Broker Research: Sector, Macro and Strategy Notes

HSBC·2026-10-12Macro

HSBC·2026-09-29Macro

Global GDP growth: forecast2026Global GDP growth: forecast2027

HSBC·2026-09-10Macro

HSBC·2026-09-09Macro

China bank recapitalisation: announced2026

HSBC·2026-09-08Macro

TTF gas price: USD22.5/mBtu (from 16.7)2H26TTF gas price: USD17/mBtu (from 12)2027TTF gas price: USD10/mBtu (from 9)2028EU gas storage fill: 73% by 1 November (lowest since 2009)2026-11-01Global gas demand growth: c0.4% y/y

HSBC·2026-09-08Macro

Brent: USD89/b (from 75)3Q26Brent: USD95/b (from 70)4Q26Brent: USD90/b average2026Brent: USD85/b2027Brent: USD75/b long-term2028+Oil market balance: 1.0mbd surplus2027

HSBC·2026-09-02Macro

Global GDP growth: HSBC forecast2026Global GDP growth: HSBC forecast2027

HSBC·2026-08-26Macro

China·Neutral

HSBC·2026-08-21Macro

Brent oil price: upAug-2026

HSBC·2026-08-19Macro

China·Neutral

HSBC·2026-08-12Macro

HSBC·2026-07-22Macro

HSBC·2026-07-20Macro

HSBC·2026-07-15Macro

HSBC·2026-07-08Macro

HSBC·2026-07-01Macro

HSBC·2026-06-29Macro

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

Global Tourism: Growth, Disruption and Diversion

Global Economics: Tightening tensions

Ageing Asia: Racing against time

China Macro Tracker: Recapitalisation

Gas markets: Complacency comes at a cost

Oil markets: Raising forecasts on disrupted Hormuz new normal

Global Economics Crosscurrents

China Macro Tracker: No bazooka: fine-tune and add-ons

Commodity Economic Comment: Diesel and refined product prices rise again

China Macro Tracker: Domestic weakness calls for more support

China Macro Tracker: Tech frictions, steady trade

China’s trade relations: Pushback, not pullback

Trade without AI: What happens if the boom fades?

Asia AI watch: Reinforcing the case for monetary tightening

China Macro Tracker: Expanding consumption, led by services

Digital Assets Insights: Post-quantum tokenisation: the migration challenge

Oil markets: Cutting forecasts: Mini-glut now, surplus later

China Macro Tracker Engagement continues

Global Economics: Crosscurrents

ASEAN Perspectives: Twin deficits: an oil and AI race