BAML Says Use Bank SWAPS To Hedge Populist Movement In EUMark Melin
After being badly burnt by surprise Populist Movement election outcomes of Brexit and Donald Trump, and with another populist victor in the Italian constitutional election in mind, European markets are wary ahead of the April 23 French election. The result could have meaningful consequences for the European Union and the unified euro currency, and thus economic stability. A February 10 Bank of America Merrill Lynch report considers the election that is a short two months away, attempts to handicap the outcome as well as engaging in the one activity . . .
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