From: Ike Groff Sent: Tue 6/10/2014 9:55:06 AM Subject: Early Tour 6.10.14 Good Morning ... European Markets up 0-50 bps (Denmark/Greece/Swiss +0.75%, UK -0.56%) NKY - 0.85%, SHCOMP +1.08%, HSI +0.86%, KOSPI +1.09%, TWSE +0.65%, ASX +0.10% EUR 1.3558 (-0.26%) JPY 102.35 (+0.17%) EUR/JPY 138.77 (-0.43%) NZD +0.17% RUB - 0.18% US 10yr 2.615% Futures: Dow -22, Nasdaq -7, S&P -4 DXY $80.75 (+10c) Crude $104.63 (+22c) Gold $1253.40 (- 50c) Copper -0.53% Silver -0.22% Nat Gas -0.58% Asian share were mostly higher overnight. Volume improved vs yesterday but still tracking on the lighter side. Shanghai and Hong Kong outperformed (HSI has erased YID loss at today's close) after China reported more benign CPI and PP1 in May which leaves the door open for potentially further stimulus measures. Also helping sentiment was the PBOC announcement of the RRR cut details for eligible banks to help boost lending to smaller companies. Hong Kong listed Macau names continue to get punished on back negative headlines of stricter regulations on UnionPay as well as more GGR downgrades from the sell-side. Japan underperformed as the Nikkei finally dips below the 15k mark in what most were pointing to as profit taking, especially with retail investors (Mothers -2.2%). European markets started the day flat to down small but generally moved higher mid-morning as the EUR rolled over sharply to the 1.3560 level. Denmark, Greece, Swiss all up over 70bps and outperform as they come back online from holiday yesterday. UK lags on profit taking with the FTSE 100 -0.56% (BT worst performing name - 2.8% on news that Sky will launch a new channel dedicated to European football). Quiet overnight in the US. SPA's -4 handles = 1946.20 last. '•'Wholesale Inventories @ 10am, E3 Video Game Conf (LA) begins'•' ***MSCI releases results of Annual Market Classification Review tonight after 5pm*** • eBay's PayPal head David Marcus stepping down to lead Facebook's mobile messaging •