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Investment Strategy
Merkel is returned at the head of a coalition government in Germany. Chart 19: German polls show a consistent lead for Merkel’s CDU party Chart 20: Fillon well ahead of Le Pen in polls showing a potential run-off 40 100 : 90 " Oy On%@ gate 20 tHe “008 as” “ehan 46 06 4 80 30 +4 4 a aa a a4 a4 4 70 2 1 a
Page: HOUSE_OVERSIGHT_014443 →ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S an
Page: HOUSE_OVERSIGHT_014457 →European politics. Will Europe follow the route to populism (revolt from the voters) or will we find relief for the markets by the end of 2017 from a Fillon/Merkel duo being in charge of the Euro area’s two largest economies. We think investors will demand a higher risk premium until the French Elections
Page: HOUSE_OVERSIGHT_014461 →ch (DIFC) are done so in accordance with the requirements of the DFSA conduct of business rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S an
Page: HOUSE_OVERSIGHT_014496 →ce should stay in the European Union, and, should she win, questions about the viability of the Eurozone will surface immediately.°* While polls show Fillon well ahead of Le Pen, polls have been wrong on the UK and Italian referenda and the US election. The Eurasia Group, for one, assigns a 30% probabilit
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Page: HOUSE_OVERSIGHT_014621 →Entities connected to both Frankfurt and Fillon

United States
LOCATION
United Kingdom
LOCATION
Donald Trump
PERSONthe Prudential Regulation Authority
ORGANIZATIONBaFin
ORGANIZATION
Atlanta
LOCATION
Michael Bloomberg
PERSON
Seoul
LOCATION
the Financial Services Agency
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONthe Capital Market Authority
ORGANIZATION
Merrill Lynch
ORGANIZATION
Barack Obama
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATION
Bank of America
ORGANIZATION
Bank of America Corporation
ORGANIZATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
BofA Merrill Lynch
ORGANIZATION