Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-10-09Sector

ZIJINMINING600547.SH2259.HK600362.SH

Goldman Sachs·2026-10-09Macro

European EPS growth: 5% in 20272027

Bernstein·2026-10-09Thematic

COP CVX XOM

Deutsche Bank·2026-10-09Sector

2598.HKFUTUChina online brokers·OverweightChina lenders·UnderweightFutu·Top pickLianlian·Top pick

Deutsche Bank·2026-10-09Thematic

J.P. Morgan·2026-10-09Sector

0688.HK1109.HK1209.HKBEKE.US

Goldman Sachs·2026-10-09Strategy

Goldman Sachs·2026-10-09Sector

AAPL DELLHPQ.US

Goldman Sachs·2026-10-09Strategy

CVE.USPRSHLS.USSTLD TLN

Nomura·2026-10-09Macro

Goldman Sachs·2026-10-09Strategy

Taiwan·OverweightKorea·OverweightBrazil·OverweightSouth Africa·OverweightHungary·OverweightEM Tech Hardware·OverweightEM Banks·OverweightEM Capital Goods·OverweightEM Metals·Overweight

Goldman Sachs·2026-10-09Macro

Nomura·2026-10-09Sector

300308.SZ300502.SZ

Goldman Sachs·2026-10-09Strategy

Banks (SX7P)·OverweightBasic Resources (SXPP)·NeutralAutos and Parts (SXAP)·UnderweightFrance real GDP growth: 0.4% in 20262026France real GDP growth: 0.6% in 20272027

Bernstein·2026-10-09Sector

Goldman Sachs·2026-10-09Sector

7010.SREAND.AE

Goldman Sachs·2026-10-09Sector

300442.SZGDS.USVNET.US

HSBC·2026-10-09Sector

688188.SH688083.SH

Bernstein·2026-10-09Sector

BF-B.USDGE.LRI.PA

J.P. Morgan·2026-10-09Macro

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

China Basic Materials: 3Q26 Earnings Preview: Coal and copper to lead earnings growth; downgrade SD Gold to UW

Corporate Macroscope: A Macro Guide to the Micro Worl

Bernstein Energy & Power: The risk framework for oil & gas will never be the same

China Fintech Playbook: Regulatory headwinds and weak domestic consumption are driving accelerated overseas expansion

Quantifying the Impact of AI-Enabled Trial Delivery

Mainland China HK Property: First look at Golden Week

EM WEEKLY FUND FLOWS MONITOR Foreign selling continues

Americas Technology: Hardware: C3Q26 PC market share review: Industry unit shipment declines 20% year-over-year

Energy, Utilities & Mining Pulse: Investors Asking: Where Do We See Positive Momentum on Q3 Earnings and Q4 Guidance?

Key focus and themes: USD supports still intact -watching near-term risks to the view

MSCI EM flat w w as gains in LatAm offset losses in Korea Middle East; Brazil up 15% in USD, led by rate-sensitives, small-caps post First Round Elections; Navigating EM’s Concentration Conundrum

China: Largely stable tourism momentum during the National Day Golden Week

Global AI Trend Tracker: What if US content reaches 65% of transceiver BOM cost?

EUROPE WEEKLY KICKSTART: France 2027: Cheap, But Who Is Going to Buy?

Weekend Healthcare Pulse: Medtech is still Deadtech; what's the problem, and any hope into year end?

GCC Telecom Services: Limited read-across from SpaceX’s US spectrum deal; regional operators appear well insulated

China Data Centers: Following the ROIC

China Industrial Software: New growth driver appears

Weekend Consumer Blast: Jack Daniel's (and the US whiskey industry) is at its 'flavorgate' inflection

Global Commodities: The Week in Commodities