This report highlights upgrades for EAND, analysis on Czech bank valuations, and a shift in commodity outlook following Iran-US geopolitical developments. It also provides insights on global automation demand and regional economic updates for CEEMEA.
Key Takeaways
- 1.Emirates Telecommunications Group (e&) upgraded to Buy, citing resilience and limited M&A risk.
- 2.Global automation survey of 200 manufacturing decision-makers shows accelerating demand despite macro concerns.
- 3.Czech National Bank raises rates by 25bp to 3.75%, signalling a fine-tuning rather than a new cycle.
Table of Contents
- Top Call
- Czech Republic Diversified Banks - Maintaining Neutral ratings on Komercni and Moneta
- MENA
- Must Read
- Sector
- Global Industrials - 7th Proprietary Automation Survey Signals Encouraging Demand Outlook
- Global Luxury Goods - May Swiss watch exports flat YoY on easier US tariff comp base.
- Strategy & Economics
- Emerging Markets Strategy Weekly - One less risk factor, two more to worry about
- Fund Flow Insights - EM funds continue to see redemption as DM see large inflows
- Czech Economics - CNB delivers first rate hike in four years, signals higher-for-longer rather than a new hiking cycle
- CEEMEA Economics Week Ahead - 22 June - 26 June
- Commodities
- Global Commodities - 3Q'26 Commodity Outlook - US/Iran MoU implications: sell summer oil rallies, moderately bullish metals, buy chocolate
- Fixed Income & FX
- European Rates Weekly - Green light for carry trades?
- Global FX Flows Weekly - USD and EM flows moderate continued trends
- CEEMEA – Forthcoming Corporate Access
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Authors
Rohit ModiCarl Murdock-Smith
Securities
EAND.AD
Themes
Automation investment cycleIran-US MoU implications
Regions
EuropeMiddle EastCzech RepublicUnited Arab Emirates