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ffect on MXN We provide an empirical analysis of Donald Trump’s effects on the Mexican peso. Our analysis suggest
; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financ
Unauthorized redistribution of this report is prohibited. This report is intended for [email protected] Liquid Insight Trump’s effect on MXN Key takeaways ¢ We provide an empirical analysis of Donald Trump's potential effects on the Mexican peso ¢ Our analysis suggests t
Page: HOUSE_OVERSIGHT_010609 →ohibited. This report is intended for [email protected] Liquid Insight Trump’s effect on MXN Key takeaways ¢ We provide an empirical analysis of Donald Trump's potential effects on the Mexican peso ¢ Our analysis suggests the exchange rate is perhaps as much as 15% undervalued « We remain neutral for now g
Page: HOUSE_OVERSIGHT_010609 →Quantitative Analysis
; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financ
reform OK, maybe it’s not as inevitable as death and taxes, but some form of corporate tax reform seems likely. It is a stated priority of President Trump and has widespread Congressional support. We here focus on four components that could have big equity implications. We assess the impacts at a market
Page: HOUSE_OVERSIGHT_023069 →x reform seems likely. It is a stated priority of President Trump and has widespread Congressional support. We here
Page: HOUSE_OVERSIGHT_023069 →scenario for Japan is a combination of rising US protectionism, sliding global trade, and a stronger yen, which could reduce 2017 growth to zero. The Trump presidency may increase pressure on Japan to achieve greater military self-reliance, boosting defense spending. There will also be greater incentives
Page: HOUSE_OVERSIGHT_014410 →ibutes, or may in South Africa ( PRA}; Merrill Lynch (Aus Pacific) Limited, regulate Singapore (MAS); Merrill CV, Casa de Bolsa, regulated by japan}: Merrill Lynch Japan Sec Financial Supervisory Service; regulated by the Securities and srael Limited, regulated by Isra DIFC): Merrill Lynch Inte Comisi6n Nacional del M err
Page: HOUSE_OVERSIGHT_014422 →Earnings Preview
; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer under the Financ
a recent interview with the Financial Times that international tourism to the US (Expedia’s key market) has decelerated following the introduction of Trump’s travel bans, which may be a downside risk to 1Q bookings and revenues. This mirrors ForwardKeys data from early March that after Trump’s executive
Page: HOUSE_OVERSIGHT_014905 →Entities connected to both Donald Trump and Merrill Lynch Japan Sec

Marc Rich
PERSON
Paul Ryan
PERSON
United Kingdom
LOCATION
Michael Bloomberg
PERSON
Frankfurt
LOCATION
Seoul
LOCATION
Bank of America
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATIONThe Monetary Authority of Singapore
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONMerchant Bank
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATION