Europe Specialist Sales 16 June 2026 J P M O R G A N Ian Mitchell - Specialist Sales - European Energy AC (44-20) 7134-1356 ian.e.mitchell@jpmorgan.com J.P. Morgan Securities plc UK WATER, ADP, LNG, JPM GEOPOL/IRAN, UK SPOTLIGHT & MORE Ian Mitchell +44 207 134 1356 ian.e.mitchell@jpmorgan.com Key Newsflow 1 {[{VQPabI1q4lBxXJgI4eVLhGBQmMREzirIZO1twE2oS0IOvaJewCWYPqcXZd5SltC3qyFFBf-THcoFImFVY0Q1mNjBrK4SDmNxAUtNd5OC}]} • TODAY - JPM Industrials Conference Day 1, ANE ex Div • TOMORROW - JPM Industrials Conferen ...

Specialist Sales 16 June 2026 JPM | EMEA Spec Sits Daily: CBK GY/UCG IM no bump, SPM IM CEO and CFO feedback +44 207 134 6029 zara.patel@jpmorgan.com Special Sits Today News & Press M&A JPM Research • Saipem -Takeaways from Italian Energy Investor Tour Meetings with CEO Alessandro Puliti and CFO Paolo Calcagnini- Alejandra Magana here Our excellent analyst Alejandra met Saipem's CEO and CFO last week, as part of JPM's Italian Energy Tour. Specifically on the Saipem/Subsea7 deal management struck a construct ...

Morgan Stanley MUFG Securities Co., Ltd.+ | Jaeheon Lee | | | --- | --- | | Equity Analyst | | | Jaeheon.Lee@morganstanleymufg.com | +81 3 6836-8443 | | Shinichiro Muraoka | | | Equity Analyst | | | Shinichiro.Muraoka@morganstanleymufg.com | +81 3 6836-5424 | June 16, 2026 06:30 AM GMT Kaken Pharmaceutical (4521) | Japan M Idea Remain OW: Sell-off Provides Good Entry Point | What's Changed | | | | --- | --- | --- | | Kaken Pharmaceutical (4521.T) | From | To | | Price Target | ¥5,200 | ¥5,300 | We revise fo ...

Gigi Sparling - Specialist Sales - European Financials AC (44-20) 7134-0355 ghislaine.sparling@jpmorgan.com J.P. Morgan Securities plc Europe Specialist Sales 16 June 2026 J P M O R G A N Commerzbank/Uncredit; Makerfield; UK Voice Call; ECB thoughts Gigi Sparling +44 207 134 0355 ghislaine.sparling@jpmorgan.com 4 Key Highlights Today: Use the links below to jump straight to each section: The Detailed Highlights Post results, Newswires & Away from Us Global Financials wrap, Trading Recap and Colour Global Fi ...

J P M O R G A N European Banks Daily 16 June 2026 Daily Valuation Sheet | Banks Analyser & Global Banks and Fintech Valuation Weekly sheet | European Banks 2026 Outlook - PODCAST Research EMEA Investment Companies Daily:TRIG sale of Beatrice stake, SEQI NAV, LBOW RoyaleLife Loan, NBPE name change, AERS withholding fees, CREI update on Scorpion portfolio, VIP Final results Christopher Brown (44-20) 7134-4722 The Renewables Infrastructure Group (TRIG, Neutral) - Sale of Beatrice offshore wind farm stake at 4% ...

J P M O R G A N Asia Pacific Credit Research 16 June 2026 APAC Credit Roundup Supply Forecast, EM Asia FX Risks, China's Sovereign Rating Asia Credit Perspectives - Lowering 2026 supply to US $170 billion We have lowered our Asia supply forecast for 2026 to US$170 billion (down US$30 billion). Bond supply from Asian issuers is running behind forecasts, with US$82 billion raised YTD (10% below the same period last year), based on our estimate, driven by higher USD borrowing costs, rate volatility, and cheape ...

China Materials | Asia Pacific May IP Data: Aluminum Production Maintained an Upward Trajectory YoY production declined for crude steel, cement, coal and glass, but grew for aluminum. June 16, 2026 06:39 AM GMT Property – New starts down 24.7% YoY in May (vs. -27.1% YoY in April). GFA sold fell 14.1% YoY (vs. -10.3% YoY in April) and property completions were down 19.6% YoY (vs. -19% YoY in April), all based on restated data for 2025. Our China property team expects a weaker 3Q. Secondary real-time home sal ...

Vi e w p o i n t | 16 Jun 2026 02:34:05 ET │ 15 pages China Property May NBS: Weak National Data But See Partial Recovery in Key Cities CITI'S TAKE May NBS: accelerating completion & REI retreat; starts drip ongoing — May-alone: [1] Starts -25%yoy (Apr: -27%) to 40msm GFA, around May'03 level. [2] Completion -20% (Apr: -19%) to 22msm GFA, ~May'06 level. [3] REI -25% (Apr: -20%), ~May'12 level. [4] Primary/secondary prices mom up in T1 cities (+0.2%/+0.4%mom), stable in T2 cities (-0.1%/-0.2%), at widened dr ...

证券研究报告 | 固定收益 gszqdatemark 2026 06 16 年 月 日 固定收益专题 找到适合你的——固收+基金风格分层拆解 在利率中枢持续下移、纯债收益空间不断压缩的市场环境下，兼具债券票 息安全垫与权益收益弹性的" 固收+"基金，已成为资产配置的核心品类。 当前市场固收+产品策略分化显著，传统股票仓位维度无法精准衡量产品 真实风险敞口，基于可转债折算有效权益仓位的视角重构产品风格体系， 对研判产品收益风险特征具备重要研究价值。 本次研究选取公募开放式固收+系列基金为样本，覆盖一级债基、二级债 基、偏债混合基金等主流品类，设定固收资产占比不低于 70%的核心标 准，剔除新成立、小规模、风格漂移及存在清盘风险的产品，最终纳入 2105 只合规基金样本。结合可转债折算后有效权益仓位与年化波动率，将样本 划分为三类风格：低波稳健型（有效权益仓位 0%-10%、波动率 0%-4%）、 中波均衡型（有效权益仓位 10%-20%、波动率 4%-8%）、高波进取型 （有效权益仓位 20%-30%、波动率 8%-12%）。样本呈现低波占优、高 波稀缺特征，其中低波产品 1053 只、中波 162 只、高波仅 ...

J P M O R G A N Europe Equity Research 16 June 2026 JPM | Building Broadcast: SIKA, ADP, FHZN, AENA, FRA, DG JPMC Construction Daily Building Materials Infrastructure European Building & Construction and Infrastructure Elodie Rall AC (44-20) 7134-5911 elodie.rall@jpmorgan.com J.P. Morgan Securities plc Zaim Beekawa (44-20) 7134-4175 zaim.beekawa@jpmorgan.com J.P. Morgan Securities plc Jamie Smallbone (44-20) 3493-7015 jamie.smallbone@jpmorgan.com J.P. Morgan Securities plc Manshi Sinha (91-22) 6157 5111 man ...