The Point for North America

This report provides a market overview for North America, highlighting a rotation towards cyclical equities and updates on sector-specific earnings previews. It also monitors global economic risks including the aftermath of the US-Iran conflict and looming El Niño weather patterns.

Key Takeaways

• 1.US equities demonstrate a broadening rally as info tech exposure is reduced in favor of cyclical sectors for Q3.
• 2.The US-Iran interim agreement has improved the global economic outlook by easing oil price pressures.
• 3.Large-cap banks show resilience in the 2026 stress test results despite static capital buffer requirements.

Table of Contents

• Morning Call Highlights
• Company
• Industry
• Economics & Strategy
• Fixed Income & FX
• Key Rating and Target Price Changes

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial