海外研报

S&P Global PMI in Line With Expectations

BOTTOM LINE: The ISM manufacturing index declined in July, against consensusexpectations for a modest increase. The composition of the report was weak, as the

2Q24 EPS Miss on Margins; Initial 3Q Trendlines Somewhat Muted vs Expectations

Bottom Line: ARCB 2Q24 adjusted EPS of $1.98 was belowGSe/Visible Alpha Consensus estimates of $2.20/$2.08. Results

weighed down by continued weakness in North Asian markets & Global Cyclicals

MXAPJ lost 0.8%, dragged down by Philippines, Taiwan andKorea (-2% each), while Thailand, Australia, and Indonesia

Barclays Equity Factor Monitor

Updated monthly holdings and performance stats for ourequity factor baskets across the US & Europe are presented

Change in Fed call: Three 25bp cuts this year

With this morning's weaker-than-expected labor market report,we now expect the FOMC to cut rates by 25bp three times this

Global Economics Weekly Ready, set... slow

The global economy is showing signs of slowing, withmanufacturing weakening and the US labour market cooling.