J P M O R G A N Europe Equity Research 19 June 2026 Pharmaceuticals Weekly Weekly Chartbook: TRx for week ending Jun 12 Total US mkt: For week 11 of Q2'26, TRx are 1.3% YoY vs. +0.1% in Q1'26. Total mkt TRx -2.4% WoW. Richard Vosser AC (44-20) 7742-6652 richard.vosser@jpmorgan.com J.P. Morgan Securities plc Zain Ebrahim (44-20) 3493-1163 zain.ebrahim@jpmorgan.com J.P. Morgan Securities plc Sophia Graeff Buhl Nielsen (44-20) 7742-3918 sophia.graeffbuhlnielsen@jpmorgan.com J.P. Morgan Securities plc Khushi Bi ...

Vi e w p o i n t | 19 Jun 2026 09:55:12 ET │ 15 pages EU Chemicals – Weekly Price Tracker 2026: Week #25 CITI'S TAKE This weekly publication is to keep investors abreast of the latest price moves that matter for European chemical stocks. For more specific commentary and longer-term trends please refer to the last edition of our monthly Global Chemicals Cracker. Stock exposure — Stocks that have sales exposure to the price changes shown below include Arkema, BASF, DSM-Firmenich, Evonik, K+S, ICL, Lanxess, So ...

Vi e w p o i n t | 19 Jun 2026 09:58:04 ET │ 8 pages European Economics Week Ahead Week of 22 June CITI'S TAKE Data across Europe and the UK is relatively light next week with the PMIs the main point of attention. Across both regions we expect a rebound in services that should deliver a stronger reading than last month with a more positive outlook on the back of (likely) declining input prices going forward. Eurozone inflation expectations should report another small decline, although the survey did precede ...

Nick Lai AC (65) 6801-3176 Asia Pacific Equity Research 19 June 2026 China Auto Industry Policy crosswinds: EU's defense vs. China's support Head of APAC Auto Research nick.yc.lai@jpmorgan.com J.P. Morgan Securities Singapore Private Limited/ J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited Rebecca Wen (852) 2800-8505 rebecca.y.wen@jpmorgan.com J.P. Morgan Securities (Asia Pacific) Limited/ J.P. Morgan Broking (Hong Kong) Limited Jiajie Shen, CFA (86-21) 6106 6352 jiaji ...

J P M O R G A N Europe Credit Research 19 June 2026 The natural corollary of spreads at the floor is that the risks remain to the downside. In our baseline scenario, in which the US-Iran deal holds, we see investment grade continuing to trade flat through the end of the year at 90bp. However, if the deal fails and the Strait of Hormuz remains closed throughout the summer, we continue to see investment grade widening to 160bp. In general, we have maintained 'defensive carry' positioning in our trade recommen ...

June 19, 2026 02:28 PM GMT India Economics | Asia Pacific M Update MPC Minutes: Rate Action Hinges on Inflation Key Takeaways Our view: Alongside the policy rate decision the RBI and government undertook a series of measures to bolster capital flows and concomitantly provide a support to the currency. Further, since the June policy a reported resolution of the Iran conflict has meant that oil prices have declined to US$77/bbl (from around US$100/bbl), which reduces uncertainty and aids an improvement in mac ...

June 19, 2026 02:27 PM GMT Eastroc Beverages | Asia Pacific M Update Risk Reward Update What's Changed For 2Q26, we see pressures in Energy Drinks amid weaker than expected demand, while expecting sequential improvements in ex-factory shipment growth for Water Boost vs 1Q26, following the capacity adjustments. Other beverages should maintain strong growth momentum. PET cost lock-in should continue to bring tailwinds to GPM improvement to offset increased channel investment. We expect ~16% sales and earnings ...

June 19, 2026 02:27 PM GMT Eastroc Beverages | Asia Pacific M Update Risk Reward Update What's Changed | Eastroc Beverages (9980.HK) | From | To | | --- | --- | --- | | Price Target | HK$227.00 | HK$195.00 | | Bull Case | HK$276.00 | HK$238.00 | | Base Case | HK$227.00 | HK$195.00 | | Bear Case | HK$121.00 | HK$104.00 | | Updated Components | | | | EPS | | | | Investment Thesis | | | | Bull Base Bear Scenarios | | | Morgan Stanley Asia Limited+ Lillian Lou Equity Analyst Lillian.Lou@morganstanley.com +852 2 ...

June 19, 2026 02:38 PM GMT Energy | Europe Strait of Hormuz - Daily Tracker #92 With the disruption ongoing, we continue our daily tracker: maps of tanker positions, transit metrics for different vessel classes, freight rates, and a time-stamped summary of key developments and risks. Key Takeaways Exhibit 1: Three Saudi VLCCs exited the Gulf via the Strait of Hormuz yesterday. Combined the three vessels were carrying 6.5 mln bbls of crude across Arab Light, Arab Extra Light and Arab Medium grades. Source: V ...

Flash | 19 Jun 2026 10:37:14 ET │ 11 pages Latin America Financials Citi's Daily Statement – 2026.06.19 – BR: New gov proposal & Conf. Highlights; Banxico's efforts for digital payments; CIB CITI'S TAKE Daily report over key topics of LatAm financial companies under Citi's coverage. Upcoming Citi Virtual Meetings: Virtual Meeting with Gentera's CFO and IRO (June 23 at 12pm ET) Brazilian government analyzes use of severance fund as collateral (Globo, Jun 18) Citi's Take: The Brazilian government is studying ...