Research Vault — Institutional Desk Research

The desk research, the way the analysts wrote it. 分析师原文研报，原汁原味呈现。

Showing the latest saved institutional reports.Refreshing the latest institutional reports. New buy-side and sell-side desk reports land here hourly — read the ones that touch what you hold. 正在显示最近保存的机构研报。正在刷新最新机构研报。买方与卖方研究每小时更新至此 —— 挑与你持仓相关的读。

The research the desks write for their clients — now on yours. 机构写给客户的研报 —— 现在也在你手中。

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New this week本周新增

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Desks publishing在发机构

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Most-covered theme覆盖最多主题

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In the vault库内总量

GSGoldman SachsSELL

AEJ Week Ahead China inflation and credit data, India inflation, and Singapore and Malaysia GDP

**China Inflation & Credit Outlook**: CPI at 0.9% yoy (above consensus), PPI at 4.0% yoy (above consensus), RMB loans down RMB100bn signaling credit slowdown and decelerating industrial activity.
**India Inflation & RBI Policy**: Core inflation at 4.3% yoy (energy/gold/silver driven), RBI held rates at 5.25% with dovish stance and delayed 2026 hike call (50bp pushback).
**ASEAN GDP Revisions**: Singapore Q2 GDP revised up to 5.9% YoY (industrial/construction strength), Malaysia Q2 GDP at 5.9% YoY (agricultural weakness), both with upward/downward full-year forecasts.
**Hong Kong GDP Forecast Revised Down**: Q2 2026 growth at +4.3% (below consensus), full-year cut to 4.4% (from 4.6%) due to inventory slowdown and consumption moderation.

Aug 7, 2026 · 10:50 UTC

JPJ.P. MorganSELL

JPM International Market Intelligence Morning Briefing Aug 7

**US-Japan EPS Divergence**: US companies beat EPS 88% (vs Japan 71%), but Japan’s EPS growth (64%) exceeds US (25%), signaling structural shift—US focus on beat frequency, Japan on growth magnitude.
**Big Tech Debt Vulnerability**: Amazon/Alphabet dominate $350B+ multi-currency borrowing (2025+), exposing FX risk and capital allocation strain amid Yen weakness.
**Hormuz Supply Shock**: 12.6 mbd supply loss (Mar-Jul) vs 5.2 mbd demand loss, with 644M bbl inventory draws, driving immediate energy tightness and price pressure.
**Geopolitical Inflation Floor**: Conflict (energy/supply shocks), rearmament (fiscal demand), and fragmentation (trade frictions) collectively create persistent inflation floor.

Aug 7, 2026 · 10:31 UTC

GSGoldman SachsSELL

Global Markets Comment A Few Follow Up Questions on Yen Intervention

**Dollar Reserve Appeal Unaffected**: Goldman Sachs confirms Japan's Treasury sales via FIMA reinforce dollar's reserve role, not undermine it; recent Treasury weakness stems from temporary factors (oil, FOMC), not structural dollar fragility.
**FIMA Strategic Advantage for Japan**: Japan leverages FIMA for smooth large-scale sales, capital market depth, and liquidity during stress—unique to USD reserves, contrasting with alternatives like Turkey's diversification hurdles.
**BoJ Rate Hike Tension**: Japan's FX intervention (funded by Treasury sales) may delay BoJ rate hikes (e.g., September), creating market tension between current Yen value and BoJ meeting expectations.
**FIMA's Structural Impact**: FIMA usage (e.g., Japan's $85bn 2-day sale) has modest USD funding impact ($50–100bn reserves) but underscores dollar's structural dominance over alternatives, with proposed facility upsizing to ease constraints.

Aug 7, 2026 · 02:10 UTC

934 more institutional reports还有 934 篇机构研报

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The desk research, the way the analysts wrote it. 分析师原文研报，原汁原味呈现。

Highlighted this week本周精选

AEJ Week Ahead China inflation and credit data, India inflation, and Singapore and Malaysia GDP

JPM International Market Intelligence Morning Briefing Aug 7

Global Markets Comment A Few Follow Up Questions on Yen Intervention

Pro research report

934 more institutional reports还有 934 篇机构研报