Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-10-19Macro

TTF Dec-26 contract: EUR 88/MWh2026-12TTF Mideast supply risk premium: EUR 18/MWh2026-10

Goldman Sachs·2026-10-19Sector

CS.TOERO.TOFM.TOHBM.USHudbay Minerals·Top pickCopper equities·Overweight

Goldman Sachs·2026-10-19Macro

Goldman Sachs·2026-10-19Strategy

Global Quality·Overweight

Goldman Sachs·2026-10-19Sector

Goldman Sachs·2026-10-19Macro

Goldman Sachs·2026-10-19Sector

GMD.AXIGO.AXMIN.AXNEM.AXPDN.AXPLS.AX

Goldman Sachs·2026-10-19Macro

China real GDP: +4.5% y/y in 3Q262026-Q3China real GDP growth forecast: 4.6% for 20262026

Goldman Sachs·2026-10-19Sector

000333.SZ000651.SZ600690.SH

Goldman Sachs·2026-10-19Sector

China battery export tax rebate: 0% from Jan 20272027-01

Goldman Sachs·2026-10-19Sector

4062.T6762.T6779.T6787.T6976.T6981.T6996.T6997.T

Goldman Sachs·2026-10-19Macro

China 70-city primary home prices: +0.3% m/m annualised SA, -2.7% y/y2026-09

Goldman Sachs·2026-10-19Sector

1882.HK300124.SZ600845.SH

Goldman Sachs·2026-10-19Macro

Central bank gold purchases: 79 tonnes in August2026-08

Goldman Sachs·2026-10-19Macro

Goldman Sachs·2026-10-19Sector

001979.SZ0688.HK0817.HK1109.HK3900.HK

Goldman Sachs·2026-10-19Macro

LME copper price: USD 14,700/t end-20262026-12LME copper price: USD 15,400/t 2027 average2027

Goldman Sachs·2026-10-19Sector

2308.TW2317.TW2330.TW300308.SZ600183.SH992.HK

Goldman Sachs·2026-10-18Macro

China exports: +36.3% y/y in September2026-09China PPI inflation: 2.8% in 20262026China PPI inflation: 0.3% in 20272027China CPI inflation: 0.8% in 20262026China CPI inflation: 0.6% in 20272027

Goldman Sachs·2026-10-18Sector

2059.TW3008.TW3017.TW3324.TW

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

Natural Gas Comment: Europe Winter Tracker: LNG Supply Uncertainty Supporting TTF Risk Premium

Americas Mining Copper Scarcity Premium: An Investment Framework for Copper Projects

EM MACRO THEMES: Swan Dive-The Search for Internal and External Balance

GLOBAL WEEKLY KICKSTART: Quality Regains Ground, Momentum Faces Headwinds

China Healthcare: New export rules restrict ownership transfer of CGT siRNA platforms; out-licensing and CRO CDMO remain supported

European Economics Analyst: Measuring Euro Area Fragmentation Risk

Australian Gold, Lithium & Uranium Coverage

China: Q3 GDP slightly beat expectations on broad-based improvement in September activity

CHINA CONSUMER DURABLES APPLIANCE TRACKER Sep 2026

China Automobiles: Expert call takeaway: Expect positive domestic retail growth in 2027 amidst policy headwinds

Japan Electronic Components: Meetings with non-covered companies: Meiko Electronics, Nihon Dempa Kogyo, Nippon Chemi-Con

China: 70-city average primary property price edged up sequentially in September

CHINA INDUSTRIAL INDICATORS: Stable trend in Sept with strength in semi ESS while weakness in consumer verticals

Precious Comment: Central Bank Gold Purchasing Trend Remains Strong Through August

Global: GS Economic Indicators Update: Australia FCI Tightens the Most Among Major Economies Over the Past Year

China Property Monthly Tracker: Sep ASP inspiring and aggregate sales resilient; yet primary sales and completion miss

BASE METALS ANALYST Copper: Raising Our Price Forecast on US-China Competition

GC Tech: Outlining growth potential and opportunities by sub-sector

China: Three things in China

Global Server: Raising both AI and General servers; better mix and higher memory costs drive CSP spending