EFTA01473288Set 10
2015-05-0644p6,337w
line
Alibaba delivered March Q total GMV of RMB600b (+40%YoY/-24%QoQ), 0.3%
higher than DBe. Blended take rate was 2.17% (flat YoY), some 7bps higher
than DBe Mobile ... roughly 17bps higher than DBe.
Total revenue was RMB17.4b (+45%YoY/-33%QoQ), 6%/3% ahead of
DBe/cons. Non-GAAP EBITDA was RMB8.6b (+25%YoY/-43%QoQ), 9% higher
than ... lower than the Street. Non-GAAP operating income was
RMB7.2b (+13%YoY/-48%QoQ), 9% higher than DBe and 6% short of
consensus. Non-GAAP net income was RMB7.7b
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01473288.pdf
EFTA01459721Set 10
2016-02-051p551w
January level the Italian composite PMI is still consistent with
+0.3% qoq growth, just below our +0.4% qoq Q1 call. Credit conditions in
particular continue to be supportive of ongoing ... normalization of Spanish GDP growth in 2016 from the very
at,
impressive +0.9% qoq seen on average during 2015. The largest reasons for
this are the credit dynamics. With ... just Scarce ducal* an Agetk III•••AMMIN
below our expected +0.6% qoq Q1 GDP growth in Spain, although it should be
noted that the PMIs have underestimated the pace
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459721.pdf
EFTA01459618Set 10
2016-02-051p521w
area composite PMI is in line with euro area GDP growth of around
+0.4% qoq as we move into 2016, consistent with our expectation for O1
(Figure 4). The surveys ... month's data, the PMI signals a
healthy GDP growth of 0.5% qoq, which is in line with our current Q1 GDP
forecast, and would be an acceleration from ... growth, which is
expected by the Statistical Office to be around /14% qoq. The detailed Q4
release is due on 12 February. We expect underlying growth to be solely
domestically
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459618.pdf
EFTA01459720Set 10
2016-02-051p521w
area composite PMI is in line with euro area GDP growth of around
+0.4% qoq as we move into 2016, consistent with our expectation for O1
(Figure 4). The surveys ... month's data, the PMI signals a
healthy GDP growth of 0.5% qoq, which is in line with our current Q1 GDP
forecast, and would be an acceleration from ... growth, which is
expected by the Statistical Office to be around /14% qoq. The detailed Q4
release is due on 12 February. We expect underlying growth to be solely
domestically
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459720.pdf
EFTA01475956Set 10
2015-12-08298p51,111w
with less liquidity
Figure 1: Macro-economic activity & inflation forecasts: US
Economic activity
2015
(% qoq, saar)
GDP
Private consumption
Investment (inc. inventories)
Gov't consumption
Exports
Imports
Contribution (pp): Stocks ... EFTA01476019
Figure 4: Macro-economic activity & inflation forecasts: Euro area
Economic activity
2015
(% qoq, saar)
GDP
Private consumption
Investment
Gov't consumption
Exports
Imports
Contribution (pp): Stocks
Net trade
Industrial ... room to cut.
Figure 14: Macro-economic activity & inflation forecasts: UK
Economic activity
2015
(% qoq, saar)
GDP
Private consumption
Investment
Gov't consumption
Exports
Imports
Domestic demand
Contribution (pp): Stocks
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01475956.pdf
EFTA01097864Set 9
2015-02-0615p7,276w
growth for
end of 2014. Industrial production declined 2.8% MoM in December, 1.6%
2014
QoQ in 4Q14 and 3.2% in 2014. Other indicators have remained quite weak too,
especially consumer ... confidence in most sectors of the economy.
We believe that 4Q14 GDP fell 0.1% QoQ. Therefore, we have lowered our
2014 growth forecast to zero from
https://www.justice.gov/epstein/files/DataSet%209/EFTA01097864.pdf
EFTA02455442Set 11
2016-08-094p993w
sans-s=rir>Summary:
*=A0 We expect US nonfarm productiv=ty to increase 0.6% qoq saar, up from -0.6% in 1=.
Japan: After a decent JGB auction, if yields decline ... aml.com/r?q=cBi971EQ5psYN2afhlilEA&e=jeevacation%40gmail.com&h=3DUfcyuw> .
=p class="MsoNormal">
We expect US nonfarm productivity to increase 0.6% <=pan>qoq saar, up from -0.6% in 1Q. However, it would still result
in the year-over
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02455442.pdf
EFTA02391969Set 11
2015-02-253p929w
unch, Lead Vols are unch Zinc Vols unch
Upcoming Data
24/2- DE GDP SA QoQ- Sury 0.7%, Actual 0.7%, Prior 0.7%
24/2- EC CPI QoQ- Sury -1.6%, Actual -1.6%, Prior
https://www.justice.gov/epstein/files/DataSet%2011/EFTA02391969.pdf
EFTA00821734Set 9
2016-08-092p1,032w
image001gif01D1F22E14C669E0.gif
L;;cid:389 17479
Summary:
We expect US nonfarm productivity to increase 0.6% qoq saar, up from -0.6% in 1Q.
Japan: After a decent JGB auction jLyieldc decline further ... achieved by March 7017.
We expect US nonfarm productivity to increase 0.6% qoq saar, up from -0.6% in 1Q. However, it would still result in the year-over-year rate
https://www.justice.gov/epstein/files/DataSet%209/EFTA00821734.pdf