EFTA01447933

(NIKKEI @ 15332 II +1.12%) (Hang Seng @ 23191 110%) (VIX @ 11.57 // +0.31) Key Economic Data (Release 1/ DB 1/ Prey // Con) (ISM manufacturing (June) // 55.0 // 55.4 /155.8) (Construction spending (May) // +0.5% II +0.2% /I +0.5%) (Unit motor vehicle sales (June) // 16.4M /116.7M // 16.3M) Topical Deutsche Bank Publications * World Outlook - The calm before the storm, 25 June 2014, http://pull.db-gmresearch.com/cqi-bin/pull/DocPull/1372- 1896/72708206/DB WorldOutlook 2014-06-25 0900b8c0886ac28f.pdf * FX Daily - The single most important question for policymakers, 24 June 2014, http://pull.db-gmresearch.com/ccii- bin/pull/DocPull/1361-CA65/71273754/0900b8c088677283.pdf * European Staffing - Later than it seems, 25 June 2014, http://pull.db-qmresearch.com/cgi-bin/pulVDocPull/2172- 585C/72258420/DB FXDaily 2014.06-24 0900b8c0886c5a64.pdf * European Equity Strategy - The return of the stock alpha, 20 Jun 2014, http://pull.db-gmresearch.com/cqi- bin/pull/DocPull/6-AF367/74847497/0900b8c0886acc70.pdf * Focus Europe - Down but not out , 20 Jun 2014, http://pull.db-gmresearch.conVoi-bin/pull/DocPull/3055- 5155/62173638/DB FocusEurope 2014-06-20 0900b8c0886840eb.pdf Jim Reid Nick Bums Anthony Ip Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 P rk A n 1 154-0004 New York. NY. USA Tel. Fax Mobil Email Peucincivasfonit Click/ copy this link into a browser to access the report: blip:noun db-gmresearch.coneta17805-028EP906120751DB EMR 2014-07.01 0900b8c068724b5b.pdf. If you have any difficulty accessing the report, please forward this email with the word 'PDF in the subject line to OMResearch Subsciiptiortagildb.com. After 90 days you can access the report on our web site: http://gm.db.com. You have received this mail because you have subscribed to Jim Reid For changes to your current research subscription. visit https://gm.deconVrim or email GMResearch.Subscriptionsadb.tem. Please refer to the a licable I al disclaimers in the full report. CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 102727 CONFIDENTIAL SDNY_GM_00248911 EFTA01447933