Morgan Stanley·2026-11-04Strategy
002475.SZ1801.HKZIJINMINING300274.SZ300308.SZ301511.SZ600176.SHGIGADEV688041.SH688256.SHA-share sentiment indicator: Below technical rebound threshold, historically followed by a rebound within 1-2 monthsCurrent
Research: Broker notes on sectors, macro, rates and strategy
- J.P. Morgan·2026-11-04Sector
- Nomura·2026-11-04Sector6181.HKAS.US
- Goldman Sachs·2026-11-04Sector1686.HK300383.SZ300442.SZ603881.SH9698.HKGDS.USVNET.US
- Nomura·2026-11-04Sector1590.TW6273.T
- Citi·2026-11-04MacroBrent price: Base case, gradual de-escalation, 60% probability2027Brent price: Bull case, escalation, 30% probability2027
- BofA Securities·2026-11-04SectorAAL.LANTO.LBHP.AXGLEN.LMT.ASNHY.OLRIO.LCopper·OverweightCopper price: Expected to reach this level in 20272027
- BofA Securities·2026-11-04MacroBrazil grains and oilseeds planted area growth: About 1 mn ha, below USDA and CONAB forecasts of roughly 2%2026/27Brazil corn production (downside scenario): Below 141 mn t in 2025/26 and the USDA forecast of 139 mn t2026/27Global major-crop area needed from population growth alone: Required each year even with trend yield gainsAnnual
- Nomura·2026-11-04MacroUSD/CNYfix: Modelprojection2026-11-04USD/CNYfix: Counter-cyclical-factor model projection2026-11-04
- Citi·2026-11-04Sector002028.SZ0968.HK2208.HK300274.SZ603806.SH6865.HK688223.SH0836.HK0902.HK0916.HK1071.HK1816.HK2380.HKChinese renewable energy equities·OverweightPRC coal-fired IPPs·UnderweightQinhuangdao 5,500 kcal spot coal price: Down 1.3% WoW; likely elevated into winter2026-11-04Solar glass price: Up 5.3% WoW on higher winter gas costs2026-11-04
- Goldman Sachs·2026-11-03Sector
- Morgan Stanley·2026-11-03Thematic
- J.P. Morgan·2026-11-03Sector2318.HK2628.HKPing An H·Top pickChina Life H·Top pick
- Nomura·2026-11-03MacroUSD/CNY fixing: projection2026-11-03
- Bernstein·2026-11-03Sector
- Morgan Stanley·2026-11-03SectorEuropean staples·NeutralStaples commodity cost inflation: Constant-spot/hedging model2027EHPC commodity inflation: Constant-spot/hedging model2027EFood commodity inflation: Constant-spot/hedging model2027E
- Goldman Sachs·2026-11-03Other
- J.P. Morgan·2026-11-03SectorLocalized Thai EV producers·OverweightImport-dependent EV producers·UnderweightThai imported BEV excise tax: ReportedpolicychangeFromJan2027
- Morgan Stanley·2026-11-03Sector
- Goldman Sachs·2026-11-03MacroFX deposit reserve requirement: Announced policyNov15-2026USD/CNY: 12-month forecast12m