RBC Capital Markets Research Hub

RBC Capital Markets maintains a diverse research focus across European and global markets, recently highlighting tactical opportunities in SMID caps and specific industrials such as Chemring Group and Diploma PLC. Sector-specific insights emphasize a recovery in energy prices and the critical role of natural gas in supporting AI infrastructure, alongside supply-driven price surges in copper reaching $6.40/lb. Analyst coverage remains active on major corporates, including positive outlooks for Experian and Paragon Banking, while monitoring strategic shifts at automotive leaders like Mercedes-Benz and Stellantis. On the macro front, RBC has adjusted its interest rate forecasts for Australia, delaying an expected 25bp hike to August following headline inflation data of 4.2% y/y. The institution also warns of potential volatility in the S&P 500, projecting a possible 5-10% pullback driven by rising yields, while noting outperformance in the insurance composite sub-sector relative to reinsurers. Finally, fixed income research provides granular analysis on UK sovereign bond re-openings and the correlation between Brent crude prices and UK yields amid ongoing geopolitical developments.