Epstein Secrets

o worry about US debt FT • Microsoft knocked off its stride by falling profits The Times • Chinese phone call breaks with tradition The Times • Angel Merkel turns on the Japanese The Times • Nokia abandons payout to fund make-or-break year The Times • Merkel: stick with painful reforms The Times • B

ts over Cyprus bailout feed broader fears WSJ • Merkel voice optimism on Europe WSJ • Cyprus rescue wi

struction Spending, Michigan Confidence, Auto Sales, ISM Manufacturing, Eurozone PMI, Earnings (BEAM, CVX, LM, IR, LYB, TSN, XOM) Key Events on the Horizon February 10 — Chinese New Year February 19/20/21/22 — CAGNY Conference in Boca Raton (Consumer Staples) February 24/25 — Italian elections Februa

weaker at -22.9% (Renault -33.5%, Peugeot -23%) • Spain's Rajoy says it may be 'very complicated" to achieve 6.3% deficit to GDP target in 2012 • Merkel suggests may be willing to consider Greek debt write-off once they reach budget surplus (Bud) • EU ministers may reach ECB oversight deal on Decemb

igan Confidence, Earnings (BNS CN) EFTA00400429 Saturday: China CPI & PPI Sunday: China retail sales/industrial production/FAI Key Events on the Horizon December 12 - FOMC rate decision December 22-January 20 - US Congress scheduled to adjourn January 30 — Launch date for RIM's Blackberry 10 Ike G

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

HP, ROST, TGT, VIAB, WMT, ADSK, DELL, GPS, SHLD) EFTA00401617 Friday: US Industrial Production, TIC Flows, Earnings (SJM, NTZ) Key Events on the Horizon November 19 — Eurozone FinMin meeting November 22/23 — EU Leaders Summit November 25 — Catalonia regional election in Spain Ike Groff 1680 Washin

n Q2 profit (raised FY eps outlook) (trading +1.5%) Marvell Q2 revs & eps missed (gross margins fell) (citing global eco weakness) (trading -10%) Merkel says Germany backs Draghi on the conditions for ECB help (in Canada yesterday) GM seen planning global reorganization tackling "fiefdoms" according

ner), New Homes Sales, Earnings (BIG, HRL, PDCO, ADSK, CRM) Friday: Durable & Capital Goods Orders, Earnings (MSG) EFTA00406609 Key Events on the Horizon August 27-30 - Republican National Convention (Tampa, FL) August 31-Sep 1 - Fed's Annual Economic Policy Symposium in Jackson Hole, WY (Bernanke s

ities FT • US corporate bonds — yield of dreams Lex • Obama — beyond the fiscal cliff Lex • Wall St alarm as Obama faces gridlock The Times • Merkel warns David Cameron over talk of EU exit The Times • The Bankia banker who 'didn't understand anything' The Times • 'Build ring-fences or we will

Key Events This Week Friday: U. of Michigan Confidence, Earnings (COV, WAVX, JCP) Sunday: Greek Parliament votes on 2013 budget Key Events on the Horizon November 12 — Eurogroup Meeting November 22/23 — EU Leaders Summit November 25 — Catalonia regional election in Spain Ike Groff 1680 Washington B

ESM a banking license to give it access to unlimited ECB funding are gaining support (although Germany still opposes). Headline on Bloomberg saying Merkel adviser Bofinger advocates ECB buying of government bonds getting some attention but note this is not a new opinion from Bofinger. Some headlines o

BEAM, CLX, DUK, K, SEE, AIG, ATVI, KFT, CBS, SUN, ZIP, ALE) Friday: July Employment Report, Earnings (NYX, PPL, VIAB, WPO, BPO) Key Events on the Horizon August 20 - Tentative date for ESM to become operational, C3.2 billion Greek state bond held by ECB expires August 23/24/25 - Fed's Annual Economi

n effort to defend himself from scandal (FT) • Berlusconi ally says that he may support plan to create local currency used alongside EUR • One of Merkel's closest confidents (Annette Schavan) steps down on plagiarism scandal Leading European Sectors: Utilities +0.54%, Insurance +0.35%, Chemicals +0.2

M, PEP, TAP, WM) Friday: Empire Manufacturing, US IP, Michigan Consumer Confidence, TIC Flows, Earnings (AEP, CPB, SJM, VFC, WBC) Key Events on the Horizon February 19/20/21/22 — CAGNY Conference in Boca Raton (Consumer Staples) February 24/25 — Italian elections February 27 — First repayment for LTRO