Epstein Secrets

n markets mixed in very light volume today — 75% of 20day average. US bond market & banks closed for Veteran's Day. SPA's +2 handles = 1378 last. "Merkel meeting with Portuguese PM in Lisbon today*" • Precision Castparts to buy Titanium Metals for $16.50/share = $2.9 billion (42.6% premium) • Lockh

better, sales on par with 2011 (trading -0.42%) • Redrow IMS looks ok, continues to make progress in tough & stable environment (trading -1.5%) • Publicis (unusually) reports very strong October organic growth, no Nov/Dec comment (trading +2.8%) • JC Decaux: Le Figaro reports that the digital business

• Fund Greek debt buyback with asset sales FT • China and US navigate in risky waters FT • IMF chief and EU clash over Greek debt Telegraph • Merkel sticks to austerity script in Portugal as revolt builds Telegraph • Income investors look to emerging markets Telegraph • Europe still vulnerable

s set out within strategic plan (trading -2.5%) • Swiss Life O3 sales slightly better driven by France, 9 month premiums inline (trading -1.3%) • Publicis receives approval from AFM for LBI bid of Eur2.85 per share (trading -0.54%) • Pirelli quarterly revs inline, EBIT and net light, cutting 2012 sale

hat may have been recommended in this report. ML public i errill s, it has not been prepared as nor is it

ancial markets. Our central case is that centre right President is elected in France (with Francois Fillon now the official Republican candidate) and Merkel is returned at the head of a coalition government in Germany. Chart 19: German polls show a consistent lead for Merkel’s CDU party Chart 20: Fillon