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dom of Saudi Arabia Company. regulated by the Capital Market Authority. This research report has been approved for publication and is distributed in the United Kingdom (UK) to professional dients ad eligible counterpaties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Mernl
right now IX Buy 6M ATM EURSEK straddles: We see a number of key events for the rest of the year wtich should see EURSEK vol rise including ECB and Riksbank meetings as well as the announcement of a new Riksbark Governor. EUR?SEK vol looks cheap on our metrics. Buy EURAJSO out spreads: near.temi headwi
within the meaning of Section 15B of the Securities Exchange Act of 1934. Entities Providing Services. This material has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman Sachs International, Peterborough Court. 133 Fleet S
■ Cryptocurrency proposals are being considered by several central banks, including Singapore's MAS, China's PBOC, Russia's Central Bank, Sweden's Riksbank and Ecuador's Banco Central. ■ A successful central bank cryptocurrency could substantially reduce fraud and tax evasion. Source: Investment Strate
the NYSE, the NASD, NFA and SIPC. In Germany this report is approved and/or communicated by Deutsche Bank AG Frankfurt authorized by the BaFin. In the United Kingdom this report is approved and/or communicated by Deutsche Bank AG London, a member EFTA01464476 of the London Stock Exchange and regulated by the F
Page 11 EFTA01464446 16 May 2013 FX Blueprint: Dashing Buck Meanwhile in Sweden imported deflation is dragging headline CPI further below the Riksbank's projection (in April -0.5% YoY vs the -0.2% projection). For the inflation targeting Riksbank this should mean further policy easing, and it mig
stributed by Deutsche Bank AG acting through its London Branch at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG in the United Kingdom is authorised by the Prudential Regulation Authority and is subject to limited regulation by the Prudential Regulation Authority and Financial Cond
rowth; we should see this in the coming years %yoy 0 1 2 3 4 5 1985 Productivity growth (3y moving avg, ls) Real wage growth (2y lead, rs) Riksbank Norges Bank RBA We disagree with many arguments against hiking rates — and gradual hikes in any case reduce the chance of a policy error Argumen
Investment Strategy
ion/rates inconsistent. ¢ Long RUB/ZAR (positive on oil, cautious on S African politics). ¢ Short EUR/SEK, strong Swedish growth, limiting room for Riksbank easing. Current trade recommendations 2 Global Cross Asset Strategy - Year Ahead | 30 November 2016 BankofAmerica <2” Merrill Lynch HOUSE_OVERSIG
Page: HOUSE_OVERSIGHT_014433 →dom of Saudi Arabia Company, regulated by the Capital Market Authority. This research report: has been approved for publication and is distributed in the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Mer
Page: HOUSE_OVERSIGHT_014457 →FOMC March Meeting Preview
. = Cryptocurrency proposals are being considered by several central banks, including Singapore’s MAS, China’s PBOC, Russia’s Central Bank, Sweden’s Riksbank and Ecuador’s Banco Central. = A successful central bank cryptocurrency could substantially reduce fraud and tax evasion. 23 HOUSE_OVERSIGHT_025686
Page: HOUSE_OVERSIGHT_025687 →within the meaning of Section 15B of the Securities Exchange Act of 1934. Entities Providing Services. This material has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman Sachs International, Peterborough Court, 133 Fleet St
Page: HOUSE_OVERSIGHT_025694 →Entities connected to both United Kingdom and Riksbank

Donald Trump
PERSON
Norway
LOCATION
Frankfurt
LOCATION
New Zealand
LOCATION
Hungary
LOCATION
Bloomberg L.P.
ORGANIZATION
Deutsche Bank
ORGANIZATION
Malaysia
LOCATION
Columbia University
LOCATION
Goldman Sachs
ORGANIZATION
North America
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Bill Gates
PERSONBaFin
ORGANIZATION
Puerto Rico
LOCATION
Moody's
ORGANIZATION
Seoul
LOCATION
Zurich
LOCATION
Michael Bloomberg
PERSON
Bank of America
ORGANIZATION