ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: p.1 Weekly Bu letin 19 August 2016 The search for growth Everything, you might say, is relative. But central banks still worry about GDP growt

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] p.2 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073581 CONFIDENTIAL SDNY_GM_00219765 EFTA01377050

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] FX ..IPY and CNY trends • The USD has weakened in recent days, due to declining expectations of a Fed rate hike over the ne

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] p.12 us Na New Home Sales (July) PMI Manufacturing (August) Existing Home Sales (August) Durable Goods Orders (July) GD

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: p.10 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073589 CONFIDENTIAL SDNY_GM_00219773 EFTA01377054

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] Commodities Crude oil raly hits the usual inventory obstarThs • Oil prices have rallied over much of the past week. Markets

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: [email protected] p.6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073585 CONFIDENTIAL SDNY_GM_00219769 EFTA01377051

you might not get back the amount originally invested at any point in time Your capital may be at risk. CIO Office. Deutsche Bank Wealth Management, Deutsche Bank AG - Email: p.11 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073590 CONFIDENTIAL SDNY_GM_00219774 EFTA01377055

ou might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: WM.CIO-Office&lb.com p.13 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073592 CONFIDENTIAL SDNY_GM_00219776 EFTA01377057