Purchase of aircraft leasing business from CK Hutchison at US$978mn Take-aways from management meeting Daily Express Global Equity Data Monitor: Animal spirits high European Equity Insights: What goes on in Italy, stays in Italy Low cost carriers: Init.Spring w. Buy;Chinese lessors: Init. BOCA/FEH w. Buy Sustaining profitability; initiating with Buy Slower mobile net-adds in Oct, stable 3G sub growth Global Commodities Research Japan：More Of The Same From BOJ In November MPM