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by UBS AG, authorized and regulated in the UK by the Financial Services Authority. A member of the London Stock Exchange. This publ
k of England supports equities. Key date: 8 Nov, Bank of England policy meeting 2 UBS Recommendations Tactical
ding to market capitalization. Developments in commodity prices affect earnings estimates. Commodity prices Policy action Loose monetary policy by the Bank of England supports equities. Key date: 8 Nov, Bank of England policy meeting 2 UBS Recommendations Tactical (6 months) e The UK offers an attractive 4% di
Page: HOUSE_OVERSIGHT_025263 →aliyah Tower. King Fahad Road. P.O. Box 51907. Riyadh 11553. Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank. N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai International Financial Centre - Building 3. Level 7. PO Box 506551, Dubai. UAE. Country and Region Spec
of the tumbling equity market. President Obama's re-election perhaps also diminishes expectations of a change in course at the Fed. • The ECB and the Bank of England stood pat at their policy meetings this week, but the latter delivered a curveball today, announcing that its net coupon income from QE would be tr
Settlements BLS: Bureau of Labor Statistics BOE: Bank of England BOJ: Bank of Japan CAGR: compound annual growth
and the resulting consensus view that the UK was destined for recession. Although the 20% decline in the trade-weighted sterling and rapid easing by the Bank of England were no doubt pivotal in avoiding that fate, the immediate impact of the Brexit referendum has been far less destructive than feared. But as we begi
Page: HOUSE_OVERSIGHT_014577 →lica mientras no sean inscritos en el Registro de Valores correspondiente. Dubai: Goldman Sachs International ("GSI"} is authorised and regulated by the Dubai Financial Services Authority ("DFSA’} in the DIFC and the Financial Services Authority ("FSA") authorised by the Prudential Regulation Authority and regulated by the Financial Co
Page: HOUSE_OVERSIGHT_014618 →Investment Strategy
& Source: Bloomberg Source: Bloomberg The other fixed income trade we continue to like is short 5Y UK real rates. The market continues to discount the Bank of England consistently overshooting its inflation target without a response on monetary policy. Yet Governor Carney and other members of the BOE’s MPC have sai
Page: HOUSE_OVERSIGHT_014444 →rities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Dubai Financial Services Authority (DFSA); Merrill Lynch (Spain): Merrill Lynch Capital Markets Espana, S.AS.V., regulated by Comision Nacional del Mercado De Valores; Merrill Lynch (B
Page: HOUSE_OVERSIGHT_014457 →ream of the tumbling equity market. President Obama’s re-election perhaps also diminishes expectations of a change in course at the Fed. The ECB and the Bank of England stood pat at their policy meetings this week, but the latter delivered a curveball today, announcing that its net coupon income from QE would be tran
Page: HOUSE_OVERSIGHT_026573 →saliyah Tower, King Fahad Road, P.O. Box 51907, Riyadh 11553, Kingdom of Saudi Arabia. Dubai: JPMorgan Chase Bank, N.A., Dubai Branch is regulated by the Dubai Financial Services Authority (DFSA) and its registered address is Dubai International Financial Centre - Building 3, Level 7, PO Box 506551, Dubai, UAE. Country and Region Speci
Page: HOUSE_OVERSIGHT_026578 →Entities connected to both the Dubai Financial Services Authority and the Bank of England

Malaysia
LOCATION
Frankfurt
LOCATION
Riyadh
LOCATION
Deutsche Bank
ORGANIZATION
United Kingdom
LOCATION
New Zealand
LOCATIONThe Monetary Authority of Singapore
ORGANIZATION
Michael Bloomberg
PERSON
Bloomberg L.P.
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATION
Donald Trump
PERSON
Seoul
LOCATION
United States
LOCATIONthe Capital Market Authority
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Philippines
LOCATION
Bank of America
ORGANIZATION
Chile
LOCATION
Barack Obama
PERSON
North America
LOCATION