Epstein Secrets

yst IvWing Lynch (DIFC) Jamie Clark, CFA Commodity Strategist MLI (UK) Research Analyst MLI (UK) Cesar Tiron Sashank Lanka Research Analyst Merril Lynch (DIFC) Belal Rajih Sabbah, CFA Research Analyst Merril L h DIFC) Jean-Michel Saliba EFTA00634193 Research Analyst Merrill Lynch KSA Company

Uppurts :ou igu: g tUitti Disclosures Research Analysis JeartMkbelSOU MENA EconomistfStrategist Hootan Yazhari, CFA MLI (UK) Research Analyst Merdll Lynch (DIFC) This report is intended for Hamdy Hamoudi Road the research report for complete information including Importah dtsclosures and analyse cerld

y. contact Research Opecabcre Recipient Hamdy Hambad) Cola Mackay. CFA, Director Emersins (mom( tAiddle East & Afrit. &mits Sales Bank ol America Merrie Lynch Office: Mis ~erica was piepend by Seks persoon.% of Bonk of Amenko Merrill Lynch opdis subject to the teems ovacith at the JolkwinglMk "SALES VIEW

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or any other Fed °fit- SI WIN ADL Fr Do Associated Pros Ben Bemanke, testifying Thursday. said he never urged Bank of America to keep quiet about Merrill Lynch's troubles. cial urged Bank of America to keep quiet about Merrill Lynch's financial problems. Failing to divulge what he knew about Merrill's trou

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butors paths between Brazil’s easing and the Fed’s tightening cycles. 6. Buy USD call/CNH put — President Trump will need a weak USD, but President Xi needs a weak CNY. We believe risk premium for a collision course is too low. 7. Sell EUR/GBP - Brexit and Trump could bolster the anti-globalization

H put — President Trump will need a weak USD, but President Xi needs a weak CNY. We believe risk premium for a c

Tables for the securities referenced in this research report are available at http://pricecharts.baml.com, or call 1-800-MERRILL to have them mailed. LPF&S or an affiliate was a manager of a public offering of securities of this issuer within the last 12 months: Brazil, Italy, Turkey. The issuer is or wa

PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by t regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): P Comisién Nacional del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merr This research report: has been approved for p

ca}: Merrill Lynch d the Prudential Regulation Authority (Hong Kong): Merrill Lynch (Asia lated by the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lynch KSA Company, each is defined in the rules of the by the PRA and regulated by the FCA and the PRA, and is distributed in the

and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB} and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore) are regulated b

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Comissdo de erril as each i by tl ed, London he PRA and regulated by the Branch, which is authorized by the Cen ral Bank and distributed in H errill Lynch (India}; International Bank L ingapore) are regula long Kong by Merrill Lynch (H and is issued and distribu imited (Merchant Bank} (ML ed by MAS. Ba

or was, within the e US, retail sales and/or dis F&S or an affiliate has received F&S or an affiliate expects to re ibas, Deutsche Bank, ING Group, LPF&S together with its affiliates ownership position on he report: BNP Paribas The issuer is or was, wi ntesa, Santander. BofA Merrill Corporation, inc

u report: has been approved for publication and is dis RA) by MLI (UK) and Bank of America Merrill Lynch | the FCA and the PRA) by RA - details about Lynch (Japan), a registered securities dea investors and/or accredited investors pared and issued by Merrill Lynch U rael Securities Aut ores; Merrill

erri ry Au Federa regu Merrill Lynch 5 defined int of Ireland and subje KSA Comp he rules of FCA and the PRA, and is distributed in the UK to rill Lynch hority of h Mexico, SA de errill Lynch he | Lynch Limited, ll Lynch (Israel}: ion; Merril errill Lynch by any, ated he ct to buted in Japan