the floor; we expect the SNB to continue in this. ¢ Sweden and Norway stand out for their lower debt-to-GDP ratios and current account surpluses. The NOK appreciated recently, due to safe haven inflows. We stay neutral

arnings growth. Our sector stance in the US Sectors Consumer Discretionary Consumer Staples Energy Financials T Healthcare ndustrials Telecom Utilities aterials Viclelulsalel vy) vial ws Source: UBS Note: Past performance is not an indication of future returns. For further information please con

he euro crisis and reserve unwinding of the SNB at some point. Given this balance, we have decided to close the underweight in the CHF. ¢ Sweden and Norway stand out for their lower debt-to-GDP ratios and current account surpluses. Both the SEK and NOK have appreciated on diversification and safe-haven i