13 Jul 2026 09:49:34 ET │ 16 pages Vi e w p o i n t | Asia FX and Rates Strategy Auction Preview: China, Korea, Philippines, Thailand, Indonesia, India CITI'S TAKE Upcoming Auctions – China: CGB supply-demand dynamics remain balanced; Korea: Peak of KTB supply pressure is likely behind us; Indonesia: Supply tailwinds keep us o/w 5y IndoGBs (funded via u/w in Thai) in our EM bond portfolio; Philippines: Better demand seen in recent weeks; neutral on bonds but u/w PHP; Thailand: Further auction strength likel ...

July 13, 2026 02:08 PM GMT India Economics | Asia Pacific M Update CPI Breaches 4% Mark in June Key Takeaways Our view – watchful of upside risks: The headline CPI print for June was higher than anticipated, driven by higher food and fuel prices, with core core inflation reflecting some upside even as absolute levels remain benign. High-frequency food prices for July (MTD) suggest a mixed trend across categories, while prices remain benign at the aggregate level. While headline CPI in July may remain around ...

2026 YTD Issuance Package J P M O R G A N Global Securitized Products Research 13 July 2026 CLO Weekly aram.lavan@jpmchase.com J.P. Morgan Securities LLC {[{49wPNaZQSCAIXUg4vVwSVSBfsfdNWc6xXTj_3XwqXLeObeFbLahMTTRyEdB8MdQKUFQa_UzftT4NnD8npbpNKq3CVBWGuf9M6OzsQy6n}]} See page 5 for analyst certification and important disclosures. North America Credit Collateralized Loan Obligations Rishad Ahluwalia AC • We appreciate your support in the 2026 Extel Research Survey categories "USA: Structured Securities > Collat ...

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 ...

Flash | 13 Jul 2026 10:21:31 ET │ 10 pages Aluminum Corporation of China (2600.HK) 1H26 Preliminary NP at Rmb11.2-12.2bn, Slight Beat, Maintain Buy CITI'S TAKE Chalco announced its 1H26 preliminary net profit at Rmb11.2-12.2bn, +58-73% YoY, accounting for 51-55% of Bloomberg consensus and 55- 60% of our full-year forecast, which is a slight beat. The 1H26 preliminary recurring net profit is Rmb11.0-12.0bn, +58-73% YoY. The company attributed strong YoY growth in net profit to stable operation and cost contr ...

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 ...

Flash | Profit Alert: 1H26E Earnings up 40~60% YoY Backed by Quality Biz and Decent Inv't; 2Q26E up 59~93% YoY CITI'S TAKE New China Life (NCI) issued a profit alert, estimating 1H26E net profits to rise by 40~60% yoy to Rmb20.7bn~Rmb23.7bn (vs. 1Q26's Rmb6.5bn or +11% yoy growth), primarily thanks to high-quality life business development and decent investment return. For 2Q26E, the implied net profit would range from Rmb14.2bn to Rmb17.2bn, rising by 59~93% yoy. 1H26E earnings surged 40~60% yoy… – NCI est ...

Vi e w p o i n t | 13 Jul 2026 10:15:46 ET │ 14 pages Applovin (APP.O) AppLovin Ads Week 28: Solid US Growth, HK Losses Moderate CITI'S TAKE Through July 10th (Week 28), Store Leads suggests AppLovin has 10,471 eCommerce clients, a 2.4% increase since last week. US store count reached 4,946, a 1.3% increase since last week. While store losses in Hong Kong continue, the pace moderated this week. eCommerce Store Count — As of July 10th, Store Leads suggests AppLovin Ads has 10,471 customers, a ~2.4% increase ...

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 ...

E v e n t R e p l a y 13 Jul 2026 10:16:34 ET │ 2 pages Global Themes and Top Picks into 2Q Earnings Season Video Webcast Speakers Andrew Kaplowitz Martin Wilkie Klas Bergelind Graeme McDonald Kyle Menges John Godyn Conor Dwyer Michael Ward Harald Hendrikse Arvind Sharma Filipe Nielsen Ari Rosa Ben Mohr Kaseedit Choonnawat Anthony Pettinari Eric Lau Vivek Midha Jamie Wang View Disclosures Andrew Kaplowitz +1-212-816-0642 andrew.kaplowitz@citi.com Klas Bergelind +44-20-7986-4018 klas.bergelind@citi.com Kasee ...