From: Sent: Thur 10/10/2013 9:52:22 AM Subject: Early Tour 10.10.13 Good Morning ... European Markets up 85-175 bps ... NKY +1.12%, SHCOMP -0.94%, KOSPI -0.07%, HSI -0.56%, ASX -0.11%, TWSE (closed) EUR 1.3524 (unch) JPY 97.82 (-0.49%) EUR/JPY 132.29 (+0.49%) AUD 0.9433 (-0.12%) NZD 0.8255 (-0.59%) SEK 6.51 (-0.72%) US 10yr 2.69% Japan 10yr 0.65% Germany 10yr 1.85% Portugal 10yr 6.43% Italy 10yr 4.34% Spain 10yr 4.32% Futures: Dow +108, Nasdaq +25, S&P +14 DXY $80.43 (+5c) Crude $101.89 (+28c) Gold $1300.40 (-$6.80) Copper +0.06% Silver -0.14% Asian indices arc skewed higher helped by political optimism with both the WSJ and NYT running articles on the likelihood of a short term US debt deal. Japan outperformed as the weakening JPY helped lift exporters. Shanghai and Hong Kong were lower as stops were triggered on chatter that China is cutting growth estimates from 7.5% to 7.0%. The BOK left rates unchanged as expected and lowered South Korea's 2014 GDP forecast to 3.8% from 4.0%. 2013 GDP forecast of 2.8% was left unchanged. The Australian employment print initially looked light with 9,100 jobs added vs 15k expected, but the unemployment rate unexpectedly dropped to 5.6% from 5.8%. Taiwan was closed for National Day. European markets broadly higher with money being put to work across the region today. Periphery leading the way once again (Spain & Italy +1.7%) and EMU Banks outperform with the SX7E +3.01% and breaking out to new highs. Jobless claims in the US due out in a few hours. SPA's bid higher +14 handles = 1662.50 last. ***BOE rate decision @ 7am (no changes expected to rates or asset purchases)" ***G20 FinMins in DC today & tomorrow for IMF/World Bank annual meetings*** •"Jobless Claims t 8:30am, MU & SWY report Ws after close*" ***ECB's Draghi speaks in New York @ 12:20pm*** EFTA_R1_00764196 EFTA02126025