Banks, Brokers Gird for Brexit-Style Tumult Following Tuesday’s Election

JFIF;CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 80 C   %# , #&')*)-0-(0%()(C   (((((((((((((((((((((((((((((((((((((((((((((((((((" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz w!1AQaq"2B #3Rbr $4%&'()*56789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz ?k[BIEAon!N1ԈZw 2\A2SZ6i$Q[+ɯo?>+7?xI F1K}k5{sqaKcn2{ڳa !]x*A%Dc[C7RhErulpȷU {*/4tVѦЖ`RO3}U \^i[ҡVM:35ۃpEzoE_z]B/.֒=0pPa^\@Aa}+›AK%E6 :Z^);6UXs[x6SWm;J4X.*KV߇hHVU;0g MnsejVas)`K1YEoB2hWIJ6k~zՋ{>Q_oi S6-"FV8x]yQ 11vDiI%W9)rC{+rҫ[ *M2b@g$VONP'i&1\hnjhgL)`'B:: D5ֱ]=Sqk+%r r]wFKwj?F=;O}V-J9}Wq[ɝF܀}sUSm(ߙr1U5o@#+; kKsÐkҾ-krշt|d5GۣB΋U^1n-v V>b: ??Y3'lr_Jڭir-m3/IkODgBP!<]ս'.iFVxm#ͶҮZвH6%梸ewcy`vtk8n&kQܲnn#E^$_C\_jWnҾc8[ScrNrzj:\$K6һeIiqaVnncYVA~$&CS Ώ{"P2=*bhTt䲌Cemolb$?d({džRT.۝4k#$sݒX懢]WUp!Y J^>1ZD7GMRXV=!>߼m)YZ'ihVZvmc.v>+5 4XA92WbԫdGI$ !ujPRIU]=CmS0sA\Uk[&#wћ88y{-sѮu fYۗ =XNi{*|(C]r]fO}[2#v?tmlh[?{rs}Bqofk(Lɷ5G=Vžx,vRIc#޲.d{ne$|GϖJSl2mo${]u+%2,"؊V} y#\*sT7P߻Lұ%{hoEE21O!{U@zgaS#s{T ]Dv3_<*/GЊ-e0,d |߼.3Ү-HVJqTr+]4&OdҥDNbRSWbZ5bc^ T kpg9kC$1|ʾYAʑWti-#zִgfg8\խ_ND$^+ v7(DZeP[r&.o~pY=k%*gvlk\}6<=jTWGq liIs#JrIg¯%Gݸ>c\ :Uz1tAY|e#o$m\{V36ϛO&_5anV֛yAsT^3HU/Jݷ?J-c |⹛)._S{ӺCO>)8#<0ψz]OO!'9ޕ4Gtgtirnu1\q\ҋ#-"QskcOq}l|1 bm W  TU֓TS(^CGHhe$8aiH3Et+{|%b2y2#nWҶz/h}5.H~\*44:32~X\ɧ՜b݄Z^rrN}jD*9sU`*M$#;oҺHkw]$ReڵMBU+tckOz6MTcpdŜ1eQiKiv0鏭pڙT2掀~9s:GV4;;l6`гY6^)_Zjə!V#2{@ BˍzQ$>E=7%I=]&+Kd5/j2mԄS:Ui.n0 i#ӑm̻=L9{.Ǧ2(A>rfV}.>T\y^ B9eMs=kzψ. +%A;: ,b.JMFVI@ yy|h(uQ,*SampƒATt]Jkn6?2ȨAr,OFFgZt#o8qSK2ps}*F-ʅo/՞O"cK.S,Gjgp/jgE#nE5FG=)U&m(5z𽜪P#ri$HJЊ^nKKԚ 8&Kt~[Y6pkQk[Y#uʒ3o4,L,0/G8=4ϟ-1]9I^~#ӅjP._דI}X,n!#7Hѵ S\‹ttJ*q=dKʱk"p~Pi:juxjհ\nurUF1o;mlќڵ ]fdUA}nwm=Շ}O)ʲjE֣K*,XOZWK1JrID(6՗ϭ: YG4QeX]kI7KKȷcVJ0 ԚM7z o6+v@;GVY]نPv}WV/Ce2K`$vBϵyv~v5h HV*-pcS-F*$[ͬ4by-BkN^>&K{"XkWz8HZzWVd(N.H'>U|9\﩯E[iypc$0[G*[J[DO;Ҵ-.g:T#JtiRsۡ` uZŢ2RF~On.,̑dZ͕ Tw =j;oG皸,}<Gn#IyHlPI]}*,Yn! "y Vt6R_zd*WMz񢴖K WOiسH-QNyZ%$vЬb(#ι9]iJcUrۃ>D \ wQC08Bng2'Q݌wHƪȻ.۷(ǭt7P# NF GQT :~50$ d\kIkpLX;w+@/ծIs:F1gAb7*7AָV wVgW[gL~rҰfct]CX}kf=i$h鄓Vf6Ү%SWcit³x%>j74`YkI )oU# Vv1=OjTtq$R GB`*v@9okXH4;q&=ROA^[w鷳hRxWjWip?q xu5ZLu+oMqxEwH&{Ie_.E==]X<#bX֯i7+VޔRԥ˪6SNƃTݞ?մj]oq1JJխH)S 7Zܟ1ȝ?5bDKC@j=SB÷z≮r5˅={ՒNh|Hj8t.+GُsQ7 e&A@f+%nI?t- m{P>H],bA,ygҷba(yXtZJVZZmSͻ~2;~55m l.5)~g<:eg;PV^@/pǿ}+dN7{t4no5k;-Mu`x WMkتTg+z@ b%ZW{'艴=aU@ `֞å89C-wPXƓ?u8ܧ{WT*+3_X$ILh7c+K 67HR+i-Xf|Ǒ*=wdoVfq|2no-L-oQbE֯BM}wYnצiq^ZE< 9GojNmJ|bvR_B.c[S9ǭhOOS>S-m VzIshbQ>id`G[rHZA-W1C"FeZ-296yl$[+&'mIi)ٴr q}MF2f8:UI1dTg$7XA:fۈr!}2K q4y(gxQ5?nEQcҼ <17BJNWk7Gx1,Dxv+Vٗ#ɑ޴s%Z:-p %\&6B_tN7ZB="2'¾~=5IsAs>pךGkbL O8'k%غpIj:7%2 ~YxvM:;<Sd]&4m Fa]nqϳ͆mRy訷b+T{t L]47LJ3asO<-<Q3g/ޡ񌖶FyaַOF`ͱ!JR pv0y5TF+(Y$fw=UlEvaܪVRFG??|֞o01J\q]΀%T^ Xv9cKݹ;rx`~`3ڢpLomrx}j( o1w~XQRe F2A#arЎ6ʩtOiysֵ4Kӯ|1g4B{Qsll #uz]1;\$qIt:MsKIc g^I @+uAn"k+L Η4A_cEj|B#_C՟a;#=*弢u;eNWUiziPL2gOhf<^TnP.+[we{2ƌ!cHYf&è J2{X5=/mA`8޵ƹC).Gg֌ 4$Sڽ[O\U1^m[ 2iR* qڟ.I-t$پZs\fn񟉖Q "PFW<2sַ;}lP$nZ;dj ҢI\1|;jm zz~XW )$V4d Skǩ@No6_ޓ n8{r+ ~ɣc]';(ӾkSOѼ7aAC\I8twCSV<S)Ies^|A,zG5kr.`IQXI&cHvr~89Wa>L,ZI2V3QBB9VOY#S֙4+"yCTVy,PͻI=QzU'#*RԴiLV2m)⺭+BTY'1*4U?t/!mqG0Rw6Ց tX2daexTNN =kio'-!b lpͨJv ~svBK\܋=/?y(+jU𵱶q81%b^j־6:I_ēvZYk.#@påK nqJku\pqS:ln,G']¿wypMͯ>@l(P7^>N_dKM2}-(AV8|P+,}̑%C zia$/]*ӅY&Oh‚,OR,`{Z/-9$}ǐނ7c~WTJktKmd88䷧5{ĒIRbYYv6/&$~_ #c1eJRȗN=f]V?goۺ0\FN+}r]ҲK?kNofg1J2?0CWJ}ƪDKґ%h$0ÎzֶWv=}+*[b̪FXyoJ؞I,-|R\X%gp5-.lAY++O)b܎Yi+NK=_IP%L){f7tڬ=Ӵ ljg żԢvpbIY !ӿ&[Vh#3X\L1"{\˒}A98DQvZ!MHJ#SF x#ZR妣s%$w !.>薑L㾧/M;{߇ X"`x]m{Ecg+@ v*l9X%s|:$F,( '9Vr93G-]ۥ.Y=kOOu%gxIZFfs$GrQZQPFq:ު^^c-FFy|w9ӾԂQ$#=ImAALû1;/ =uW񉵔J5>-kM{i.~OQ]Q iMWgwe4[nybi짋Rr&BN]/oM M?=k ͹j2O&Վ)Oʧ֯i:\e8A0aY(R)#-a;^Ij$(Ӯ~{iOC\oc2+!h/. .#b=jk{D@942,L$IqGIZ%B5ivȇ=GK{+0e'sI,Hrl,|U2U~ؗ7gcY"Y#!nGV팱=+%NcB IevkAWf6֨$ R ~|NqC2n Y3(c>rjzz0*51 &;ڳ{IV>U7֨*H(8T vlT2{R x2zUxT_cvϝz砩ZGS[+mmEj2tڴHNF7x'+LD̈́FG@: "g''jZuᅵ 2j.M2|ޕKI[LA9kOH9'wP0n?ޕN漩"Ȍ(=3Yx N F>=E]si?Sbz(ѣ4T|ޕtguO!G$ʊA5Em#L{SگKm3v88+ r%#+[By&Ru5a~lsSJm *OzkjzFCWvFnv2,.;q빷<ddezd)ZjZw,>ťm>f>{W/iwr7sPPڧ#Yj$jtKU57A6uH'4T3\1vM^=ķT*nkRQA?#-裁bB T?*+:}XOPَN}kֶ@_qIE (>YZ<ƛ<td_^oZCwmtĄ-k,z:9#4lB+t%x#2xwUs! ޥ;NqA4_ꟓƋ;CĨAC[(_:DO]m/Uu>\͜?zqiJXk6&T󦿈$v?MgΣ$ߛk.5<8r(-Qdq*+䯵jG,;Q,E^Yz>"x_O0p9kzƯ!c_\QGJޕ72"d~}:8e%K;~Ϥ/o:Ycɥq>,kZdcpTj9#QIiji:dI?y}{5AJGL:e>[+о<9>I2X֪zLU.Z M{Q raHWI_i|1Hv^a֚Yўᤊ@2Y{ 1ꗭ ZCSi۱hh[-QT5'ndoY#ϗ pXzu;;M< )ZkdV9%jZ[$&׵C7LgvX3UXm?#M;Nu [qm%#Xj:-Yڕg Zee^gj[Ԓ'qqzv@6U]3LEHtVг N9&Rn,v}n°uqQYZKv[EZm bF'֝ZRK.*{o5a1nbD=w|4҆pr =*/z54fơ$g!kjNv<ɉ*{lj8LChs׼eɷ>֟+Ab MP{QJD:mj̸=U:}eg=X_oGX^Wq{ 5MZMj]LL쏡x{V^ϬN^&8ڧm'ey GnNze>'p8~Yk `T6ꐦȔ zt: p83iӍ5-ݗd#hjǯ[5K+yF> -3(~UwMg{ jOpZb-HI;F*Vq50Z5RV͡pk1xf&֊D4tVUt śSXHЖptHNsҪ!zV[\EmZ̐FĶXFZ: 4aڲntp?ҲmPx}vP>_i[0aqRm ޯtLtfe ihdTsUM7 /k[!gh( 2OQ޷g8-Uؓؼ;ևm#SϽK$x95mVҿ1ּǛ7|V"G&ZCEFXpt9\5ɯV8d.oIy!rRBs[2zR)2y Cw8LƩӎ*,6]LOһ vEke<=KJ*ţ^@n֭ wA1h 0Σ_񪺮w,Ɋ8ʌCegىnqV1IԳLGMk=~y$qt#0X7K֖xU[i#X]VvQb^zT[Ց:t].d?3ʢyH?+5=uGHZ"F\uz淓qЊqu{IcNdcG5h%98 kφ~(3[#㏂N&Lq QrR'ᇡAkMR}3PZ\Ex-၃ Ez7<[fG\VfTOiM2A r)+@ ;acIv>̳j(XAX9])<֋w9+3 5-.!E]X'm.18`2Ox?VWyX+uMKOUmB:7?Z蔣%̔>a F o>=Nin6^Wѿn5Eޟ{l׏2?/Q\j~kZ Ĭ#(7*|i$X޹իqrڝ;}jH]q֊wԗjUg8sg_ \x H]#Uu牣6 z=S&xn,͇AE8%'vEIDt;-F|fJJ{]NZ8f̴36jIS1y0!1ҵ.%XJdI1Clv塑g"ecq4crt\5ݛIH,v6,/P4D gkGهoJOi)?5@jDlfDǨzjJ3iF73(8Ὡt#~jym w6o(PrqIHiXݱȐaZs"ܠ`\?l}aRb'':r| mdqV:4ϩ-Enn xU5PZ(bXvDg64DpXwL4Ts~Z r5Feq Nrs޺'.-sʡ{B  VK=}&3\>I*UPVg7szkIIҮ%\7@;V7 ?{oE']p>ՄW>Zjνϥs7wj?ky@+.[Ǹ77R 7m(鎕m'ԳXE#/ֳD,5zTZ~o-Y+cumN1[Ca .fkrc0e5,񔺃$0SZ]kM$;su{-q671U{I5y!Q'vw\t5M~MF'KAfp[5ԼB-Tf>vzOmifk]<@>QrJ}N.#Z 4)o7\שF2`^}?jjDOOs]2^3,QG{}-#u\uo"I%H &?>;׼ 4t/auJdg)yvx'7~%o=ՠ#9gJNgXRQWxsFWF͇}k"Λ[,agh$s~>-i֐H)"?ϭEH vjU֓&UW+wj"Lផhz_Z WoXU?J,C`I!v.}]ĭ$zʝGM*JĺI Mǐ:!OX݊$^]S^S-ˀ}=,&5n0?1Hj%m+M'*cKNK.8O0 z-mM֟Y;,l@ ~Bw".2tHu`}XAwðWa\XK?eVO" z8bтʒhU9֭i7Md9Xֵ=룵!_iU;[%e,j}2x`n捰+R k6`-W3'Xɢj|cL x@$w07ZJ q[vA=+2z֭ ֲnF[6E *%n5KgZٲ'dĤ+]tx>ɦFdjZ[d =7oFy/u]3,%#Ræw?/_txUy-ԫr~èܜ%['a<;$"X̷MB܅xn+ ұ-3 XG0GVWE:Kva:) )mcD"O=ge]j>XS["j wh8}=*UGa6MiwxN:(Уա [~h۾} T[|F>ڶ߶DU[$__zMTVdYǦCo&fl)r:a,L% @3:W)6˩ib[޵z!sW-j.RN1+SL̺mk[-J+!E{Gt}+ m/Sg!K(=zW\IfǕG_|I4xmQq+ug?m\H=.:d]LI"ѷLCrIF!,"OaZIEG+r^Zۤ DWe5B__B5Q.vYkOu{iXa鑸TUy㈞+&r=:-+}za3orZcIc`ݶG6g ^SG K R[l9q}kԮXNO&롷Y@S\Χr'?Og`1ݏZ5]OētH`UyxRGSBVة5oxxƌkGDc5 ,m>׺F-Rt8l1Txm"Ui[bkjG-[Mr5mНFHH#syZRs= V8u6"zgΪ$6*k\xm$Y)'zvG9, a紛OnXˢflGq64N8= nh'}2tnzBTĀy2LM\MirUP&IN]*܂TCQxd%&$tJO"?AN#bu*8oC5VM}u1jĀZ6n;%޷7N檜%kw qڵnx4LVIrzsچZؐ\W$!mz< U <ڳC]JĹ皽c^-37nVFU>Ҙ4lj1>PיݴFZd<Oq?ojˍIg3޺6-ZCSڭ^z-.zjDD8y}OjkHmtd2LF2B7 }mmVv;|+kJț9W>!$jzלj0HQWM,D}kVN4_ҸTrvGT)([-U!S-̜'>/kF|v8Ɵqf/ arA޽M 7pjь $ǎeVkdzևKIsZkoIyP cOp(QaoOZT׼ae/v&Kxnͧt|/ߐ=+Ox+9~e9dqчwlrjcx3w-Qi[Ĩz[y, {ԶG:7A hBHj U9Sç}mNchw53a:Ȁe⺝>7G!G&8ܨ#ڽ 4՜c+U C!>q@8Idkazda8P Z6Z?{Un̼hډ0Ǡ V$Ł<JЂ`*dN;|;oysU̖,gno< %3\ UNzW?wp˲=l{/.I$)Զq*n/HoZ(!ER]qHRm{г2MMݱPX[ءcf~,[痲g9tfuԙF!(k< t}&O 'HG5EWG?f~@I"rt- Uoax-$QUXcޚ$*pO7zau]ԕ:e|&>}ŞckҮRrk$Wo8{⍊ۼ"11!$W4*GR\ & cU>êDm'-զ>Q2V$'%kðcKyeՇ$¬#S"P[Ι{/ LFssѬ|CKHLҢ |?(̖Vfi~K15JdE:.cuZ\k q*1Y_Z ;u<ZWjq}{VW68 -t{ܬn7FÃ^qOtxm(woaoqH{dvúLR2 M S9]k=:]M">\q,^e>W躏0Jş״w:ÉfnR0xs.fbk\E in*5vZq$6ږ az þ06ƃ?Iz/ukx4y{8j#zr[qVm]7J}*zy$1|qCnBPEZkVK"*R+++}.vrG>--TMzn:fܯIZҶ-Q cg[YWξ(.|9Kct3H_J6.Ex>5kdOjUy RܭtVw$;'H[wx!Eݽg@ya^wo#yn6AKyB0;iњ5td\Jg U٠&ԏX>f ZV3: QP` w6 +96 I };Wu,=Ew~ E=,KTn Fm;V#_\Ψ^:籯|exþ\Q8f TڼN_HnqwQ(f!jR>tӡe:y2af^P{ڙQ,qҵݐc%͈psqF5X9jcBQZvootKK>}Ep6ARRhѫ w(ֈM_Ttd4`}Q==}QX]pvȝA,Rera:R)lQDBO_wG_Q[:ƪp4F>5ʁ_/a۳ҵ&`UQq"zZ7W'Ϭr-+[HP_@5CMvC*%Z)8x2SJ1[n^jJ;aQ{FIVooz扨jnڊQ@i}L)9$]֍׎e,֙{Xw Mdۺ|y,}EUҬ1 #''rkώgfkeM]R-x-*7&!r ϩkm!/žf%{Ԛ.u_ [rvQM{<7e!Fd湧9UfFrķ>yOA]|k%v)M6/ݺIRj(6ۏtaIZREC 8=mx̖ݗZٯb+uoB {VNZt$Pr3Kq'8}i;Cz*H2QZ/D+3S-;g P8y E XOt: -% @R+L õN6zCF$e\[4+,p8rzRAttKѤ9FnkPLb21JK-c#o?y/gIܟV(?z:ZVo-Y9i:Z#(U#!Ir3|̄#ճo# iuD]sg1'֪[H8S5MtgU)&hiSsR܈FBAuϹyc7M] $BIdE`RXʶ}rZtKC-os&W<rc+3"Np|b8yϭV.X-վUo>LKZ|t8qt:r+ d$\6⇮03]MaZVх\wUr9,ڶNp?Zۚ.\Ҙmy(R1X7e؇8+ؠzU9/v՝urAl,}zzRN݉o%*I?-ͦ29 GU?X&H?zϷ.M A;hnmA'f'콀 m=DGLmFQgh؂yJz "&RСh;&7H }kP"EiJkSXN3v0oԵ(;?< {)21v̾%Σ} [ LTߛst4xxnIBq"c jiwi06sr ,wFF&On}YYDc\4Ȯ #=:[V ǯ5Y.$^ HtOa=w5Ŵuh]] }G1]:i#jZr 2;-Lh:^ ї \yGVM*ID%ćZhI)]Ʒ,Z@sώƮ}lb+~3̘7~]=++F<>[${)f =kZXUΊ~e ʓ&o3!Z֊E 㡠_"hQZ]zy{Lmڐ[nҳo5KTڪ}*\Z0(MGv/x\FD0|O,WU#V]NYUjֽs@sfcn-jsf%tR u Ax>}bgq2ߥ{s=- ynz;tAےuR+9E sܟ=*֟v:by 0X0JtL2qU<#r$8ΧsywmjލK $u4˸]F3"=ńaU,T֔7bJ[ I(bڟE|mTdx\dm;O+&̠UWe{ٞE;}= A(˜pkl],c!̇5A1rǀ=>R,U$z+§_WtZ+1?ڽZ٠ӠX-U\j:}kRsz:CH{ ؤV>zر{7WF-jA')957Iۧ*\Z0I]odkjJȠ+AazOٽϗ=UzUM.!Kߚ粓Hbs7Z^;4 H"Iv,W]V*,%Z)Q`v ygSڟeWk7ZGPjl;Ig*0*d2@t~G44+fcE}nɇozS_yBO.+rTUvUs}k3Zt$w̬sQ$)f7ACkI_I#קP{+΍7z+7j0C@HrhY]hKpoFNnXx>ȟ>o XE'84niN6.Ȉ?ֹ_ecm& yahјcךemsmGF7I;FHaPӒۙ&t>Ջgu%AҶQ:taڼNxmy+u#Vo9kn'J˪)#x"CfD!0(xxRcҢNV:=I"Z1HZ}[ɹe=-:& r? MJ2_*CDžjђCPHb60uuXێٮbl1|_G}:/2;;dsf\^gϨog&3g;;}j.OGՍR֝0Em(U}G[{kҳ.1ZgՉf <| OdB] Hin njhnIlbX OczUbD&<:t3C4lP1jQv9' WVac~WK|C巴-epy?_jRPFQ7/|Sko6'Z3+.mۃFҩM8` +Q:=@yk8UM[CDy\cR?ڰv!I'_jkN>\xPIs=yܟ,66_?vcIq0vr#kȯ%Sd8V"ec+S~ Jyf QzVnRj1QuDW8UQZ߄,t e|AK=hi ,8'w{>/u68'""xZvT~2u B]CcW|@ՅHa&Bs{ס]qoh;:޼i1e"vpҦ Wb|6ҿT.UO꺎eG7ZţiQ[faOlw%E^GSݿºM ܃Oe7kb9?AkϮuo[D0Yg)?K /U!=ǥhjK )NK@ϵq6FPA^ҫʳ,szl_4liWst,*:+-oOMEܠzU[ [ҳS#qFƤ>dEK1>T T7meOjVTqI$Co7CM-kW-ߦOېD֜&,p¶N'uBJn\-ne{x-!Ѧ]d"2fDXzbן_Zp|E'c6{ :ydol 4}ڨlov!V);nl]YiePd\a3rkݾc4.Ódvܡ@8#OjiKcFDRۺ5cTqkr6M]Usګ:wb̧zV3)Cc|+#R@o|Dot[+2G(V:Fk;>JSkxIr(N@ڒ{A2yp\v0gvb]&k[1^Y|̷9Ҩj$Z[dc^Y g&17q[z5 Z_+ ٢EQ5Ww)<,a &IoCI$JD>SsjZ7ޮY˱HjHzޭMjn0%E&Mr{Vp4<߆`I$+eһ%o/ncIcXGqTP|@m]x~ rQH 5D8R&sR~UˠĐ0 )abYOBrO5J1a7@.Fq)ԼE!c<ԆMS7}΂}~5̒r&p[SdG'=մ֓axv8 ҧN1j;G+c4~#7=;I*\uڜ/N:fBjzޢlsj(yj Y_у)bVje!!>].FY]eczypAn-P۟i?֪ 9wHS!dMJbǩ֛>23rq&x@>?jhJmh?޹~9289j f5?0ou*Ğ ,wji/v`Eyqv&/Y8'#_:?U𬁘.js?W,>Sj]HNp3ZCWѿ'L_ 0<>s?jvB]5A{}jqcG__ a@:qOjCB[+?J+RZ.~58/7nО*oEmH֑U%a\X5@G v<ӟwN7$zWNӷJ< 5)Sfn?Zr5֯EpO46v׍1ɦI Z_aˮo& "RDSH=IV}~^HI|Ao&/  W3]N3y/>sQɮߞsUg_ޏcmz[Y1DGP}똖UWoX$e'4EBXsb9rKUI. i1n|_HdԮzI97R[$W>UbOPsQݑy0?P]C'#йujsojF͎UM"q['{- u(@Tn|PobiF*r* 4B(Vh]r)+EBI;#I$gAEj##OF bcu?SA8d4XC0H>ԋsѥ;9{*#]ҍ47dRNp kC#i7ۢn2+><넍F=ݸehӑD[:fG銵kui,ϔLV嶹o*a5cU3J梷M%֭Me;H3H.H9,%V;~b=*~If=ɵAP ڊ*Ajmԯ,s:V֓ ir}ER'S4RGwL/!_hx_Y )gQ_x弽 i`8 1bĒrkCih٥-mWRy4φ v? Ҹ̍2 ٖ+diEWwoKkأ;/|#Eh/q j⏌&*@YcAJQ(@Rf .+i!8ǘ@]voIen.m$ d=Ǣ@mᛮq^?fZCrs# z}sQ{lUCAq"GK~";A{էh hḰyg?JN-+C侗gڢmBG\Jr=kۼi>3ϪE8Vp:g/^ ?o&Z'WކWx{ZωLLč Uo?Yͼr_v6s썟- )i:~U~Гyփ֎Ⱦ3mIn^G^}+~'PP|ŅhSaOaU#ɡxwPK4M=ciAv$xožJX qsιWBE{ 5wL|q׀rߝUۅ3J M!|w5ǁ x"])`r=sּ|-u͉cappqKkSn?<J/zhZچr.dG(-QǩUmu Y,ltWE%w\c!ڋx1[*H,,| _vtȭZ ۭIMW|Kqm ᓡ*}h)3i];SNYdC_Sx'߶ndx5|D􏇺eZޥ2/ 2(@vy'}3ʹ!}3LǸ|?ox&omq a~:x'/R9R0G?JrË|C"6W:?ﮕZ7)IrStn`bVA՜z%{.q?Q54wu櫼u*)AkDI'ip3JгoD? Iv[aqӕ4CfF97[[Qs(A94׻p" w5O}fQ.V?>ʑ!H́?D.\@5/7 w4!)5.2q[k*9n+ &*VKx?*}kJ|߻35Ek85eڑy\ѳ=*+5m7Z~?zΝ2GJ#[79jIYHFj?9EZGrw')9(Uglqn=N/-ϒٍ8x|590^rzE'R6Hhd=O$==܋{~ qYsXqX5ws[ܷG 1]C^j#ҷ-2CEK A5v3ƴЭ?Z ;,"]2QqJWppVl[yTP*+Nd\KyWp}Gqyl RsSd-M!PGF .kY/`'`,3ڑ)\m>t][HȯQojoU0g>NJ_Z,'%!q,o|Q7a&=:-/Qx}O44#I3k/Zz/lP 4}=R nj?īaab2i&|k,16'P+ v6I)`Y7sW|kHuΖ>b$Z3ukWH-H", 3C|ҳGi&lך]ܘ!׍N~+iElH"P9Wkww$|iMQ$lHq>Ҏ8-##1+Y%sk/KG*x쯙6%GJ_ O⧼um"Owp@3+I;XO> <:r1^w=>& <#sԞl⶗}Bi6,01?Ym6?C$t [RVS }1|s^AFHo~"L"yh'5k1W~7I0Uk$JGQHQB{c+忈Iw=JBXFač;TӡRm0Y_j|[X SWWG|5)[?5az- "8u##ڪcב|q,Ah̩֗l({cj%[Hhaizs;Z-ivxnO1 #6A%É9j|<1s9YsjY)k.?MӰȬ60#{kkִ]m:IqDZp nfͷ@隭rQL~Ku+LduO?*6_CA]_j>խSVwUFܶu9gm:)d?$nsS +%Zv E5 ڄ˃جY4ۢ#A0!P}YDn;}X!k(^ܻP[g󎳼B{P.8Ar&}"nf?(H+hG;dvy&m ұǽ8SʴDJcnm(k8Vk[Fm!0qֹ;Tx AqR}˹.m6 rpPvPUsTyึ2j!zW$ s:VcaWb#.`HK tY+GfSg9az}+]l"y4B6XF״G4mhu.\'r*~:u\mۿw_Ӿ뺍4 e8?+xŚ|:_.]Dۊ>hwPedNQes 'Y7ǥb_9jkkOF@]N9s~ºΧ ߹6;A}=|I6sxXFhAU k6{hVa+Mx6X"%=kNKmubfix-4r(ͅIMO5l~iilu89G=z0x;Hn\ >.l]hp n'Ÿl#O+g91@չI/"{SzfዣoA%uAǽao$gsU}UK<I:y9SҼkn|Gz׊]C`Vu,ZYg̹a4"%t.Xo>*x>omip"#_4?umqv :~4Js7ƾ< N4d:]Jgҽ?◎co4X.t- 6=+%`-@.CbWծ XZ$c)>>^V 2ňPwsYND˶,HA‵2 $L57B+*kɵS UQ5^$bQY^M8ג< 8S·\U\YYܗ%Rd}iKd#px_5+k-MP$e^yOZ}ڴr#FG<sYE7# ::WOX|Q]'ƶh>хԕGITaIxsN&[E,^TQFR޼l'TXaAZz']k6u$ԥYLۭ(ҪV-n*͊a* ێNk |܏%ЁQ?7gW+5P)=2F FxQQ$ݑҚaңFAyN)WnFE6WW?!ɤ ǽmc΀ t U5NQTڔ olשhv".C1ˮ i%֣q {"Q] B'x\h%:LΖ2ȸ#mXN2gz>im c^N[F6CjQT{u6t+[7ͨJ4觽oھwJo4[*R5z7#A]wMх3:&NoMϳ,Jm h߭X`kk8$ b4zQk4_Ėq%psګهzI49ұty h Q޴|N͕g9=+Bc-O(smfee{ $ ALLKJ6-6K9SVI F { ֬"#5q;S*ܔ ԤHGGjG2#aH`j` 5Ж]P,pMIw!Ž4Ҵ#i̪MRn* ;d֏aGQ`1W`TOaV!q=EsbGmY.uұlMD g,-@'Ka[豯ΒDrK]I#9@}s\՚,.޾t;_QH$y9ƪ8nj.4.'8Ђ͒`$uxMImgx^?'4ӵKa*q~Mx_G6y\Kg|+y궺VjJIk۱c O:/<09קkC=y/7 `uJ텿eX.aR^Wɧ{#ƞ7u/dhS 8H!HBE}ڭijb(UHkV#xɺ;s*7>gOl4eKM4]̊<0>{/ š\P-}+忌:[+F(_aKz؜u?l@Gr:? |t \ _ϩ_𯎴GY'y >~ΡYn&r8yh:<fү"}3K,z=)]p7?Zt˙m,K$kbB|c[=e^7G_qW4&}Bu3ksRʠ+}M]AU_nH}M!( *ҳYyc;iYz/z"yjL5 dc 5Jw\Ԙ1ҩ g# >D k7\}1S,I6mvƨ?٦cn{{ V鯼-ȿcPFa$<,U9 ;Ohy-6S kg'k+Ei9Pn[MMeQ^ \ۅM*@Q+p{- V1Q9r)3g)#QPH$`oqN.sXyPJ"apA b%f=r٦'4Z$C6jh#I S +RMaԓbu+c{FaES{yX"0aQM*Rp7eՊT KmQ|Ϻ;˹5$XBkYN@5a-.G##V slE|wl}h!\֯o<{$0KV|8Tc*YQGFw%=*;yn&Aɫ:Ŵf)5.Qg䉔BwtMŹ'XܵutimR~V\#*7j10I#T):9qa惌ը":uNPOTYp=Pd)'Ш6f 9ـLcBy'wMȐFMN֛}tq}*}hBܹgԞ#95]$(4}ҙWdLɡ 1DSܪ8+@0}kkk!jG.h`XN&@=j9d+V4j'PʌUӓY1/qWWZ 5d6&4YS[&1*{?^>!$"cy2E})stk !b ^rGfڻϊ#"Mjʅ{ץpq؛`;LK@-VjFh >[;ΛRקhV'zI/[`*o.(̋QJʾ`_FV%QUEO(ory,#U׎VgϘ 1橽1cag߭6Fyf1(O(kXk Ғ6QҶl|ey !{pbO0\JOw'Gv^v*8Q9Jr< # czU^ I]˞$5ƑHWzdopۈ+7r\\%$I'Oݴ2Yf<-QLK욕Hr;/jV c\S5RSG\6:vfb3ZQh܄ ! 5'{u֧x{s3W5e7C?X̡'կ#PwXzo|QyBCZ?۬L8%w//TTq\k"O> dn~hةJϖѾ$slwI \`Dvc9Vow3~pZ"c~ltոf?z7SƗ/IkwR_<ʧ-X [ZDj`G-Cf8qV$xd4'krB7v" ޮ¹G˓</ќyxOJMV=XFG$>PԛE\O :ҨcF)€=nos-YucKu~-е62Hc {V^zwMt`PG5_b񇂴 RE@c^ j%J@w;U6 UGK &8hbq\4,1U^j#ArƛJԭbݐeb +zXhtR2Ehn-I `YXgFea9S`PB9sKMTj7Wáڇ۞6xHk~hE *mpWxlEYImoR:K/`{;[Ϩ@Xgj\z i%OԹ~ M%ă*O k'9Z5WI4L_RO^#,_oTjq*8=M(bOSN-:(+2Է2HIKzj5'Ύz瞼 zSnN$4FZonͅ1IwperTbx[rd5QF3֬":ղ@)01A֜@ Pp))cfّU qDvt-5d 'C$q@5Q$S/ ˞qڪزCVH;xGX8"JF*@nU^z?q)٫`I1`>|"k>FqO&xN l+F:b}>y|]4n^O5QI1ZXTb3Pڤ5\0)/3U匩9Zw<V SwQr֛uw3El\6SN~[Vv]ē6U 1ϥA}({,n(^Mí:*ªnf: D΂\g'qQWI1FkILccbL7J|UJEPK6>ǖO]՗ 7KT) bnt8#QJAP[GNQ*,1Jrki0EW"uU9.G֫̈F) =F;{pі8sp⣒R|A$Wm0m= Gҕ@ j!9?v>'wJԓ%iT+*}Bn7 }GCPvTs@TM '>96iR<(V"?|eE&4dR~5iA=K%&}.}h@jW5Cp_VOrh@˅M/LS3TH4HZnyc@4&hfe7Ua*-JILc&iun$1FW#q ZȃJYfrB6W pƽn x5cUHY#|Juϲjܣz]?1A0BG#y^[G*ZΧR31L0qwǸ!aNߒ3HbIF+'+$T!?2Uk3ǥC/ v0I4c:Ոq5T6zS \73DZ| ȌwDyI;+2vo#FALSm͝3A!YcpARAz;[#VA|Qkrqrq|}黱_! cAeZ0F>‹K4ڌRdNꢡi۽iGq'80=3" Ӏ&NQր.HiF{PO {zr).hҀ7U ~x⤏DN:TRgJ+uȣq )p漾ufHE/O|P//M/MO\tڽ|W{%bfǥf%%yǥ;Xw-d"B;ZDEQڀh&ڀN@4aKUzZnZ1ܼր+>P; $U))f.zԖ(PzPK" եh O\J;b&5)HrH$QM=PKwa\4g) {ʦ W/ZHW 7P2՘z$g9z)޼C!jC& Ӹ@!TepC.6jiKPs]}vst8)ϖ|r74Gnj%>X8=j\«q LOz2Unj)M8 rzP.xZl"ջ|3UVǾ*FVw"m-'FF+gzP5FcD!Ox1MqW4R7FDe8!?Mz V)S\xkķU-9xv?fb%~+%Rm~5ΥMg'}L*r>1I4}H&ʒQS\5Wc)v*#CL; Ojjg=֑/#֐9EFJLPfi(|J⃑Ү.|$`tRlhB)ˌ{ZIrÁP3 uULgD}M8.GZvK)vqNp;'Қ҅aV tˉ7LǶjYLNs4;454@AM*HcȷN {Ṕ'=)}L4բIL =x1L@XLqZJC*qS/WuϭPR>VPwQ8枿i F;N|OQN jlT#|blEU }7 J(((րӱo6`tӈ=".8bNP~ցMc&=)[ޘN:PZ29"@8 ?u!ϥ,j)0zD])ēN Myǵ[&g*N8(V%tT)+HIy+=}ÿ:'u\v?!;xR-kgRP /L_>\( Y CPbUde/tnYUd8~*Da@?Z,d<5J"lm`t\Q*E?/PRNWՕ穠(v⛚u0yNQIڒIqӵT$5Tz5,vB=i=) 7a6ThiJN{SMR5+R7Z`2{>GY4QE ,[N%⢀SqHcGOR&R) y3(kx=)&ch?U@pxwuHUH=~p)^Vq\YmL?fk2';chVL+oZVoumpRh\HzcEQ4ց :-!B +1_Fuw4_i3,b :g% 4,efQ1vQV!WNi6ӷAMg=p1ir}hioAL}hۏ'<)TdՅ2`[=ѿ'Oʲ4ba3T?'P_z>LwQ@tnJvWҎ}鹫6 E4TdՅP29[y5;@4xp@Hm:+KOZyeaRnd[\˲nG(Is$6 5 zdF &(?c\ꗷ.Z{\6*=\|t,S{f,d>ҵ5[9LkRр%Fprg$7 ꢤSRzV\J1ՏOJtv`<}}n>3Gi^s?,t8>]_\Dp?Ͻ|,RM+!WN_BO٣o&EEyd~ϩ*w#>w`㨥`31NùFE(NB j1@\T\TM&)å&)zu=(s砬˩1EIwq(S۵&4.x"HS7ZM=x Q ryh2)S`4SWy~߳9Z3l' 7Zb4N=zSXzR (4iq@V?_gV/$jgj&V6tt Iۤdb\#ԮT9l5q`<ôǟJE(<):a܉98ɥ&0L: m-L6Ҟi }v 8O4j>.>.7^NSOS)EQI?) Jøg?Lb}OMPehϹHFzP3gVYռ3¼s:$v&ʓzƏZ^>eC^GW4i*1qx!Tl76jg̚NjA4& 1L%/z )iK))zKzө))q1)) ](v@66:QZn(Zq+=,NѣG*u5 i򺼱FwS"9G>vm*+!Y<̎qPŽ '8(R@]4ی1w'!DͅIĎ?ZѪ,pZ%s^'ҐGSk05,Fw5g;Oz^*^-=oP}+Ik.f33c(TAFiwk'm,@P]_ ZҸ'uĂ5i6V=H@'9P}M٢ Op=iHɥ9"5Ԉ|eUNG;ߝQ2KM@*YWpޣv nT@T@ 8}CNqRo)4qR 6{PbL!j! sFw/jRkdP>ԋJBOjAC1nUpWb8L&8Oϭ4&)eH?tn) ʑ {ջÆV- 4(yZj^(𝍞zgidϗ'p> n?Z5;f+-Q޳2n4 zMRcl~+ A_^>є4Wq*]uOWn'5Ih{OްXf`GkE&&^5PP.kG'ՇJIUQ"q:שxK>[əe>lW񵯇Q;bFjkAqT֔B T~2}-7HW/a+ktѨ#[Rw}뚩gw)%T{VJH39299I'הҥ5;sX7׿i+ 4*i`ڝ6vImcWkh2DGb9M  -~wh.@&o>QYJ/D# NlAu) L知UEGifyL;;rieGPk<#'TFqA1*r+eΊ$v=?Z^f3]owڌ=+u !.iP[8 ۧZ ,桫i-[jFQNmFO8J"cF{qUH|#5A}Xzuc* i O}(gڗiibD5M#C+܍В:jkHe*42\RR( JvM&3Kr&SI=YǕ{c[0xg4Y_ijRkycRx;ZD, V5"$~Uߴ^4]+z:-_ld~ь+y{"uu'GuOU)'vn;0䚷&&u"7(>jIYk?wݸĚgs@ǯL7"E8t AA|M8DޢnHZr!6@sȀ$g4z~4R.)c#Mo}=ڡ]=frr9R}hH.:kUQUǵYbvuOh@v+i(QF{dUX(K2dQj4[LP=a!O"ˌj\lŨdx2*UB 2ktp(pG\U8$$!xV #)KvOmX}?+>,wNzRrA34xP;ҥ\!Xpe$_%=*_[JCHop E}ÍVփ9H9CV@4Bj5& +SuXBErz4Nr)r`SÕDx? :uG+ (P}1L^9a ?{Sug )^.H'HdަA Z⠹?4`T")Y&GN\p8J 7?JҋF}i2=E'>Z:uSZ9>l}5''_c%d0*`Wvskךuegoá,Wm_[Ƣb'~l)#4!7/\sHhI`uSN(1M.hԄf4(Lf(I9qރv\hf'EI6=Jϭ]-$A4"5@A z潻cZu@җ$~23fФǏ/,9f@5e_vVf;о2x_PߋhnPwZiXԥS+( 1ޝj? 2I">!})y48nGpZ218ԧ'3sR쭴P~9R[޹f|X|Չ'V< W6ү.:;挜D$n+%F!$ӕHRqOEg9@Xe yf7㪲 Oc 9Hڇ.`"qzpAkEt[>dL=*P|$#8-2SNth&8`ǿjˏ۱PJN*i.bw54Zykȡs @3۽;4%f:Kmc#\pPKjfU/\jDFegU8^I#lږmPvʐŰ#_ʑ #rUqX_ *P*8~'ҞS= #7Cc$IÌEM%>F>5ͺO45 '~Kr Τ1[CU~o(8a 'R9SS Y&rydv~SXvRcQA՘n&"ѧ#WIyok^֐}2,띄@#J0)E\o*N1gVbH34J5]RG"W(q`%d\ʤT9R䓗3cY=M-&1 jRl-$Psw-gQrD=:W?V%sflń'X}_A[~6&fiE*ҾP|xsXiܾz9o𬉴[Y5M\`I2v"Z7_<7 I3 ڦBDI62}}F) s}{ Ҙn|R_sIء|>=6ʑg?}|i~n`QNq_i1r-'8 .F6X'A=<1bvjٹi S߱ o<&DW>7N^'V*nPsVh/1-=?wV]ޡOp6wO/* x!2xtlT| i3?ַXu6d8 |r]Ѭ[%[SͯA"iQe=蛿J+WW`+:ŒeңZ1O`ɓoY,Wֵ4+mCKH3f>\^D^OR CZܩXQCԪʟ޲?BOٯR٨6~I6!po+̕i_s1]ӏ4Ǒ݃1$_55VݏoSUd GByz_K?*V1 >[oo>hu}76h»==?Jy'h<^S/9jpWQTQnAG?cdd47>Mueᕫ)E&5 IO6+{}ro]Mo]NABQ]S9+R%r_/Ջu( y]J/[ ܟQ^;T iWJ{& ufmgs|dUnR܌ZO k>r3_MX3}BrF)ӗ\qLqނ`k+XL鲩~:?RIRm]Dw'Nkdhp 4KH?&!KqFd=a\;։n4F]؊LJ3Cf`i23IH8h6vH`L2}dMяlVvsyŞ+鶏dbqs2sP]A0\=*A]<6mvyP#ZsbRsϨi}6g!RV')-R[uat\S-s2>sڣ]*t)6SmN H.Ԛdq֡].#Tƚ*2e[ⴿf mFsdb7QVN2Ÿ۶DegLU5$ V&U?4J<|vIj1>XE$<̋H:?]mjž$- B0Wsw*+m ".l#۱po:=$oEIByR| ,* QjHIv9}ݔ$:(WrF GԈH<҆0})&ޜ`4N"D?IҚŲq:"w|5є#a &8JhTx'j)H A@JJv-@3z~gS'|0[YҌ=qEdK$6[V,j(n"nCk{lr.(;ױy>QQ\U(QD6(ԂA9WHffI&)7ed;-ʋ+?VV(nܜ{,Lp2>QEg;SE}09 :(&-CUKpzQEt8%'RNBY`M]T;(\Q%`:%j(K@Rd|Ejk~*xc\chKBwkzj_jU>]ۃkVkqZ*͢ 1yj{vq TIҮ(q\-=[t?ǿ 63#(Eؔ|u2.b,$u}DK4QH^ T܏b)?wx;?EȓO͔[Gg'=)6EM7,[>Y~%Bع åW57爚)k##ظae%/],6.Jm@W;\~(!a5`p>9׀rsdtQSR*3Cv4|Z ^~.xu1QRоH`3K1| c(m?gaOw{ (0W?c1)M`Ӡ (Ih {gO{a'(d }_.2(&17Ox–?c{ (1|o5=C4%@##6:v[`@H$UEv%D˖[hn>Ԭz+FA 'XWnY# nϚ+\E]&4
Warning: fopen(https://newsweekme.com/wp-content/uploads/2016/11/download-10-702x439.jpeg): failed to open stream: HTTP wrapper does not support writeable connections in /home/newsweekme/public_html/wp-includes/class-wp-image-editor.php on line 428

A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York REUTERS/Lucas Jackson/File Photo

By Olivia Oran and Sumeet Chatterjee

Nov 8  – Big global banks, including Morgan Stanley , JPMorgan Chase & Co and Goldman Sachs Group Inc are bracing for potential tumult on financial markets after Tuesday’s U.S. election.

As the outcome of the most bitterly fought U.S. presidential elections starts to roll out by Wednesday in Asia, the regional markets will the first to trade on the results.

As a result, Asia-focused banks HSBC and Japan’s Nomura Holdings Ltd are among institutions boosting staff levels, while others are raising the margin requirements for trading to cope with a possible spike in volume or volatility.

Bank preparations ahead of the election reflect their experience following Britain’s shock vote to leave the European Union in June, when the S&P 500 fell 3.6 percent the day after the poll.

In the United States, Morgan Stanley told staff to consider using stop-loss orders, an automated trading mechanism that sells an investor’s position as soon as a stock hits a preset level, if the result causes trading volumes and volatility to spike.

The bank also told advisers in its wealth management unit to prepare for election-related conversations with clients and pointed them to relevant pieces of research, according to a Nov. 7 memo reviewed by Reuters.

2 PERCENT SWING

Traders expect U.S. stock prices to swing by about 2 percent in either direction on Wednesday, the day after the election, based on the price of S&P 500 index options. Options on the PowerShares QQQ Trust Russell 2000 ETF, are pricing similarly large swings before the week is out.

Some banks are projecting a more extreme drop in the event of a victory for Republican Donald Trump, with Citigroup Inc estimating that a Trump victory could trigger a 3 percent to 5 percent sell-off for the S&P 500.

U.S. stocks rose on Monday as Democrat Hillary Clinton’s prospects brightened after the Federal Bureau of Investigation said it would not press criminal charges related to her use of a private email server while secretary of state.

Investors have tended to see Clinton as a more status quo candidate, while Trump’s stances on foreign policy, trade and immigration have unnerved the market.

The “market pretty much told you who was going to win today,” said one capital markets official at a major bank who was not planning any extraordinary staffing measures.

Another official at a rival bank said Monday’s 2.2 percent rally in U.S. stocks had lowered Wall Street’s collective angst over the election from “DEFCON 4 to DEFCON 2,” referring to the U.S. Defense Department’s levels of alert.

ASIA IMPACT

Brokerage Nomura said in a report on Monday the election was the largest “known unknown” markets have had to contend with since the global financial crisis. It said a Trump victory would likely lead to a more than 6 percent drop in Asian equities.

The election could result in both higher trading volumes and higher volatility as it’s a bigger event for investors in this region than Brexit, said Stephane Loiseau, head of Societe Generale’s Asia Pacific cash equities and global execution services.

It plans to increase front office, back office, and technology staff, “ensuring we have a clear escalation system for handling decision-making”, and possibly raising risk limits.”

Chris Weston, chief markets strategist at IG Markets in Melbourne, said his firm had raised margins on U.S. indices and some dollar trades to 1 percent from 0.5 percent, but doesn’t expect to see “a massive collapse or spike”.

HSBC will bolster staff on trading floors in major hubs including London and Hong Kong to deal with client requests, said a person with direct knowledge of the plan.

“Around any high profile, potentially market-moving event, it is not unusual for some trading desks to increase staffing levels,” said a spokesman for Europe’s biggest bank.

No U.S. stock exchange plans extraordinary measures to cope with potential market volatility, exchange officials told Reuters on Monday.

More than half of the stock and bond fund managers polled by Northern Trust in the third quarter said they expected the election to cause a large increase in market volatility.

The extra staffing is similar to what the bank did during Britain’s vote to leave the European Union, he said.

 

Social Streams

Comments

comments

Facebook Comments

Post a comment