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LPF&S [email protected] First came Brexit, then Donald Trump’s election as the president of the most powerful co
ion nor any op | Lynch (Asia Pacific) Limited in ngapore recipients of this research Merrill Lynch (Singa
17 Short US Sy rates — Two and a half Fed hikes priced by the rates market for 2017- 18 are not consistent with aggressive fiscal easing promised by Trump. Bankof America Merrill Lynch 16 November 2016 Corrected FX and Rates Global 2. Short US 10y real rates — After the violent repricing of inflatio
Page: HOUSE_OVERSIGHT_014731 →d’s tightening cycles. 6. Buy USD call/CNH put — President Trump will need a weak USD, but President Xi needs a we
Page: HOUSE_OVERSIGHT_014731 →16 November 2016 05:30AM EST HOUSE_OVERSIGHT_014731 --- PAGE BREAK --- Introduction David Woo MLPF&S [email protected] First came Brexit, then Donald Trump’s election as the president of the most powerful country in the world. The world has changed. Possibly irrevocably so. These ground shifts have been b
Page: HOUSE_OVERSIGHT_014732 →| positive fe) Leave today to make Britain even greater 02:55 - CEST https://t.co/NXFjXxIrtl AllahuOQmar | @CharleyyRachael I'd tell her to vote for Trump. But 23 Jun 2016, 0 | negative she's a useless brit. So she can vote for Brexit. 02:55 - CEST FBastiat1 RT @FrenchForTrump: #BREXIT VOTE 23 Jun 2016,
s A£23 billion in the EU's favour 08:39 - CEST | uth JanMarch 2016.WE WILL GET A TRADE DEAL ha€ | HOUSE_OVERSIGHT_011207 jice61 RT @LOrientLeJour: Donald #Trump se rend en 23 Jun 2016, | France 1 | positive #Ecosse en plein vote sur le #Brexit 08:39 - CEST https://t.co/rEmR2xtcj7 joaquimsac | @xismaisxis sA?
Byegium. RS shabz67 RT @dubemol: Brexit: The UK's Donald Trump 23 Jun 2016, | somewh 1 | neutral moment ht
9DVml CNBCi Brexit could slam a group of countries nobodya€™s 23 Jun 2016, | London 0 | negative talking about https://t.co/fdDLUr8hio 03:30-CEST | & Singapo re studios ForeignAffai | The roots of the divisions over Brexit: 23 Jun 2016, | New 0 | neutral rs https://t.co/MKs9IfMjnU 03:30 -CEST | York, NY ba
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Price Objective Change
saction in any | Lynch (Asia Pacific) Limited in ngapore recipients of this research m, or in connection w
west footprint with its low unemployment and a strong manufacturing base. While commenting on the potential for relief coming out of DC under the new Trump administration, management noted that shortage of skilled workers was probably the biggest issue impeding businesses in its footprint versus higher t
Page: HOUSE_OVERSIGHT_014324 →_OVERSIGHT_014364 --- PAGE BREAK --- proposals. Mr. Trump and congress could also ultimately defer to the S
Page: HOUSE_OVERSIGHT_014365 →s F 06872E and 198602 BANA Australia) and ribu ingapore) Pte Ltd in im me a ha der the Banking Act 19
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 →upside on structurally challenged European banks & relatively more bearish outlook for US rates vs EU USDJPY and NKY the biggest beneficiaries of a Trump win Banks and Insurance are the most leveraged sector Banks and Insurance are the most leveraged sector China risk premium rising but A-shares vol
Page: HOUSE_OVERSIGHT_014992 →n of Affiliate Research Reports: LPF&S distributes, or may in the fi South Africa ( PRA}; Merrill Lynch (Australia): Pacific) Limited, regulated by th Singapore (MAS); Merrill Lynch CV, Casa de Bolsa, regulated by japan): Merri Financial Supervisory Service; regulated by the Securities and Excl Lynch Israel
Page: HOUSE_OVERSIGHT_014999 →Entities connected to both Donald Trump and Singapore

Jeffrey Epstein
PERSON
George W. Bush
PERSON
Ghislaine Maxwell
PERSONLeon Black
PERSON
Marc Rich
PERSON
Alan Dershowitz
PERSON
Virginia Giuffre
PERSON
United States
LOCATION
Barack Obama
PERSON
Stephen Hawking
PERSON
Bloomberg L.P.
ORGANIZATION
Vladimir Putin
PERSON
Eric Trump
PERSONCourtney Wild
PERSON
Denver
LOCATION
Vicky Ward
PERSON
Abraham Lincoln
PERSONDoug Band
PERSON
Lesley Groff
PERSON
Robert Gates
PERSON