Results for “Bank of America Merrill Lynch Global Research”

…cials research analyst, just returned from a marketing trip. Bottom line: North American investors are very bullish the banks (long only AND hedge funds AND macro funds), but then conclude "I don't own enough". Note that high touch flows have slowed down significantly since Thank...

…from the last few years, when 'the Fed was the only game in town' and everyone and everything floated higher by central bank liquidity... In any case, the dollar should be in a good position to thrive, I think. Economic Olympics. The markets are no longer driven only by the Fed a...

…rades is a rally and/or decline in implied volatility, i-e., the reversal of the selloff recorded since the elections. Bank of America Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 29 Merrill Lynch HOUSE_OVERSIGHT_014759

…eneficial for the NKY position. Chart 31: Japan equities have outperformed during US bear-steepening led by cyclicals, banks and insurance 125 Japan Sector = cyclical outperform on 10 4 UST bear-steepening 8 6 4 2 a 2 4 6 8 -10 424 USDJPY DXY MSCI JP MSCI JP/ Discretionary Fina...

The Bank of Mexico will meet on 29 September, and a 50bp rate hike is already priced in (Chart 4). A stronger hike, perhaps of 75bp, or a 50bp rate hike accompanied by a hawkish statement could lead to MXN strengthening in the very short run. Chart 3: Net speculative USD/MXN pos...

…? We forecast USD/CNY to rise to 7.25 by year-end 2017 based on sustained capital outflows from China and the People’s Bank of China (PBoC) allowing the exchange rate to depreciate accordingly. A key change in the PBoC’s new FX regime, announced in August 2015, is to raise the i...

…, | think there will be little meaningful impact to returns burden and subsequent impact change in regulatory burden to bank returns will be more gradual than what financial stocks are currently pricing in Source: BofA Merrill Lynch Global Research = CCAR a product of regulator...

From: Steven Victor MD 111.11111..... Sent: 11/23/2012 1:06:38 PM To: CC: Subject: Report on Stem Cells future PUBLISHED: 22 NOVEMBER 2012 The view from the US: Stem cell therapy steps up a gear with first approval and improved political climate Special Report Peter Winter Positi...

Robin Solomon EXECUTIVE PROFILE In a career spanning three decades in academic medicine, Robin Solomon has combined patient care, clinical research, philanthropy and business development expertise to build strategic alliances, institutional recognition and revenue. In evolving le...

BofA Merrill Lynch Global Research Source: BofA Merrill Lynch Global Research estimates

…ly low (13" percentile since 2008) correlation is priced near the high end of the reaiised range for the basket of EU banks Basket of SAN, BNP, ING, ISP & DBK 5 100% 90% 80% 80% 70% 60% 60% 40% 13th percentile 50% 40% 20% 2 fox oO = N o st ve) © ye 30% ss 8 & &§ B & &B & & ssss...

…(Chart 69). We like the INR as the preferred long, followed by the IDR, as they offer high risk-adjusted carry, central banks are interested in keeping their currencies stable, current account deficits are bounded, and the currencies are not expensive relative to long term fundam...

…n already pays about 75% of US military hosting costs. However, it seems fair to assume that Japan will be expected to Bankof America <2 Merrill Lynch Japan Economics Viewpoint | 18 November 2016 9 HOUSE_OVERSIGHT_014418

…s. UN secretary-generals have been creatures of the permanent members of the Security Council, the leaders of the World Bank and the International Monetary Fund have been drawn exclusively from the United States and Europe, and dominance in these financial institutions has occasi...

rc errti—“(iCssssi‘CSCSOCO LUDO Banks Takeaways With our conference coming a week following a historic US presidential election that helped boost bank stocks by 12%, bank management teams were generally optimistic with regards to the economic outlook heading into 2017. Greater f...