Weekly Scheduled Capacity Tracker; Introducing 1Q27 Relative to last week, scheduled seat capacity most noticeably changed for ASUR (4Q26: +246bps), mainly driven by Frontier. Key Takeaways July 13, 2026 02:23 PM GMT M Idea Latin America Transportation & Infrastructure | Latin America Our weekly capacity tracker monitors capacity for airports and airlines under our coverage, using OAG flight schedule data. For Airports, we track capacity using aircraft seats, which historically correlates with passenger tra ...

July 13, 2026 02:21 PM GMT Shimadzu (7701) | Japan M Update CEO Small Meeting Takeaways Key Takeaways The discussion at Shimadzu's small meeting for sell-side analysts with President Yasunori Yamamoto centered on electron microscope maker Tescan, the acquisition of which closed on Jul 10. Shimadzu indicated confidence in growing business in the semiconductor field drawing on Tescan's technology clout. Tescan purchase completed: Tescan recorded sales of $193mn and EBITDA of $38mn in F25. The breakdown of its ...

July 13, 2026 02:16 PM GMT Insurance - Property & Casualty | North America E&S Stamping Office Data - June 2026: Continued Pressure Stamping office premiums fell ~4% YoY in CA, FL, and TX in the month. The implied trailing 3-month pricing remains negative, suggesting slightly lower specialty market growth. That said, this appears to be better than the prior two months. Stamping office premiums decreased: Stamping office premiums in California, Florida, and Texas decreased by ~4% YoY in the month ( Exhibit 1 ...

Compared with 2025, when titles such as Demon Slayer and multiple films with box office revenue of over ¥10bn were released, the Jul-Dec 2026 domestic film lineup is softer, but there are still multiple major titles scheduled for release from the summer. Key Takeaways Our estimates for nationwide box office revenue for Jan-Jun 2026, based on Toho's monthly theatrical business segment data and market share, suggest that Jun 2026 as a single month was weak compared with the Jun 2025, when Kokuho ("National Tr ...

July 13, 2026 02:31 PM GMT HCL Technologies | Asia Pacific M Update 1QF27: first cut – beat on top line; stable F27 guidance Reaction to earnings Unchanged Modest upside Largely unchanged Impact to our thesis Financial results versus consensus Direction of next 12-month consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways In constant currency (cc) terms, revenue grew -0.5% qoq vs. our -1.5% estimate. Services revenue declined 0.7% QoQ in cc terms (we'd expected -1.7%). Software grew 2.2 ...

July 13, 2026 02:26 PM GMT India Economics | Asia Pacific M Update Good Trade Deficit Widens to 5- Month High Key Takeaways Our view: The underlying strength in goods exports is encouraging at the margin, with broad-based improvement in non oil exports such as gems & jewelry, select agri & allied products (rice, dairy & marine products), ores and minerals and electronic goods. Within imports, oil imports continue to remain elevated at US$19.3bn in June, as they also edged up 15.8%YoY in volume terms. Gold i ...

July 13, 2026 12:53 PM GMT Oriental Land (4661) | Japan M Update Announces Series of Price Hikes; Unavoidable Amid Cost Inflation; But Will it Translate to Margin Expansion? Oriental Land announced 1) a new park ticket pricing structure, expanding from six to eight price tiers by adding ¥11,900 and ¥12,400 tiers (Jul 10, 2026); and 2) a price increase for Disney Premier Access (DPA) for the 'The Villains Halloween 'Into the Frenzy'' parade from ¥2,500 to ¥3,500 for the period Sep 16–Oct 31, 2026 (Jul 13, 20 ...

July 13, 2026 12:46 PM GMT Morgan Stanley Research Global Morgan Stanley Global Macro Forum AI Capex, BOJ Policy and CPI/Earnings Preview July 13, 2026 Vishwanath Tirupattur – Chief Fixed Income Strategist | Strategist Brian Nowak – Head of US Internet Research Vishwas Patkar – Head of US Credit Strategy | Strategist Diego Anzoategui – US Economist Andrew Pauker – US Equity Strategist | Strategist MORGAN STANLEY & CO. LLC Masayuki Inui – Japan Economist MORGAN STANLEY MUFG SECURITIES CO., LTD.+ Morgan Stanl ...

Japan Equity Strategy & Global Economics | Japan M Idea Asia Trip Feedback: Renewed Interest in the Banking Sector Fiscal concerns, coupled with higher rates and a weaker yen, are likely to fuel expectations for further BOJ tightening. Asian investors increasingly favor banks not only as beneficiaries of higher rates, but also as a hedge against AI-related equities. July 13, 2026 11:26 AM GMT Key Takeaways Morgan Stanley MUFG Securities Co., Ltd.+ | Sho Nakazawa | | | --- | --- | | Equity Strategist | | | S ...

July 13, 2026 01:32 PM GMT G10 FX Strategy | Global Andrew M Watrous Strategist Andrew.Watrous@morganstanley.com +1 212 761-5287 FX Positioning Indicates Investors Remained Net Long DXY Our FX options positioning scores are now published daily on Bloomberg. A table of the tickers can be found in the Appendix. Key Takeaways Exhibit 1: Source: DTCC, Bloomberg, Morgan Stanley Research; Note: Using options that were traded in the past three months and expire in the coming one month. Notionals are delta-adjusted ...