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rcial and industrial loans have been positive for 19 consecutive quarters. ISM Index Oct-07 Sep-11 Footnotes: Data as of December 2015. Source: Bloomberg Finance LP, Deutsche Bank Wealth Management. Aug-15 Vehicle sales are at the highest level (-18 million annual rate) since 2005. Footnotes: Data as of Novem
nsparency constraints. The high volatility and speculative nature of emerging market investments may result in both significant losses or profits. Foreign Exchange/Currency - Such transactions involve multiple risks, including currency risk and settlement risk. Economic or financial instability, lack of timely or relia
rch 25, 2016. Source: FactSet, Deutsche Bank Wealth Management. Deutsche Bank Wealth Management Footnotes: Data is as of March 18, 2016. Source: Bloomberg Finance LP, Deutsche Bank Wealth Management. 20 Jan-15 Jan-16 EFTA01477978 bbls/day. However, supply is still too high and will According to the Departme
and speculative nature of emerging market investments may at risk for , as wel as convertibility, result in both significant losses or profits. Foreign Exchange/Currency - Such transactions involve multiple risks, including currency risk and settlement risk. Economic or financial instability, lack of timely or relia
rch 25, 2016. Source: FactSet, Deutsche Bank Wealth Management. Deutsche Bank Wealth Management Footnotes: Data is as of March 18, 2016. Source: Bloomberg Finance LP, Deutsche Bank Wealth Management. 20 Jan-15 Jan-16 EFTA01478048 bbls/day. However, supply is still too high and will According to the Departme
and speculative nature of emerging market investments may at risk for , as wel as convertibility, result in both significant losses or profits. Foreign Exchange/Currency - Such transactions involve multiple risks, including currency risk and settlement risk. Economic or financial instability, lack of timely or relia
Entities connected to both Bloomberg Finance LP and Foreign Exchange/Currency

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Paul Morris
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LOCATIONDeutsche Asset & Wealth Management
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