J P M O R G A N Asia Pacific Equity Research 18 July 2026 China Property Takeaways from expert call with Iceberg Index: K- shaped stabilization is on the horizon We hosted an expert call with Iceberg Index (冰山指数) to discuss the latest secondary market performance and 2H26/2027 outlook. Overall, the expert remains constructive on secondary sales volumes (despite the recent moderation), expecting positive Y/Y growth to be sustained into 2H26 (est. +10% Y/Y) & 2027. For home prices, the expert believes the mar ...

J P M O R G A N North America Credit Research 17 July 2026 HG & HY Consumer Checkup If They Hadn't Scored, We Would've Won... Credit (HY > HG) outperformed Equities on the week.The S&P declined -1.5% on the week, led by a sharp reversal across TMT (semiconductors and AI-linked mega caps) as investors questioned elevated valuations and the sustainability of AI capex. US and Iran hostilities and disruptions around the Strait of Hormuz pushed oil prices higher (Brent +16% to >$88/bbl), reinforcing inflation an ...

www.leadleo.com 中国生殖医学行业跟踪 | 2026/03 报告标签：生殖医学、玻尿酸 2026年3月 报告提供的任何内容（包括但不限于数据、文字、图表、图像等）均系头豹研究院独有的高度机密性文件（在报告中另行标明出处者除外）。未经头豹 研究院事先书面许可，任何人不得以任何方式擅自复制、再造、传播、出版、引用、改编、汇编本报告内容，若有违反上述约定的行为发生，头豹研究 院保留采取法律措施、追究相关人员责任的权利。头豹研究院开展的所有商业活动均使用"头豹研究院"或"头豹"的商号、商标，头豹研究院无任何前述名 称之外的其他分支机构，也未授权或聘用其他任何第三方代表头豹研究院开展商业活动。 1 中国透明质酸医疗器械的适用科室分布（按产品批件量计，截至2026M2） 来源：国家药监局，头豹研究院 www.leadleo.com www.leadleo.com 400-072-5588 头豹调研简报 | 2026/03 生殖医学行业 ©2026 LeadLeo 2 Q1：基于现有数据，中国透明质酸医疗器械在生殖医学领域的渗透率如何？ 本文的透明质酸医疗器械指经国家药监局批准，在注册证中明确将"透明质酸"列 ...

Vi e w p o i n t | 17 Jul 2026 09:01:42 ET │ 13 pages China Electrical Equipment Transfers of Coverage CITI'S TAKE We transfer coverage of Huaming Power Equipment (002270.SZ), Shanghai Electric (2727.HK), and Wasion (3393.HK) to Pierre Lau from Bella Tian. We maintain our ratings, target prices, and financial estimates for these names, as detailed below. Pierre Lau, CFA AC +852-2501-2716 pierre.lau@citi.com Air Ma +852-2501-7450 air.ma@citi.com China Electrical Equipment 17 July 2026 Citi Research Huaming P ...

J P M O R G A N Global Markets Strategy 17 July 2026 FX Markets Weekly Update Cross-currents dampen USD conviction but keep the case for carry Global FX Strategy Meera Chandan AC (44-20) 7134-2924 meera.chandan@jpmorgan.com J.P. Morgan Securities plc Patrick R Locke (1-212) 834-4254 patrick.r.locke@jpmchase.com J.P. Morgan Securities LLC Junya Tanase (81-3) 6736-1270 junya.tanase@jpmorgan.com JPMorgan Securities Japan Co., Ltd. Octavia Popescu (44-20) 3493-5654 octavia.popescu@jpmorgan.com J.P. Morgan Secur ...

J P M O R G A N Europe Economic Research 17 July 2026 Euro area HICP: Limited energy pass-through to core prices Economic and Policy Research Raphael Brun-Aguerre (33-1) 8703 2409 raphael.x.brun-aguerre@jpmorgan.com J.P. Morgan Securities plc The final June Euro area headline HICP print was revised down by 0.05%-pt to 2.75%oya. Headline inflation thus stands 0.42%-pt below the May level. And looking at the main details, the decline in inflation was broad-based: core inflation declined 0.20%-pt to 2.36%oya ( ...

Flash | 17 Jul 2026 08:32:51 ET │ 10 pages US Oil & Gas Equipment and Services What Hit SEI and the Other Distributed Power Names? CITI'S TAKE US Oil & Gas Equipment and Services 17 July 2026 Citi Research Solaris Energy Infrastructure (SEI.N; US$61.39; 1; 16 Jul 26; 16:00) Valuation Yesterday SEI fell 8.5% while other distributed power names (LBRT, PUMP and AESI) fell ~5%. We believe the culprit was a hyperscaler purchasing a private modular power company (TechRepublic, 7/16). The hyperscaler is a customer ...

J P M O R G A N North America Equity Research 17 July 2026 Derivatives Exchanges FMX July 16 Total Daily Volume of 42,681 with OI of 158,207 We observed 42,681 total futures contracts traded on July 16 at the FMX Futures Exchange, with 158,207 contracts of open interest (OI) at session-end. The closing level of OI on July 16 fell 3.4% from the previous trading session (163,762). 2yr and 5yr U.S. Treasury futures had 6,237 contracts of OI outstanding as of July 16with 14,660 UST contracts traded yesterday. W ...

July 17, 2026 11:09 AM GMT Travel & Leisure Activity Tracker 17th July 2026 M O R G A N S T A N L E Y R E S E A R C H Morgan Stanley & Co. International plc+ Morgan Stanley & Co. LLC Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making th ...

Key Takeaways On July 17, Moonshot released K3, a 2.8T open-weight LLM specialized in long- horizon tasks, knowledge work, and reasoning, with full weights to be released before July 27. K3 uses original algorithm innovations—Kimi Delta Attention and Attention Residual—to improve compute efficiency. In Artificial Analysis ranking, K3 ranks no. 3 globally, only behind two top US LLMs. In Arena.ai's coding leaderboard, K3 ranks no.1 globally. Its API price is the highest among leading Chinese LLMs, narrowing ...