Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-10-23Sector

J.P. Morgan·2026-10-23Sector

Morgan Stanley·2026-10-23Sector

BMW.DEMBG.DETSLAVOW3.DE

Goldman Sachs·2026-10-23Sector

ETL.PASESG.PA

Goldman Sachs·2026-10-23Sector

AZN.LBAYN.DEBMY.USLLY MRKNOVN.SWPFEROG.SW

Morgan Stanley·2026-10-23Sector

J.P. Morgan·2026-10-23Sector

6762.TWDC

Goldman Sachs·2026-10-23Strategy

China real GDP growth: 4.6%2026

Nomura·2026-10-23Macro

US real GDP growth: 3.4% q-o-q saar2026-Q3US core PCE inflation: 3.1% y-o-y2026-Q4Fed funds rate: hold in October2026-10

BofA Securities·2026-10-23Credit

Pipelines·OverweightInsurance·OverweightUtilities·OverweightConsumer Products·UnderweightHealth Care·UnderweightBBB·Neutral

Goldman Sachs·2026-10-23Macro

JPY·Overweight

Nomura·2026-10-23Sector

1109.HKKER.PA

Citi·2026-10-23Sector

Goldman Sachs·2026-10-23Sector

002371.SZHHGRACE688012.SH688256.SH688981.SH9660.HKChina Semiconductors·Overweight

Nomura·2026-10-23Sector

GM.US

Goldman Sachs·2026-10-23Macro

Goldman Sachs·2026-10-23Sector

BYD HSAI LI NIOXPEV.US

Goldman Sachs·2026-10-23Strategy

Morgan Stanley·2026-10-23Sector

LME aluminium price: USD 3,100/t2026-Q4LME aluminium price: USD 3,000/t2027-Q1

Nomura·2026-10-23Macro

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

Americas Healthcare: Pharmaceuticals: Treasury proposal includes restrictions on US investment in Chinese biotechnology

Payment Processing: Musing on Agentic Commerce – Iterative Changes Happening Weekly, but Payment Processing World Order Feels Increasingly BAU

Global Autos: September Global Auto Sales: Stable, China vs RoW

European telecoms: SpaceX’s US cell-site ambitions continue to raise US competition concerns, but spectrum sovereignty should leave Europe

GLOBAL HEALTHCARE: PHARMACEUTICALS: Analysing Oncology Specialist Prescribing trends into ESMO

Agentic AI In Financials: Less Sweep Than Feared

Electronic Components Sector Western Digital’s 1Q FY2027 results: Implications for Japan’s electronic components sector

CHINA WEEKLY KICKSTART: A outperformed H amid global AI selloffs; First batch of active ETFs launched; Q3 GDP modestly beat expectations

US Economic Weekly: Fed set to pause in October

IG Credit Strategist AI funding tantrum

GLOBAL FX TRADER: For Whom Tech Tolls

China consumer: Read-across from Kering’s 3Q26 results

China Healthcare US Outbound Investment Proposal: License-out and CDMO Operations Likely to be Unaffected

Greater China Semis: Sep: IC import export value +74.7% +136.0% YoY

Nomura Global Autos Monthly: No signs of slowdown in demand, but outlook uncertain

China Economic Activity and Policy Tracker: Oct 23

China Mobility Tech: 3Q26 ADRs Preview: Weaker domestic demand, lower government support, higher R&D

INDIA WEEKLY KICKSTART - NIFTY lost 2 pct this week - Activity stayed resilient

metal&ROCK: LME Week 2026: Key Takeaways

Asia Insights China: Fiscal contraction remained in Q3