end of monthly bond purchases at this meeting) Nov 4 — US mid-term elections Nov 9 — Potential referendum on independence in Catalonia (Spanish PM Rajoy will likely try to block vote from happening) Ike Groff I ,Description: Descrintion: I@ This e-mail and any files transmitted with it are confid

g that there is - C67 billion in outstanding subordinated/hybrid debt & most of it was sold to retail investors as savings products). Meanwhile, PM Rajoy announced budget measures worth €65B over 2.5 years this morning (VAT will rise to 21% vs 18%). Germany's Constitutional Court ended its hearing on

bond purchases at this meeting) Nov 4 — US mid-term elections EFTA00361935 Nov 9 — Potential referendum on independence in Catalonia (Spanish PM Rajoy will likely try to block vote from happening) Ike Groff I Description: Description: I This e-mail and any files transmitted with it are confiden

ng +4.7%) • 3i trading statement good, NAV inline, on course to meet FY, good run into numbers (trading -2.2%) • Spain: Prosecutors to request PM Rajoy be called as a witness in case vs ex-treasurer Barcenas • UK retail sales rise for 2nd month as discounts spur demand (+0.2% mlm in June vs est +0.

ble & Wireless Monaco business for $680 million • French car registrations for November 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 o

• India eases curbs on foreign direct investment to boost growth FT • Return of the blueblood macro hedge funds FT • Spain's Socialists to force Rajoy's hand in vote of censure FT • Globalisation in a time of transition FT • We have good cause to abhor the surveillance state FT • The market is

estimate -0.1% (+0.0% y/y versus estimate +0.2%) • Germany banking group expects government to present split bank plan in next 3 months • Spain's Rajoy announces extension of long-term unemployment benefits until rate < 20% (ABC) Leading European Sectors: Chemicals +1.29%, Autos/Parts +0.71%, Constr