海外研报

Europe Weekly Kickstart Summer data-only update

Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures,

Navigating a Noisy Election

Prepare for more noise than signal. Uncertainty is high for election results & the macro impacts of key policy choices. We see value in key equity sectors, a skew toward USD &

The White House and the Dollar

Policies proposed by the Republican presidential campaign would likely boost USD. A potential Republican administration

Time to Enter UST Steepeners

After having adopted a neutral stance on the US yield curve for much of the past year, we believe now is the time to enter US

What's Priced In? Boom or Bust?

We analyze where cross-asset valuations are after the sell-off and rebound. While a shallow cutting cycle supports risk, we

Asia-Pacific Inflation Monitor: Uptick in July

This publication summarizes regional and economy-specific inflation data across nthe Asia-Pacific economies we cover. The latest data points are for July 2024 in

High Frequency Monitor Safety net

Global equities rallied on a prospective Fed rate cutThe MSCI AC World Index rallied +1.7% last week on expectations the US Fed rate cut

Volatility Review

On Aug $* the VIX saw its largest ever intraday spike, driven by the largemarket sell-off, investor panic, a shift in short-dated volatility positioning, andlow liquidity during the pre-market session.

Extraordinary Dividend Potential Remains Intact; Upgrade to Overweight

PBR's investment case remains centered on shareholder remuneration, which — for better or worse — is directly tied to

Post 2Q24: Q224 Retail +18% cFX - Prada robust and Miu Miu acceleratio

H124 Sales +3% ahead of VA Consensus; EBIT 4% ahead:Ongoing outperformance in 2Q24 retail sales +18% (no