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250bn u/weight 02 05 Source: Deutsche Bank, Bloomberg Finance LP 08 11 Swiss Franc Is Last "Safe Hav
before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to securities, other financial products or issuers discussed in this report is av
s) 200 100% 150 100 50 0 20% 40% 60% 80% -100% -80% -60% -40% -20% 0% 75 78 81 84 87 90 93 96 99 02 05 08 11 Source: Deutsche Bank, Bloomberg The significance of the USD/JPY turn higher should not be understated. It is perhaps the only currency pair that has captured all the major macro
before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to securities, other financial products or issuers discussed in this report is av
S Equity Strategy Baskets Tech's Enduring Eight Total Shareholder Return Stimulator Dividend Dark Horses China Cyclicals Source: Deutsche Bank Bloomberg Ticker DBUSTECH DBUSBBD1 DBUSDFCF DBUSCNCY Deutsche Bank Securities Inc. Deutsche Bank does and seeks to do business with companies covered in
before making any decision about whether to acquire the product. Deutsche Bank AG Johannesburg is incorporated in the Federal Republic of Germany (Branch Register Number in South Africa: 1998/003298/10). Additional information relative to securities, other financial products or issuers discussed in this report is av
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Deutsche Bank
ORGANIZATIONBloomberg Finance LP
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United Kingdom
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New Zealand
LOCATIONDoug Band
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Malaysia
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Frankfurt
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North America
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Tokyo
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Moody's
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Shinzo Abe
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South Africa
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Hungary
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Norway
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Sydney
LOCATIONStandard & Poor's
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Financial Services
ORGANIZATIONDeutsche Bank AG London
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Target
ORGANIZATIONJapan Investment Advisers Association
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