EFTA01459689.pdf

15 January 2016 Global Economic Perspectives: China's evolving FX policy [Global data monitor: Recent developments and near term forecasts ttiorgooda 121-15 02-15 03-15 04-15 Arm-15 Sep-15 OM-15 Nov-15 Doe-15 OECD haling Indootom (6M 41‘enge.14, enn 1 OECD 1.6 1.4 12 11 US OLE3US 19 13 0 08 0 Euro area OLE3EURA 0.4 0.6 0 09 0 Japan OLE3JAPA 0.4 0.3 0 DI 0 Chine OLE3CHIN 8.5 6.5 6.6 6.7 India OLE3INDI 7.6 7.8 Si 8.0 8.1 Russia OLE3AUSS 4.5 -0.9 -1.1 -1.1 -1 1 Bram OLE39RAZ 08 0.4 0.1 0.1 0 Otta balm* aura, US ds reds orden (%pop11 Japanese Tartan (Ul DGNOCNNG JNTSMFG I 5 0.0 -29 -0.8 2.8 0 12.0 15.0 12.0 120 Euro area EC sentiment EUESEMU 102.6 103 7 1046 1063 1011 106 8 1061 1061 104, InduobblprockeitIon flipop1) US P CLANG -03 -23 2 0.2 -0.1 4.4 Euro are. EUITEMUM 44 -0 3 0 -0.6 -0.2 0.8 Japan JNIPMOM 64 -5 8 -4 1.2 11 14 Rei Sao 15494P1) US RSTAMOM -4 4 68 41. 0.0 -0.1 0.1 0.2 Euro arm RSSAEMMM 40 19 0.0 4.1 4.2 4. Japan (Musa:4d spending) 5.3 -12.9 2.5 -1.3 47 So/ mat« US nonfarm payross2 NFP TCH 193 231 174 202 153 145 307 252 292 Euro area unemployment 9M UMATEMU 11.2 11.0 10 10.8 10.7 10.8 Japanese UnernPleYinent JNUE 3.5 3,3 31 3.4 3.4 3.1 3. CP N40on plliyoy) US CPICIING 4.1 0.0 0.11.11 0.2 0.0 02 0.~ Euroarm ECCPEMUY 43 03 01 02 0.1 -0 1 01 0.2 0.2 Japan .144CINYOY 23 06 02- 0.2 00 03 0.31~ Cleve CNCINTOY 1,4 13 18 15 2.0 10 1.3 1.5 1.7 India 53 5.1 39 63 3.7 44 50 5.4 5.8 Russia RUCPIYOY 16.2 ISO 157 145 158 15 7 156 15.0 129 Bras,' 7.7 8.5 95 104 9.5 95 99 10.5 10.7 Currant mommt 1/1513 bnM US (back balance. 9.4) USTBTOT .448 -44.4 -44 -418 125 -448 .42 Euro Ma (EVR bn) XTS842 20.5 20.3 20 19.2 199 19 Japan 108 11 6 9 12.8 64 124 II, China Brad* in mods) 1237 139.5 140.5 1415 Maio Maki in goods) 148 143 9.T_ 17 96 f0.1_ 011tarbickmlom Oil prima (Brae& USD/b) EUCRBRDT 539 017 5 50 2 436 46.5 476 484 44 3 38.0 F8 reserves China IUSD bo) CNGFORD( 3730.0 3593 8 3514 1 3330 Oafs*as in ~Sands an saineodee monammen ma sammaimmiarormarra 1iliorpaarearrfriss 0•400 OW ,mow par= On Cr, quern. fenis *main,' Pen~In '000, Gunny as ~pas cemeat*~pm newly ar einvenpn Of «VW*lateriCeS Saw». akonerep ~ne• LP, Rase" Etna &net Cernmeloilark OECA &ink dip" Niecnidapserkeollees MarliatIPMeapn Death* Bed ~in. Page 12 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0120308 CONFIDENTIAL SDNY GM_00288492 EFTA01459689