Broker Research: Sector, Macro and Strategy Notes

Morgan Stanley·2026-09-04Sector

ACA.PABNP.PAGLE.PASociete Generale·OverweightBNP Paribas·NeutralCredit Agricole SA·Neutral

Bernstein·2026-09-04Thematic

300124.SZ6324.T6861.T6954.TCGNXHumanoid robotics·Overweight

Barclays·2026-09-04Sector

APOKKR.USUS brokers, asset managers & exchanges·Overweight

Goldman Sachs·2026-09-04Strategy

Goldman Sachs·2026-09-04Sector

6187.TWO6223.TWO6515.TWAdvanced packaging equipment·Overweight

Morgan Stanley·2026-09-04Macro

USD/JPY fair value: MS estimate2026

Deutsche Bank·2026-09-04Macro

J.P. Morgan·2026-09-04Strategy

China financials·OverweightChina healthcare·OverweightChina AI supply chain·OverweightCSI-300: JPM base case targetend-2026MSCI China: JPM base case targetend-2026

BofA Securities·2026-09-04Macro

LME cash copper: BofA forecast2027

Barclays·2026-09-04Macro

China export growth: Barclays forecastAug 2026China PPI inflation: Barclays forecastAug 2026

BofA Securities·2026-09-04Sector

Memory·Overweight

BofA Securities·2026-09-04Strategy

European equities·UnderweightEuropean cyclicals·UnderweightEuropean financials·UnderweightEuropean staples·OverweightEuropean pharma·OverweightFed hikes in 2026: BofA economists base case2026

Morgan Stanley·2026-09-04Sector

000270.KSHYUNDAI012330.KS018880.KS161390.KS204320.KSKorea autos·Neutral

Morgan Stanley·2026-09-04Sector

European luxury·NeutralHard luxury·Overweight

Morgan Stanley·2026-09-04Sector

US integrated oils·OverweightUS oil E&Ps·Neutral

Morgan Stanley·2026-09-04Thematic

AI adopters·OverweightAI enablers·Overweight

Nomura·2026-09-04Macro

US core CPI: Nomura forecastAug 2026US nonfarm payrolls: actualAug 2026US unemployment rate: actualAug 2026

Nomura·2026-09-04Macro

USD/CNY fix: Nomura model projection2026-09-04

Goldman Sachs·2026-09-04Sector

ADI MCHPNXPI.USAnalog semiconductors·Overweight

Goldman Sachs·2026-09-04Sector

1951.HK2235.HK6078.HK688277.SHChina medical devices·Neutral

Research: Broker notes on sectors, macro, rates and strategy

Macro Risks, Micro Catalysts

Humanoid Robotics: The emperor's new brain and the AlphaGo moment-four predictions shaping the next three years

U.S. Brokers, Asset Managers & Exchanges : Key Themes and Questions Compendium: A Guide to Barclays Financials Conference

WEEKLY FUND FLOWS: Continued Japan Bond Fund Inflows

Taiwan Technology: Semiconductors: Day 1: Key takeaways from SEMICON Taiwan 2026: CPO in focus

Tokyo Exchanges: Yen, Rates, Geopolitics and AI

FX Blog: Guess who is buying Japan

China Equity Strategy Thematic Rotation into Financials, Commodities and Healthcare; Earnings-Backed Alpha Screen

Global Metals Weekly: China’s Zeitenwende as the US saves copper

China Outlook: Little signs of a demand turnaround

Global Memory Tech Weekly theme-Japan conf takeaways and investor feedback, Sept spot price upside

What if the Fed hikes in September-

S. Korea Autos, Batteries, and Energy & Materials

Luxury: Talk From the Trade

Energy: Oil Approaches $100...Again – Revisiting Sensitivities

Broaden Exposures to AI Adoption Beneficiaries, but Hold onto Core AI Enablers

US Economic Weekly: Holding Pattern

USD CNY fix model: Projection: 6.7069

Americas Technology: Semiconductors: SIA data shows generally above seasonal in July, with select segments weaker

CHINA HEALTHCARE: MEDICAL DEVICE & SERVICES : 2Q 1H26 Review: Gradual Recovery Underway; Globalization and Shareholder Returns Remain Key Differentiators