From: Tazia Smith < a> To: "Jeffrey epstein" <jeevacation®gmail.com> Cc: "Harry Beller" <MMIla> Subject: [C] Date: Thu, 07 Nov 2013 13:27:59 +0000 Importance: Normal Classification: Confidential Good Morning Jeffrey - I'm sure you know that the ECB cut rates to 25bps this morning. EURUSD broke down to a 1.33 handle. Just wanted to check in on the european equity basket you have away from DB - I'm sure you've realized nice gains (names like JCDecaux, for example, which was one of our top picks here too). While the accomodative ECB should be supportive for the markets nearterm, the ECB doesn't have the same firepower as the Fed and the risk-reward for european equity indices is not as clearly to the upside. Vol is still relatively low, but I'd favor something like an absolute return note, rather than being delta-one. Call you shortly on TWTR allocation, as you saw, it priced at 26. Best Regards, Tazia Tazia Smith Director Markets Coverage Group Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00975946