Americas CIO View

Neither higher wages, oil, nor federal funds rates threaten margins

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Source: Thomson Reuters I/B/E/S Estimates, Deutsche Investment Management Americas, Inc. as of 5/4/18

All opinions and claims are based upon data on 5/4/18 and may not come to pass. This information is subject to change at any time, based upon economic, market and other considerations and should not be construed as a recommendation. Past performance is not indicative of future returns. Forecasts are based on assumptions, estimates, opinions and hypothetical models or analysis that may prove to be incorrect. Deutsche Asset Management Investment GmbH

CRC 057368 (05/2018)

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