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OVERSIGHT_014575 --- PAGE BREAK --- Exhibit 41: European Commission Industrial Confidence Survey Eurozone business s
titative easing through December 2017. Meanwhile, the European Commission has endorsed a moderate fiscal easing of 0.5% of
jaws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is re
Investment Strategy
asset class also received a boost last week when the European Commission submitted a proposal for AT1 coupons to be priori
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS): Merrill Lynch (Canada): Merrill Lynch Cana
: Merrill Lynch (Singapore) Pte Ltd, regulated by the Monetary Authority of Singapore (MAS); Merrill Lynch (Canada): Merrill Lynch Cana
ck-up in EU Consumer Confidence should boost Media 0.9 0 0.85 r 0.95 09 °8 -10 0.75 0.85 15 07 08 === Stoxx Media Price relative -20 0.65 0.75 ———European Commission Consumer _5¢ 0.6 Confidence Index 0.7 emmee Stoxx Media-relative to Tech 0.55 -30 0.65 a NS © RS ee ee et ee He Hote Hoe HESOE FPS GF WT SF CF CE
Page: HOUSE_OVERSIGHT_014492 →ieve it is likely to be ratified. US-EU Trade Friction: Tension between the US and European Union eased significantly after a July 2018 deal between European Commission President Juncker and President Trump to “work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods
Page: HOUSE_OVERSIGHT_026915 →s; GSI is regulated by the Financial Conduct Authority and the Prudential Regulation Authority under laws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is regulated by the Securities and Futures Commission under Hong Kong laws; all of which differ from Australian la
Page: HOUSE_OVERSIGHT_026922 →laws in the United Kingdom; GSSP is regulated by the Monetary Authority of Singapore under Singaporean laws; and GSALLC is re
ieve it is likely to be ratified. US-EU Trade Friction: Tension between the US and European Union eased significantly after a July 2018 deal between European Commission President Juncker and President Trump to “work together toward zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods
Page: HOUSE_OVERSIGHT_026900 →Entities connected to both the European Commission and The Monetary Authority of Singapore

Donald Trump
PERSON
Jeffrey Epstein
PERSON
Michael Bloomberg
PERSON
United Kingdom
LOCATIONthe Dubai Financial Services Authority
ORGANIZATION
United States
LOCATION
Seoul
LOCATION
Barack Obama
PERSONthe Prudential Regulation Authority
ORGANIZATION
Marc Rich
PERSON
Frankfurt
LOCATION
the Financial Services Agency
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Paul Ryan
PERSONthe Capital Market Authority
ORGANIZATIONMerrill Lynch Argentina SA
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Merrill Lynch
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International
ORGANIZATION