Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-11-06Macro

Core CPI: Forecast monthly increase for OctoberOct 2026Core PCE deflator: Would rise back to this 12-month rate if CPI forecast is realizedOct 2026Fed funds rate: Rate hike expected at the December FOMC meetingDec 2026Nonfarm productivity growth: Quarterly annualized pace3Q26

J.P. Morgan·2026-11-06Macro

Global oil market balance: Surplus widened from 1.1 mbd in SeptemberOct 2026Brent crude price forecast: Annual average2027WTI crude price forecast: Annual average2027Gold price forecast: Annual average2027Copper price forecast: Annual average2027

J.P. Morgan·2026-11-05Macro

J.P. Morgan·2026-11-02Macro

J.P. Morgan·2026-10-30Macro

Agricultural commodities·NeutralBCOM Agri index YTD performance: pared back from peak2026 YTD

J.P. Morgan·2026-10-30Macro

AUD·OverweightBRL·Neutral

J.P. Morgan·2026-10-27Macro

China industrial profit growth: acceleratedSep-26China industrial profit growth ytd: broadly stable; October expected stableSep-26

J.P. Morgan·2026-10-23Macro

J.P. Morgan·2026-10-22Macro

Additional local government bond quota: Rmb550bn to support investment4Q26

J.P. Morgan·2026-10-20Macro

J.P. Morgan·2026-10-19Macro

Latam FX·OverweightCEE FX·UnderweightUS real GDP growth (q4/q4): 2.5%2026US core PCE inflation (q4/q4): 3.2%2026

J.P. Morgan·2026-10-19Macro

China real GDP growth: 4.6% y/y2026China real GDP growth: 4.5% oya3Q26

J.P. Morgan·2026-10-19Macro

New home prices vs 2021 peak: -14.3%2026-09Secondary home prices vs 2021 peak: -23.5%2026-09

J.P. Morgan·2026-10-17Macro

J.P. Morgan·2026-10-16Macro

J.P. Morgan·2026-10-14Macro

J.P. Morgan·2026-10-13Macro

J.P. Morgan·2026-10-12Macro

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

North America Economic Research: Midterms highlight risk to the longer-term pace of AI buildout

Global Commodities: The Week in Commodities

US–China-Stability on harder terms

China's RatingDog PMI: Output up, prices down

Agricultural Markets Weekly: Agri price risk premiums have eroded, but supply is not out of the woods yet

Global Commodities: The Week in Commodities

FX Outlook: The dollar read-across from US midterms

China: Industrial profit growth picked up in Sept

Global Commodities: The Week in Commodities

China: Budget revenue growth turned negative in Sept,Additional LGB quota eases near-term funding pressure

China alt-data trackers chartpack (Series 65): Plenty of govt bond quota left

China’s Monetary, RMB and Market Architecture Takes Shape,Financial Street Forum 2026: A progress report

Global Macro Outlook and Strategy: Global Rates, Commodities, Currencies and Emerging Markets

China: Growth Turns Up, Recovery Remains Fragile External strength and fiscal support lift momentum

China: Housing stays weak as time-inconsistency lingers,Mortgage subsidies offer limited lift

China Bond Analytics

Global Commodities

China–EU Trade: Buying Time, Managing Tensions

EM Asia Local Markets Compass: Rain check for shorts,Neutralizing UWs in Thailand FX and rates after the selloff

Commodity Market Positioning & Flows: Energy rally lifts commodities OI