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rill Lynch Canada Inc, regulated by the Investment Industry RegulatoryOrganization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico SA de CV, Casa de Bolsa, regulated by the Comisi6n Nacional Bancaria y de Valores; Merrill Lynch 'Argentina): Merrill Lynch Argentina SA, regulated by Conisien Nacional de V
ts may explain why Draghi gave up on the currency this week. But something has been lost in the process and the Euro could now appreciate freely if Eurozone data keeps improving. BoJ only dovish major central bank The BoJ left its policy unchanged this week and Governor Kuroda justified the current po
tem from abroad. Specifically, we see higher uncertainty over global trade, risk sentiment, and FX as a result of political transitions in the US and Eurozone. We consider multiple policy scenarios under a Trump presidency. Trump’s campaign promises have mixed implications for Japan. On a positive note dere
Page: HOUSE_OVERSIGHT_014417 →liate Research Reports: LPF&S distributes, 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):
Page: HOUSE_OVERSIGHT_014422 →ad | 16 November 2016 HOUSE_OVERSIGHT_014735 --- PAGE BREAK --- target. It is possible that Trump’s election could weaken fiscal discipline in the Eurozone over the medium term, but we are more concerned by the non-trivial risk that the ECB may disappoint in the December meeting by either not extending q
Page: HOUSE_OVERSIGHT_014736 →ill Lynch Canada Inc, regulated by the Investment Industry Regulatory Organization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico, SA de CV, Casa de Bolsa, regulated by the Comisidn Nacional Bancaria y de Valores; Merrill Lynch (Argentina): Merrill Lynch Argentina SA, regulated by Comisién Nacional de V
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both Casa de Bolsa and Eurozone

United Kingdom
LOCATION
Barack Obama
PERSON
Donald Trump
PERSON
Bloomberg L.P.
ORGANIZATION
Frankfurt
LOCATION
United States
LOCATION
Michael Bloomberg
PERSONthe Dubai Financial Services Authority
ORGANIZATION
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATIONthe Central Bank of Ireland
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONThe Monetary Authority of Singapore
ORGANIZATION
Belgium
LOCATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Seoul
LOCATIONBaFin
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONMerchant Bank
ORGANIZATION