EFTA01453261

CL1 98.7O +.50 awm, i ic98.69 /98.70 9 x 2 Prev 98.20 At 9:55 d Vol 58493 Op 98.25 Hi 99.09 Lo 98.06 0penIn1 150876 IS &OM AS ' 10- AttlOtts • 17) RH 4 91 Table LER Vier t. LAU . tin Lailaill! fir ,., Cr"' f m'' s Z I IIIIMIIIIIIIII IIIIIIMail I i I I I+ Track A Annotate — News O, 3iZoorn stcultY1Strn 35 1.14 .6, " YT3 1Y 5Y !Q.< .10 ft, v 11 ne.. O I I I I. I le . . I ill li I 'Mi l l ) lt \ y• Last Price 98.70 T High on 03/03 10:30 105.11 Average 101.75 1 Low on 03/12 11:30 97.64 • Prey Close 100.30 I I I I I '1 i i 1 I 17 18 19 20 21 24 25 26 27 28 03 04 05 06 07 10 11 12 13 14 Feb 2014 Mar 2014 105.00 104.00 103.00 102.00 101.00 100.00 Pleb A" 98.00 --- Forwarded by Tazia SmarsdbaThcom on 03i14/2014 09.52 AM --- Varehree Vem From' Date 03/14/2014 casa AM Subject. Markets opening weaker. Kerry and Lavrov meeting today key I KCP Capital Markets III Risk aversion continues from yesterday as we approach the weekend. Nikkei -3.3.%, MICEX (Russia) -4%, DAX futures -1% Commodities have remained relatively stable despite the movements in other markets WTI and Gold (charts below) have hardly reacted There is increasing nervousness ahead of Sunday's referendum in Crimea. G7 leaders said they would not recognize the outcome of the referendum, while Russia has maintained that they were prepared to "mirror" any sanctions There were reports of Russian military "training exercises" along the border yesterday Key events to watch today: 1) Russian Foreign minister Sergei Lavrov and US Secy of State John Kerry meet in London. This is a last-ditch effort to de-escalate the situation 2) Central Bank of Russia meeting today at 9:30 where Bloomberg survey expects no change Swaps curve is pricing in over a 100bp hike. How will the central bank react to FX pressures? CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 110780 CONFIDENTIAL SDNY_GM_00256964 EFTA01453261