From: Paul Morris To: Tazia Smith < Cc: [email protected], Nay Gupta Vahe Stepanian Subject: Re: Fw: Key themes & trades Date: Fri, 26 Sep 2014 19:22:30 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4); unnamed(5) Vinit Sahni Jeffrey, let us know if you can jump on the phone Monday to discuss ideas? thx Paul Morris Managing Director Deutsche Bank Private Bank 345 Park Avenue, 27th Floor New York, NY 10154 Office: 212-454-0701 Cell: 917-971-2507 From: Tazia SmONdbldbcom To: jeevacation®gmail.com. Cc: Date: 09/2512014 02:18 PM Subject: Fw: Key themes 8 trades Paul Morris. Vinit Sahni/db/dbcom@DBEMEA. Nay Gupta/db/dbcom@DBEMEA. Vahe Stepaniankibicibcom©DBAmericas Happy New Year Jeffrey - Below please find key themes and trade ideas from Vinit and Nav's DB KCP Global Capital Markets team. In short: - Continue to press euro short - Long Indian rupee vs. euro - Sell S&P puts to buy 4x S&P calls - Long Nikkei via risk reversals [could do rr on your DXJ) Please see below and we will refresh any trades that resonate with live levels. Regards, Tazia Forwarded by Tazia Smithiclb/dbcom on 09/25/2014 01:32 PM -- Key themes: • Divergence in monetary policy between the Fed & Bank of England on the one hand and ECB & Bank of Japan on the other • Continued capital inflows into Asian countries where financial conditions are easing (eg, Japan) and/or structural reforms are being implemented (eg, India) • US recovery - buying into dips as US anchors global growth EFTA01194422