EFTA01802926

From: Vinit Sahni Sent: Tuesday, January , : To: jeevacation@gmail.com Subject: Jeffrey - state of markets... Jeffrey - all eyes on turkey as they have 2 meetings this am. Market expecting them to hike a lot tonite and thats why TRY rallying again. As a result of all EM is rallying including asian and latam currencies. Sentiment is skittish. Been on the phone this am with asia and turkey. Lets catch up when u have a few minutes will give u the lay of land on thinking here... Vinit Sahni Managing Director Global Head - Professional Client Group & Key Client Partners Capital Markets Group Deutsche Asset & Wealth Management Any proposed ideas are being delivered to you by the DeAWM Key Client Partners ("KCP") London desk for discussion purposes only, and do not create any legally binding obligation on the part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, characteristics and risks associated with any ideas proposed herein and will be able to evaluate it independently. All trades on proposed ideas shall be subject to the relevant internal approvals prior to execution. This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer to http://www.db.com/en/content/eu_disclosures.htm for additional EU corporate and regulatory disclosures. EFTA_R1_00145896 EFTA01802926