- Raises emerging market stocks to overweight in 2009
- Remains very underweight on EMEA stocks

Americas Macro sector headlines

• Today 07:06am
  Bernstein Analyst Brad Hintz: Does not expect IPO market to reach bottom until 2010- Expects credit markets to begin recovery in H2 of 2009
  
• FDO Today 07:00am
  Family Dollar Stores Inc Reports Q1 $0.42 v $0.40e, R $1.68B v $1.75Be, SSS +2.1% y/y- Guides Q2 $0.48-0.52 v $0.47e, SSS +3% to 5% - Guides FY09 EPS $1.63-1.81 v $1.69e, SSS +2% to 4%
  
• Today 07:00am
  (US) MBA Mortgage Applications: -8.2% V 0.0% prior- Rifi -12.3% at 5904.5
  
• Today 06:47am
  * TED SPREAD OPENS AT 126 BPS V 129 BPS PRIOR; LIBOR-OIS SPREAD AT 121 BPS V 123 BPS PRIOR
  
• Today 06:46am
  * 3-MONTH USD LIBOR FIXINGS: 1.40% V 1.41% PRIOR; OVERNIGHT 0.11% V 0.12% PRIOR- Overnight GBP Libor fixing: 2.00% v 2.00% prior - Overnight EUR Libor fixing: 2.10% v 2.11% prior Three-Month more...