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eading lower as well. EUR continues to tick up and currently 1.3037 last. Eurozone finance ministers meeting again today to further discuss Greece, Cyprus, Spain. No major updates on fiscal cliff talks with Geithner/Boehner making the rounds on the Sunday talk shows and both indicating very little will
des CF, Key Research: GS upgrades EV and DELL (buy) & downgrades JNS/ELYJQLGC (sell's), DB upgrades IGT/TOT (buys), MS upgrades WSM Key Research: Stifel upgrades WWAV, Bernsein downgrades EIX, JMP upgrades BSX, UBS downgrades TEVA, Nomuta cuts VZ Key Research: ISI upgrades DLR/EDD/KRC (buy's) & down
€3.0B (3-month avg yield 2.362% vs 0.846% prior) Italy sells €3.741 billion of 2yr zero-coupon bonds and 4-15yr BTPs versus max target €4 billion Cyprus becomes the 5th euro area nation to request EU aid (may be up to €10 billion) Caretaker development minister Yiannis Stournaras mostly likely next
is may be a case of buying protection after a 5% run up over the last 2 weeks. Secondaries (announced/priced): MDW, ROSG IPO's: N/A Key Research: Stifel assumes RTN (buy) & GD/LMT/NOC/LLL (holds), Cantor initiates ZMH/SYK (holds) Key Research: Piper downgrades VCLK & initiates TITN (ow), Canaccord i
day meeting begins in Brussels today and they will be discussing the recent strength in the EUR as well as a potential new option in relation to the Cyprus bailout (FT). Relatively quiet start to a week that will bring us Obama's state of the union address tomorrow evening as well as the G20 on Thursday
overweight over 12-months & initiates USAC (buy) EFTA00396178 •••• JPM upgrades NKE, MLV & Co downgrades ALNY, Roth initiates COSI/HYGS (buy's) • Stifel upgrades USBNVFC (buy's) & cuts FITB/PDH and CMA/KEY (sell), RBC upgrades AOL ••• KBW upgrades RNST & downgrades PRI and SIAL (sell), Barcap initiat
0M) Other Newspaper Articles & Stories Barron's cautious: Netflix (NFLX) Barron's WSJ cautious: Microsoft (MSFT) WSJ EFTA00397052 • Rifts over Cyprus bailout feed broader fears WSJ • Merkel voice optimism on Europe WSJ • Cyprus rescue will require cuts to debts WSJ • Renault's Ghosn tries new
HSBC upgrades TIF, DA Davidson initiates FOR (buy), ISI initiates AMZN (buy) • Wells initiate BRO/AON (mp) & MMC (op), Northland initiates RHT (op), Stifel initiates STRZA (sell) • SunTrust initiates BIOS (buy), Evercore initiates BXP (ow), DB upgrades JPM (buy), Raja cuts GMR, Imperial initiates PKOH
Entities connected to both Cyprus and Stifel

Jeffrey Epstein
PERSON
Norway
LOCATION
Denmark
LOCATION
Belgium
LOCATION
Finland
LOCATION
Michigan
LOCATION
Samantha Power
PERSON
Barack Obama
PERSON
George W. Bush
PERSON
Bloomberg L.P.
ORGANIZATION
Lesley Groff
PERSON
Joe Biden
PERSONIke Groff
PERSON
Marc Rich
PERSON
Malaysia
LOCATIONGlendower
LOCATIONGlendower Capital
ORGANIZATION
Ghislaine Maxwell
PERSONMartin Weinberg
PERSONthe Securities and Exchange Commission
ORGANIZATION