see over the summer; • Are we heading towards a Lehman moment? • Comment on ratings action by Moody's on banks; Nikolaos Panigirtzoglou (Head of European Asset Allocation): • Why QE seems to be losing its effectiveness • Progress on investor positioning; • Chinese metals import increases signaling improving deman

ions o Post-election view on Eurozone economic outlook with upside and downside drivers; global economic update • Nikolaos Panigirtzoglou (Head of European Asset Allocation): Trading and market liquidity: further discussion on capitulation measures; discussion of market liquidity and depth Details and specifics: • Mo

ptions • Post-election view on Eurozone economic outlook with upside and downside drivers; global economic update Nikolaos Panigirtzoglou (Head of European Asset Allocation): Trading and market liquidity: further discussion on capitulation measures; discussion of market liquidity and depth North America Equity Researc