Broker Research: Sector, Macro and Strategy Notes

Morgan Stanley·2026-09-04Sector

China healthcare·Overweight

Morgan Stanley·2026-09-04Sector

4502.T4519.T4568.T4578.TJapan pharma·Neutral

Morgan Stanley·2026-09-04Strategy

India equities·OverweightIndia industrials·OverweightBSE Sensex: MS targetJun 2027

Morgan Stanley·2026-09-04Sector

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

Morgan Stanley·2026-09-04Macro

USD/JPY fair value: MS estimate2026

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

Morgan Stanley·2026-09-04Sector

3407.T4005.T4042.T4183.T4188.TJapan petrochemicals·OverweightSumitomo Chemical·Overweight

Morgan Stanley·2026-09-04Sector

Rare earths ex-China·Overweight

Morgan Stanley·2026-09-03Sector

1138.HK601872.SHTanker shipping·Overweight

Morgan Stanley·2026-09-03Sector

US software·Overweight

Morgan Stanley·2026-09-03Macro

CNY·Overweight

Morgan Stanley·2026-09-03Sector

ADYEN.ASDB1.DEENX.PAEQT.STFTK.DELSEG.LEuropean diversified financials·OverweightEQT·OverweightEuronext·OverweightAdyen·OverweightflatexDEGIRO·Overweight

Morgan Stanley·2026-09-03Macro

TTF gas price: MS forecastQ4 2026

Morgan Stanley·2026-09-03Sector

BP.LEQNR.OLGALP.LSSHEL.LShell·OverweightEquinor·Underweight

Morgan Stanley·2026-09-02Sector

European banks·Overweight

Morgan Stanley·2026-09-02Sector

AFX.DEAMP.MICOLO-B.COCTEC.LDEMANT.COSOON.SWHearing aids·OverweightEuropean medtech·Neutral

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

Beijing Health Check 289: DRG DIP 3.0 Read – Deepening Reform, With Resource Direction to True Innovation

Investor Presentation: Pharmaceuticals

Global Rates Strategy: Government Bond Auctions: The Month Ahead

India Equity Strategy Playbook: A Long Way Up

Macro Risks, Micro Catalysts

Tokyo Exchanges: Yen, Rates, Geopolitics and AI

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

Investor Presentation: Chemicals: AI-Related Stocks Take a Breather, Value Stocks Offer Upside

Metals & Mining: Critical Minerals Back in the Spotlight Ahead of US-China Talks

Tanker Shipping: Recent Share Price Gains: What's New?

Software: Signs of Life: Making the Case That SaaS Is ALIVE

China Musings: A 2021 Deja Vu? Different Tightening, Same Deflationary Pressure

Re-plumbing the Pipes-Technology's Reshaping of Capital Markets

The European Gas Manual Even a Mild Winter Comes At a Price

Energy: The Changing Face of the Majors: Upstream Fixing Under Way

European Banks - Europe-Capex Cycle Broadening Out -Remain Positive

European MedTech-Reset, Recovery, and Re-ratings