5 February 2016 Focus Europe: Dark clouds. no storm yet United Kingdom Economics UK: Referendum campaign starts here This week's draft UK/EU agreement, if ratified at the EU Counci

5 February 2016 Focus Europe: Dark clouds. no storm yet not disclosed according to the Financial Instruments and Exchange Law of Japan. Korea: Distributed by Deutsche Securities Kore

5 February 2016 Focus Europe: Dark clouds. no storm yet IThe Week Ahead: Euro area • In the euro area, market focus will be on the advanced print of O4-15 GDP in the euro area, Germa

5 February 2016 Focus Europe: Dark clouds. no storm yet Additional Information The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates

5 February 2016 Focus Europe: Dark clouds. no storm yet Central Banks & Financial Forecasts Euro Area We expect a 10bp deposit rate cut in March. Unless data surprise to the upside,

5 February 2016 Focus Europe: Dark clouds. no storm yet United Kingdom Economics UK: Referendum campaign starts here This week's draft UK/EU agreement, if ratified at the EU Counci

5 February 2016 Focus Europe: Dark clouds. no storm yet not disclosed according to the Financial Instruments and Exchange Law of Japan. Korea: Distributed by Deutsche Securities Kore

5 February 2016 Focus Europe: Dark clouds. no storm yet Additional Information The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates