EPSTEIN
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and Tom will both be in NY Nov. 6
together? Jeffrey could do an
or he could do lunch 12-1:30...or
do breakfast at 9:30am ...does
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To:
From:
Sent:
Tueue
Subject: Alert - what is the status of paris painting with International Freight (Laurie Mischke)
October 22, 2013 5:00 AM : what is the status of paris painting with
International Freight (Laurie Mischke)
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From:
Sent:
Tue 10/29/2013 9:53:13 AM
Subject: Early Tour 10.29.13
Good Morning ... European Markets up 0-55 bps (Italy +1.3%) ... NKY -0.49%, SHCOMP -0.23%, HSI
+0.37%, KOSPI +0.18%, TWSE +0.16%, ASX -0.48%
EUR 1.3757 (-0.20%)
JPY 97.61 (+0.08%) EUR/JPY 134.29 (-0.27%) NZD 0.8261 (-0.50%) AUD
0.9508 (-0.68%)
US 10yr 2.51%
Japan 10yr 0.61%
Germany 10yr 1.74%
Portugal 10yr 6.16% Italy 10yr 4.14%
Spain 10yr 4.07%
Futures: Dow +2, Nasdaq -3, S&P -1
DXY $79.47 (+23c) Crude $98.28 (-40c)
Gold $1345.60 (-
$6.60)
Copper +0.29%
Silver -0.75%
Asia finishes mixed overnight following a choppy session in uninspiring volumes. The H-shares
outperformed after the PROC conducted a reverse repo for the first time in two weeks. Chatter
of an imminent Preferred Shares program as well as IPO resumption next year also helped
sentiment. But the SHCOMP finished in the red as the A-Shares sold off mid-morning as
SHIBOR gained despite the PBOC's injection. Japanese equities recovered from early losses to
finish marginally lower. The USDJPY continued to twist around its 200DMA with technical
range bound trading persisting among earnings season and would expect that to continue ahead of
FOMC/Bal announcements on Wed/Thurs (no changes expected and Fed taper expectations
have now been pushed out until at least March). European markets generally firmer despite the
Banks lagging on disappointing numbers from UBS, DB, Lloyds (SX7P -0.36%). US futures flat
this morning as major indices held their ground yesterday despite a lot of the big momentum
stocks being better for sale. AAPL only -0.35% pre-open after dipping -5% briefly in extended
hours trading on the gross margins forecast. SPA's -I handle = 1758.10 last.
—Sept PPI & Retail Sales @ 8:30am, S&P/CaseShiller Home Price @ 9am"'
"'Biz Inventories & Consumer Confidence @ 10am, Japan Industrial Output tonight*"
•
Apple revs beat on iPhone sales pop but 3'4 straight qtr eamings decline & gm forecast light
(trading -0.3%)
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Herbalife Q3 profit +27% beating ests, Americas sales rose, boosts forecast, new boardmember
(trading -1.0%)
•
NutriSystem Ca better than expected (2c eps beat), gm's improve, & raises guidance (trading
+12%)
•
Michael Kors (KORS) to join S&P 500 will replace NYSE Euronext (NYX) after close on November
•
Seagate Technology profit dropped & eps/revs misses, sees O2 revs below estimates (trading -5%)
•
Morgan Stanley is considering asking the Fed for permission to buy back more stock next year
(WSJ)
•
UBS Q3 net income in line, ROE 4.9%, corp bank miss, NII/trading income decline, big litigation
issues (trading -5.5%)
•
Deutsche Bank Q3 revs in line, pretax miss (€1.2bn Q3 litigation charge) lower trading revs/debt
sales (trading -2.0%)
•
Linde O3 revs in line, op profit beats, net income better, underlying subdued, trims FY profit
forecasts (trading -1.3%)
•
Oerlikon Q3 revs in line, order intake improvement, EBIT ahead, confirms outlook (trading +0.80%)
•
SAAB O3 sales slight below, orders miss, net income improvement, sees FY sales on a par with
2012 (trading +0.15%)
•
Alfa Laval O3 sales in line, net income below, order intake better, O4 demand on par with O3
(trading -2.1%)
•
Dialog Semi Q3 revs in line, EBITDA better, maintains outlook on expectation of stronger H2
(trading -1.0%)
•
Ferrovial Q3 revs improve, EBITDA declines slightly, dividend better, positive outlook (trading
+2.7%)
•
DSV O3 revs shade light, EBIT ahead, EPS ahead, gaining mkt share, maintains 2013 outlook
(trading -0.20%)
•
BP Q3 adj profit light, net better, increasing quarterly div, plans further $10bn of assets by 2015
(trading +4.9%)
•
Playtech O3 IMS, revs +16% y/y, casino revs strong, confident of achieving FY goals (trading -
0.50%)
•
Regus Q3 good, adding more New Centres to impact O4, potential risk to future profitability
(trading -5.6%)
•
Michelin O3 sales light, FX headwind worse, lowering guidance by 100-150mn, pricing deterioration
(trading 4.4%)
•
Lloyds Bank O3 underlying ahead, ongoing PPI & pension provision concerns, TBV -6.4% q/q
(trading -2.2%)
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