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JPMorgan expects trade wars and regulatory risks to put the damper on merger and acquisition activity.
With $2.1 trillion of transactions in the first half, 2018 is on track to beat 2007's $4.1 trillion total.
Trump win may increase uncertainty in Brexit-battered IPO market.
Cheap valuations and strengthening economies lure buyers to Europe in the third quarter.
Economic slowdown and Facebook's disappointing debut curbed 2012 offerings.