Epstein Secrets

icia Menendez-Cambo Peter Mensing Luca de Meo Angela Merkel Paolo Merloni Nikhil Meswani Mette-Marit of N

enendez-Cambo Peter Mensing Luca de Meo Angela Merkel Paolo Merloni Nikhil Meswani Mette-Marit of N

ef Executive Officer, Long-Term Savings and Chairman Chief Executive Officer Donald R. Harkleroad President Joe Harlan Executive Vice-President, Chemicals, Energy and Performance Materials Habboush Group Wamda Lucerne Festival National Bank of Kuwait Infosys Lodestone Al Arabiya Al Arabiya Orkl

me press reports that an Italy proposal to allow the ESM to buy peripheral sovereign debt to lower borrowing costs is gaining some traction although Merkel remains non- committal. Spain 10yr yield -14bps to 6.91%. Greece coalition government expected to be officially announced late today or tomorrow mor

G20 today Leading European Sectors: Basic Res +1.89%, Banks +1.27%, Insurance +1.04% Lagging European Sectors: Food/Bev -1.49%, Healthcare -0.85%, Chemicals -0.55% GNC $300M buyback - FSII net forecast below - FCF $50M buyback AMAT names president - CIM cuts dividend - LZB misses on revs FULT 5M shr bu

n politics. Will Europe follow the route to populism (revolt from the voters) or will we find relief for the markets by the end of 2017 from a Fillon/Merkel duo being in charge of the Euro area’s two largest economies. We think investors will demand a higher risk premium until the French Elections in May

est political risk event for European (and possibly global) equity markets in 2017. By 22 October 2017: German Federal elections Current Chancellor Angela Merkel has announced that she intends to stand for re- election. Current polls have Merkel’s CDU ahead followed by SDP with the euro- sceptic Alternative fu

5 olw +150 14.0 112% Banks SX7P 12.4 n 0 12.4 00% Media SXMP 26 olw +100 3.6 138% BasicResou SXPP 3.0 n 0 3.0 00% Utilities SX6P 3.9 olw +100 49 125% Chemicals SX4P 5.0 n 0 5.0 00% Constr&Mtr SXOP 3.0 n 0 3.0 00% Trav&Leisr SXTP 1.8 ulw -150 0.3 15% FinServ SXFP 1.9 n 0 1.9 00% Food&Bevrg SX3P 5.9 ulw -150 4