Copper speculative positions spike to 13-year high,chasing mean-reversion Policy easing at the time of demonetisation Good Morning HK:News Circular Purchase of aircraft leasing business from CK Hutchison at US$978mn Take-aways from management meeting Global Equity Data Monitor: Animal spirits high European Equity Insights: What goes on in Italy, stays in Italy Buy: Let the good times roll Low cost carriers: Init.Spring w. Buy;Chinese lessors: Init. BOCA/FEH w. Buy Sustaining profitability; initiating with Buy