J.P. Morgan
June 4, 2026
International Market Intelligence Morning Briefing
Daily UpdateEquitiesMacro Economic IndicatorsFXInformation TechnologyFinancials
J.P. Morgan remains bullish on global equities, specifically the US and Asia, as resilient global PMI and strong share buybacks offset concerns about equity supply and geopolitical risks.
Key Takeaways
- 1.Global markets saw negative sentiment following AVGO's earnings miss and slow progress in US-Iran negotiations.
- 2.The J.P. Morgan global composite output PMI indicates that global growth remains solid despite geopolitical tensions in the Middle East.
- 3.Equity supply for 2026 is expected to be well-managed as strong corporate share buybacks offset the increase in IPO and secondary offerings.
Table of Contents
- MKT INTEL VIEWS
- Turning to flows in International Equities
- IDEA & INSIGHTS – IN BRIEF
- IDEA & INSIGHTS – IN DETAILS
- POSITIONING INTELLIGENCE
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Authors
Andrew TylerFederico ManicardiEloise Goulder
Securities
AVGOSamsung2330.TWMXASJJPESLCRR
Themes
Higher for Longer (H4L)AI Bottlenecks and FacilitatorsMiddle East Geopolitical Conflict
Regions
North AmericaAsia PacificEuropeUnited StatesJapanSouth Korea