Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-10-16Strategy

TOPIX target: 4,6002027-10

Bernstein·2026-10-16Sector

LYV.USSPOTWMG.US

J.P. Morgan·2026-10-16Macro

Goldman Sachs·2026-10-16Strategy

European Quality·Overweight

BofA Securities·2026-10-16Strategy

Technology·Neutral

Goldman Sachs·2026-10-16Sector

SKHYNIX SMSN CXMT

J.P. Morgan·2026-10-16Strategy

Goldman Sachs·2026-10-16Strategy

India CPI inflation: 5.5% y/y in September2026-09

Bernstein·2026-10-16Sector

002371.SZ688012.SH688072.SH

J.P. Morgan·2026-10-16Strategy

UBS·2026-10-16Macro

Goldman Sachs·2026-10-16Strategy

Taiwan·OverweightKorea·OverweightBrazil·OverweightSouth Africa·OverweightHungary·OverweightTWSE 12-month target: 57,5002027-10

BofA Securities·2026-10-16Macro

China structural lending tools: RMB800bn2026-Q4China additional local-government bond quota: RMB550bn2026-Q4

UBS·2026-10-16Sector

600886.SH600900.SH

UBS·2026-10-16Strategy

Morgan Stanley·2026-10-16Sector

ANET COHR CSCO KEYS LITELumentum·OverweightCoherent·Overweight

Bernstein·2026-10-16Sector

ABX.TONEMRIO.L

BofA Securities·2026-10-16Macro

US core PCE: 0.34% m/m Sep2026-09US headline PCE: 0.52% m/m Sep2026-09

Bernstein·2026-10-16Sector

EQTEXE.USHenry Hub gas price: USD 5/mcf in 20272027

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

JAPAN WEEKLY KICKSTART: 2Q3 27 earnings preview: earnings delivery crucial for continued upside

Weekend Media Blast: The AI trade is taking a beat, but AI music certainly isn't

Global Commodities

EUROPE WEEKLY KICKSTART: Quality Control

FAQs: The economics of the AI buildout

GLOBAL TECHNOLOGY: SEMICONDUCTORS-MEMORY Our take on CXMT’s 4F2 announcement and implication to Samsung Electronics and SK Hynix

Treasuries The trees are stripped bare of all they wear, what do I care-

INDIA WEEKLY KICKSTART: NIFTY rebounded from the lows, up 3% w w; Domestic fund inflows surged in September; Inflation pressure broadened; 3Q earnings started off on a mixed note

China Semicap Local WFE Vendors Gear Up for Hybrid Bonding

Stock Selection via CDS Marks From Early Warning to Risk Premium

Credit Market Outlook & Strategy Hyper-ventilating again

US Economic Perspectives: Warsh: not prejudging policy path

EM WEEKLY KICKSTART MSCI EM fell 5% w w dragged by Tech AI

Asia Economic Weekly: China – Policy baby steps fail to close the stimulus gap

China Hydropower Sector: Divergent 3Q26 volume data but El Ni-o supports stronger 2027 outlook

China Equity Strategy: Gauging the impact of lower export VAT rebate

Telecom & Networking Equipment OCP 2026 Still Plenty of Hard Problems to Solve, But Problems Largely Known

Global Metals & Mining: 4Q26 Commodity & Equity Update-Mining runs on diesel and debt...what happens next?

US Economic Weekly: The consumer has moved past the Fed’s 2025 snapshot

Americas Energy & Transition: Americas Gas Tracker: YTD and Y-o-Y metrics not as bad as you think