Euro area: Tracking a rebound in construction in2Q-20260717
摩根大通· 2026-07-17 23:17
J P M O R G A N Europe Economic Research 17 July 2026 Euro area: Tracking a rebound in construction in 2Q Economic and Policy Research Mariana Monteiro (44 20) 3493-5147 mariana.reispaivamonteiro@jpmorgan.com J.P. Morgan Securities plc See page 4 for analyst certification and important disclosures. {[{E_h5_BKKqvKcRVK0pylMChAXDCylPs1d88EjzOC6P_kQX0rniB2oKi4f3LgVnmgrkv7jwiehJ-PzN6E_jpwE5nBTbivyYyIqjA6oQP0L}]} Europe Economic Research 17 July 2026 J P M O R G A N Mariana Monteiro (44 20) 3493-5147 mariana.reis ...
Truist Financial Corp (TFC.N): 2Q26 Initial Take -- ~6c Core PPNR Beat on Fees + Expenses; Guidance Mostly In-Line with Expectations-20260717
花旗· 2026-07-17 22:14
Flash | 17 Jul 2026 09:44:02 ET │ 13 pages Truist Financial Corp (TFC.N) 2Q26 Initial Take - ~6c Core PPNR Beat on Fees + Expenses; Guidance Mostly In-Line with Expectations CITI'S TAKE TFC reported ~6c core PPNR beat to consensus and our estimates, largely on strong fees (4c tailwind) in the other income line, as well as slightly better expense trends and only partially offset by the small miss on NII (~1c on estimates). NIM was down 4bps q/q to 2.98% (vs cons at 3.02%) likely on tighter loan spreads as in ...
Weekly Supply Monitor: Euro, US, and UK Supply Outlook-20260717
花旗· 2026-07-17 21:17
Vi e w p o i n t | 17 Jul 2026 08:18:37 ET │ 25 pages Weekly Supply Monitor Euro, US, and UK Supply Outlook CITI'S TAKE We expect €8bn of EGB supply next week, from scheduled issuance (Germany). The US Treasury will issue $34bn across 20yr sector and 10yr TIPS. The UK DMO will issue an estimated £6bn across gilt 4% May29 and a long conventional gilt via tender. The BoE will also conduct QT operations of £600mn in Mediums. Europe — EGB supply next week is scheduled from Germany (5/15/20yr; €8bn). There are € ...
Traditional Asset Managers: Nasdaq-100 ETF Flows-20260717
摩根大通· 2026-07-17 21:15
Nasdaq-100 ETF Flows On Thursday (July 16th), BlackRock's IQQ delivered inflows of $14mn, after inflows of $46mn on the prior day. State Street's QNDX inflows were $5mn on Thursday. Figure 1: Nasdaq 100 ETFs: Daily Flows and Trading Volumes | | | | State | | | --- | --- | --- | --- | --- | | | Invesco | Invesco | Street BlackRock | | | Ticker | QQQ | QQQM | QNDX | IQQ | | AUM ($bn) | $473 | ਵੰਰੋਰੇ | $0 | $0 | | Fee (bns) | 18 | 15 | 10 | 10 | J P M O R G A N North America Equity Research 17 July 2026 Tradit ...
Call it a week: European IG and HY TMT update-20260717
摩根大通· 2026-07-17 20:19
J P M O R G A N Europe Credit Research 17 July 2026 Call it a week European IG and HY TMT update This week, the Altice International structure came under pressure, making new lows, after creditors issued a formal default notice to the company. On the other hand, the Altice France structure was buoyed by news that the EC had referred Iliad's portion of the SFR deal to the French Competition Authority, placing the transaction under a single regulator. Earnings season kicked off, with decidedly mixed Q2 update ...
JPM Daily Credit Strategy Update: HG fund inflows decline to an11week low, in contrast to still strong Muni flows-20260717
摩根大通· 2026-07-17 20:19
Nathaniel Rosenbaum, CFA AC (1-212) 834-2370 nathaniel.rosenbaum@jpmorgan.com J.P. Morgan Securities LLC Silvi Mantri (1-212) 834-7239 Pavan D Talreja, CFA (1-212) 834-2051 pavan.talreja@jpmchase.com J.P. Morgan Securities LLC North America Credit Research J P M O R G A N 17 July 2026 | Asset Class | Fund Flow ($mm) | WoW chg | Trend | | 4-week avg ($mm) YTD ($mm) YTD (% of AUM) ETF ($mm) | | | Mutual Fund ($mm) | ETF Trend | MF Trend | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | H ...
贵金属日报-20260717
国投期货· 2026-07-17 20:09
| 111 国技期货 | | | 责金属日报 | | --- | --- | --- | --- | | | 操作评级 | | 2026年07月17日 | | 黄金 | 女女女 白银 | ☆☆☆ | 刘冬博 高级分析师 | | 销 | 文文文 | ☆☆☆ | F3062795 Z0015311 | | | | | 吴江 高级分析师 | | | | | F3085524 Z0016394 | | | | | 孙芳芳 高级分析师 | | | | | F03111330 Z0018905 | | | | | 010-58747784 | | | | | gtaxinstitute@essence.com.cn | 隔夜贵金属回落。本周美国通胀数据不及预期，但美联储主席沃什依然强调通胀风险。媒体报道称伊朗部分 机场、桥梁和铁路枢纽遭美军袭击,战争升温风险仍存,市场跟随战争信息摇摆，贵金属弱势暂难逆转，国 际金价继续测试3900美元/盎司位置关键支撑，一旦跌破将打开下方空间。数据方面美国公布6月零售销售月 率0.2%符合预期,周度初请失业金人数录得20.8万人为5月以来新低,经济维持较强韧性。 ★伊朗声称霍尔木兹海峡不 ...
股指弱势，大幅收跌
宝城期货· 2026-07-17 19:35
期货研究报告 专业研究·创造价值 2026 年 7 月 17 日 金融期权 股指弱势，大幅收跌 核心观点 今日股指均明显弱势，大幅收跌。本轮调整主要是外部风险传导下前期 交易拥挤度较高的板块短期内回调。 请阅读文末作者信息、作者声 明、免责条款。 专业研究·创造价值 1 / 11 请务必阅读文末免责条款 请务必阅读文末免责条款部分 金融期权 | 日报 近期外部风险有所上行，抑制股市风险偏好：一方面，美伊局势持续升 温，霍尔木兹海峡陷入实际断航状态，对供应链和物价的担忧压制全球宏观 经济增长预期；另一方面，美联储主席表态偏鹰派，全球流动性收紧预期仍 存，股票估值端承压；最后，前期涨幅显著的主线是 AI 产业链，随着对 AI 产业链投资放缓和供应过剩的担忧升温，全球科技股普遍回调，风险传导到 A 股引发资金避险离场。 投资咨询业务资格： 中长期来看，7 月政治局会议召开在即，政策面利好预期支撑经济基本 面和股市基本面，股指的中长期支撑仍存。 总体而言，预计短期内股指以区间震荡整固为主，后续关注政治局会议 的政策指引。 期权方面，近期股指快速回调，而股指中长期支撑仍存，建议短期观望 待市场企稳。 （仅供参考，不构成 ...
FX Volatility Strategy: What to Long, Short, and When-20260717
摩根大通· 2026-07-17 19:16
J P M O R G A N Global Markets Strategy 17 July 2026 FX Volatility Strategy See page 21 for analyst certification and important disclosures. • VXY levels, Global FX Strategy Ladislav Jankovic AC (1-212) 834-9618 ladislav.jankovic@jpmchase.com Sanjana Shinde AC (1-212) 622-2001 sanjana.shinde@jpmchase.com Yangyang Hou AC (1-212) 834-6734 yangyang.hou@jpmorgan.com J.P. Morgan Securities LLC What to Long, Short, and When • We perform a regime-based decomposition of returns, segmented by: Motivated by our recen ...
Autos Valuation Comp Sheet-20260717
摩根大通· 2026-07-17 19:16
J P M O R G A N North America Equity Research 17 July 2026 Autos Valuation Comp Sheet Priced as of July 16, 2026 In this note, we include the latest comp sheet and valuation metrics for global automotive OEMs (page 3), auto parts suppliers (page 5), auto auction service providers (page 13), tire manufacturers (page 14), auto rentals (page 15), and auto dealers (page 16). North America Equity Research 17 July 2026 J P M O R G A N Table Of Contents Autos & Auto Parts Rajat Gupta AC (1-212) 622-6382 rajat.gupt ...
