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Extraction Summary

6
People
9
Organizations
5
Locations
3
Events
1
Relationships
4
Quotes

Document Information

Type: Financial research report / market strategy note
File Size:
Summary

This document is a Bank of America Merrill Lynch 'European Equity Strategy' report dated December 1, 2016. It analyzes political risks in the Eurozone, specifically focusing on the rise of populism following Brexit and Trump's victory, the upcoming Italian constitutional referendum, and the 2017 French presidential election involving Marine Le Pen and Francois Fillon. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, suggesting it was part of a document production for a congressional investigation.

People (6)

Name Role Context
Donald Trump US President-elect
Mentioned as an example of populism victory in 2016.
Michael Hartnett Strategist/Analyst
Argues that the rise of populism is linked to 'Peak Inequality' and 'Peak Globalisation'.
Renzi Italian Prime Minister (implied)
Mentioned in the context of the Italian constitutional referendum; expected to stay on despite potential vote outcome.
Marine Le Pen Front National leader
Discussed as a major risk for European markets in 2017; candidate in French presidential election.
Francois Fillon Republican candidate
Candidate in French presidential election; polling ahead of Le Pen.
James Unknown (Likely Analyst)
Mentioned at the very end of the text where the sentence cuts off ('As James').

Organizations (9)

Name Type Context
Bank of America Merrill Lynch
Logo and name appear in the footer.
EU
Mentioned regarding Brexit and Le Pen's potential withdrawal.
Front National
Party led by Marine Le Pen.
5 star movement
Italian political party mentioned in relation to the referendum vote.
Bloomberg
Source for Chart 37.
Ifop
Source for Chart 38.
BVA
Source for Chart 38.
Odoxa
Source for Chart 38.
Harris Interactive
Source for Chart 38.

Timeline (3 events)

2016
UK vote to leave the EU (Brexit) and Donald Trump US election win.
UK / US
UK voters Donald Trump
2016-12-04
Italian Constitutional Reform Vote
Italy
Renzi Italian voters
2017
French Presidential Election
France

Locations (5)

Location Context
Focus region of the report.
UK
Mentioned regarding Brexit.
US
Mentioned regarding the presidential election.
Focus of the section on constitutional reform and banking risks.
Focus of the section on presidential elections.

Relationships (1)

Francois Fillon Political Opponents Marine Le Pen
Discussed as running against each other in the second round runoff of the French presidential election.

Key Quotes (4)

"As Michael Hartnett argues, the rise of populism can be linked to what he refers to as Peak Inequality and Peak Globalisation."
Source
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Quote #1
"A Le Pen victory could prove the biggest risk to European markets in 2017"
Source
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Quote #2
"The bigger issue is likely recapitalisation of the Italian banks."
Source
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Quote #3
"The worry is that a Le Pen Presidency could bring the future of the EU and the Euro into question"
Source
HOUSE_OVERSIGHT_014475.jpg
Quote #4

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