J.P. Morgan
June 1, 2026
Today's Morning Meeting Europe
Daily UpdateEquitiesMacro Economic IndicatorsIndustrialsConsumer Staples
J.P. Morgan's daily update highlights a positive outlook for global equities in 2H 2026 and explores potential M&A activity for easyJet following interest from Castlelake.
Key Takeaways
- 1.Equity risk-reward remains positive for 2H 2026 with a recommendation to remain Overweight on Emerging Markets and attractive on Mag-7 stocks.
- 2.US private investment firm Castlelake is considering a potential offer for easyJet, potentially putting the airline 'in play' for strategic or financial parties.
- 3.Asda's Q1 results show continued LFL sales declines and profit deterioration, providing a constructive read-across for competitors Tesco and Sainsbury.
Table of Contents
- Today's Morning Meeting
- Also Published Today
- Sector Research
- Strategy, Macro, Economics & Sustainable Investing Research
- In Case You Missed It... Trending in the Last Month
- Key Changes
- JPM Events
- Upcoming Earnings
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Authors
Mislav MatejkaHarry J Gowers
Securities
EZJTSCO.LTurkish Airlines
Themes
Strategic M&A and ConsolidationAI-Driven Earnings GrowthGeopolitical Headline Risk
Regions
EuropeAsia PacificUnited KingdomTurkeyChina