海外研报

Monetary Policy Expectations Analysis

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Japan: April-June Machinery Orders Flat, but Exceed Previously Announced Outlook

BOTTOM LINE: Private sector core machinery orders, a leading indicator for capex,rose +2.1% mom in June, the first increase in three months, and came in above the

Israel: Large Downside Surprise to Growth in Q2

Bottom Line: Israel’s GDP growth fell from +17.3%qoq annl. to +1.2%qoq annl.(both seasonally adjusted), which was significantly below consensus expectations

Assessing the risks around our 2025 S&P 500 EPS estimates after a strong 2Q 2024 earnings season

The macro backdrop has distracted many investors from fully appreciating the strength of the 2Q earnings season. 56% of S&P 500 firms beat