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Market Perspective Summary

    Capital Markets Outlook Summer 3Q12

    Growth Continues Despite Headwinds

    July 18, 2012

    The pendulum swung back toward “risk off” during the second quarter, as a “big three” of risks—the struggles of the euro area, softer US economic data and concerns about slower growth in China-- rattled investors. Meanwhile, the world economy continues to grow, and we see many opportunities across capital markets.

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