nnon H1 IMS, overall inline, SW Water strength continues (trading -1.9%) German July producer prices +0.0% Wm vs est +0.3% (+0.9% y/y vs est +1.2%) Bank of Spain says Spanish banks bad loans rise to 9.42% in June (vs 8.95% in May) Samsung (-3.7%) weighed down the KOSPI on profit taking ahead of patent decisio

aturity (trading -0.65%) EFTA00397163 • Volvo CEO expects China auto market to grow 7-8% this year, will introduce 6 new car models) (Xinuha) • Bank of Spain says recession deepened in O4 (-0.6% q/q = inline with est) (shrank for a 6th quarter) • BOE's King comments (prepared to provide more OE if needed

rnings (MU) Friday: Month/Quarter End, Personal Income & Consumption, Chicago PMI, Michigan Confidence, China PMI, US gas tax expires, Deadline for Bank of Spain announcement on Spanish bank recapitalization Saturday: China's National Day holiday begins Ike Groff 1680 Washington Blvd Stamford, CT 069011 • (