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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
0427 Key Research: RBC upgrades ERICB SS, DB upgrades ETI FP, Berenberg initiates JAZ SM, Investec downgrades UBM LN Key Research: Raja initiates Prada (1913 HK) (mp), CS initiates ITX SM (up), Exane upgrades ARM LN, DB downgrades RDSA LN Key Research: Berenberg downgrades SAN FP, Berenberg downgra
e speaking tomorrow morning at 9am in Nashville). Merkel & Monti meeting today @ 12pm EST followed by a n
downgrades ISAT LN (sell) & initiates MTDR (neut) and IPCM (buy), HSBC downgrades GLE FP Key Research: Janney upgrades NWY (buy), Kepler initiates Prada (hold), Stifel initiates ETN/IEX (buy's) and CIR (hold) Reporting Pre-Open: AAON, ADES, BKR, BWEN, EBIX, EF, FDS, INSM, LDL, RAVN, REX, SYPR, TLP,
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
in the People's Daily suggesting that China should cut luxury goods tax to help boost consumption (has been speculated before many times) which had Prada closing +3.1% in HK and the European luxury basket is +50bps to start the day. SPA's - flat once again = 1412 last. ***Michigan Confidence @ 9:55a
Entities connected to both Angela Merkel and Prada

Jeffrey Epstein
PERSON
Barack Obama
PERSON
George W. Bush
PERSON
Donald Trump
PERSON
Marc Rich
PERSON
Bill Clinton
PERSON
United States
LOCATIONLeon Black
PERSON
Vladimir Putin
PERSON
Bloomberg L.P.
ORGANIZATION
Ghislaine Maxwell
PERSON
Joe Biden
PERSON
Eric Trump
PERSON
Department of Justice
ORGANIZATION
Prince Andrew
PERSON
Stephen Hawking
PERSON
Virginia Giuffre
PERSON
Prince Charles
PERSON
Julie K. Brown
PERSON
JPMorgan Chase
ORGANIZATION