智通财经APP获悉，香港联交所最新数据显示，11月24日，摩根大通增持微创医疗(00853)8906.0433万 股，每股作价10.4413港元，总金额约为9.3亿港元。增持后最新持股数目约为2.76亿股，持股比例为 14.44%。 ...

Group 1 - Morgan Stanley reduced its stake in Sensata Technologies (00425) by 2,797,122 shares at a price of HKD 33.4474 per share, totaling approximately HKD 93.5565 million [1] - After the reduction, the latest number of shares held is approximately 69,715,700, representing a holding percentage of 5.92% [1]

That would serve as its principal UK headquarters and could contribute nearly £10 billion to the local economy over six years. Now, the bank says the new site would accommodate up to 12,000 people and become its most significant presence in the region. Let's bring in Jack Sitters, our team leader for real estate and European investment, Jack.I mean, this is a surprise announcement from J. P. Morgan.How big of a vote of confidence is it in Canary Wharf and the UK just one day after the budget. Yeah, I mean, ...

JPMorgan plans to build a new tower in Canary Wharf for its headquarters in the UK, a multibillion-pound endorsement of London's status as a global financial center a day after Rachel Reeves delivered her budget. The office building would be London's largest by far at three million square feet and could host as many as 12,000 employees, according to a statement from the investment bank Thursday. The construction is expected to take six years. Bloomberg's Jack Sidders reports. ...

Group 1 - Morgan Stanley has upgraded its rating on Chinese stocks to "overweight," indicating that the potential for significant gains next year outweighs the risks of major losses [1] - The report highlights that the Chinese stock market has retraced some of its excess gains from this year, creating an attractive entry point [1] - Multiple supportive factors for next year include the application of artificial intelligence, consumer measures, and governance reforms [1] Group 2 - The MSCI China Index has declined by 6.2% this quarter, while the broader MSCI Asia Pacific Index has increased by 1.3% [1] - Since early April, the MSCI China Index has risen approximately 33%, compared to a 37% increase in the Asian benchmark index [1] - The report suggests that the Chinese stock market is still in the early stages of recovery from a downtrend that began at the end of 2020, with acceptable valuations and light positioning [1] Group 3 - Fidelity International's global diversified asset investment head expresses optimism for the Chinese stock market, particularly in the technology sector, viewing recent market pullbacks as a good opportunity to increase exposure [2] - Morgan Stanley forecasts that the MSCI Asia (excluding Japan) Index could rise to 1025 points next year, representing a potential increase of about 15% from the recent closing price [2] - Open Source Securities notes that the recent upward trend in A-shares since late June is a normal fluctuation, and the current pullback is within a reasonable range for historical bull market adjustments [2] Group 4 - Open Source Securities anticipates a more balanced market style by 2026, with technology remaining a long-term allocation advantage while cyclical sectors will also present investment opportunities [3] - The report indicates that dividend styles are expected to perform better in 2026 compared to 2025, warranting attention [3]

据 香港交易所 披露，摩根大通对 比亚迪 股份有限公司- H股的多头持仓比例于2025年11月24日从6.12% 降至5.94%。 ...

Core Viewpoint - JPMorgan predicts a weakening of the US dollar by mid-2026 due to relaxed monetary and fiscal policies, but warns that accelerated market bets on future rate hikes could challenge this outlook [1][2] Group 1: Dollar Forecast - JPMorgan's currency strategists expect the dollar to decline by approximately 3% by mid-2026, stabilizing thereafter, particularly against high-yield currencies like the Australian dollar and Norwegian krone [1] - The bank's negative outlook on the dollar was established in March and has remained consistent since then [1] Group 2: Economic Factors - Anticipated interest rate cuts by the Federal Reserve, increased government spending, and concerns over government intervention in Fed decisions are supporting JPMorgan's views [2] - Despite recent rate cuts, US interest rates remain higher than those of many global central banks, attracting global investors to the US and limiting the appeal of diversifying investments outside the US [3] Group 3: Employment and Growth Risks - A rebound in the US job market or growth expectations could lead traders to dismiss the possibility of rate cuts next year and increase bets on potential rate hikes [3] - JPMorgan's analysts note that if US economic growth improves enough to end current easing policies, the bank would shift to a bullish outlook on the dollar [3] Group 4: Market Sentiment - The futures market indicates that the current rate cycle will bottom out by early 2027, with JPMorgan's economic team forecasting a rate hike of about 50 basis points in the first half of 2027 [3] - A significant portion of market participants, including nearly two-thirds of US Treasury secretaries and CFOs surveyed, predict that the Fed will raise rates next year [3]

Core Viewpoint - Morgan Stanley's China equity strategy team maintains a constructive outlook on the CSI 300 index, projecting a target level of 5200 points by the end of 2026 [1] Investment Themes - The four major investment themes for 2026 include the implementation of "anti-involution" policies, growth in domestic and international AI infrastructure/monetization, favorable macroeconomic conditions in developed markets benefiting overseas sales, and a K-shaped consumption recovery, along with potential new real estate policies [1] Stock Selection - The team has identified IT and healthcare A-shares that can capitalize on China's innovation opportunities, using metrics such as market capitalization, average daily trading volume, and overseas revenue [1] - A shift from value stocks to growth stocks is expected by early 2026 [1] Sector Focus - The team has selected leading A-share companies in sectors such as automotive, battery materials, lithium, photovoltaics, cement, chemicals, coal, steel, dairy, hog farming, liquor, and logistics, which are likely to benefit from the "anti-involution" trend [1] - The transition from price/scale competition to quality competition is seen as a long-term adjustment over a decade [1]

LONDON--(BUSINESS WIRE)--JPMorganChase is proud to announce its intention to build a new three-million square feet tower in London. This transformative project would enable additional capacity for the firm to grow by creating a world-class workplace for up to 12,000 employees, further strengthening London's position as a global financial hub. The plans are subject to a continuing positive business environment in the UK and the receipt of the necessary approvals and agreements at a national and. ...

Summary of J.P. Morgan's Global Economic Outlook 2026: A Conscious Recoupling Industry Overview - The report focuses on the global economic outlook, particularly the impact of trade wars, labor markets, and fiscal policies on GDP growth and inflation trends. Key Points and Arguments Global Economic Growth - Global GDP growth is projected to be resilient, with an estimated increase of 2.3% in 2025, driven by strong capital expenditure (capex) in technology sectors despite a backdrop of trade war concerns [5][7][10] - A modest growth boost is expected from technology investments, particularly in AI, although productivity gains from these investments may take time to materialize [5][14][25] Labor Market Dynamics - Weak labor demand is eroding purchasing power, especially in the U.S., where private sector labor income growth is slowing amid rising inflation [5][19] - There is a projected 35% risk of the U.S. sliding into recession next year due to elevated downside risks interacting with depressed business sentiment [5][30] - The juxtaposition of strong business spending and weak hiring is unprecedented, indicating a potential shift in labor market dynamics [11][14] Inflation Trends - Global core inflation has remained sticky at around 3% for two years, influenced by tight labor markets and elevated wage inflation [5][24] - The expected rebound in labor demand amidst weak supply is likely to sustain inflationary pressures, with U.S. core inflation forecasted to remain above 3% in the first half of 2026 [5][58] Fiscal Policy and Economic Support - Front-loaded fiscal stimulus, particularly in the U.S. and China, is expected to boost global GDP growth in the first half of 2026 [5][21] - The fiscal easing implemented this year is projected to support growth but may lead to entrenched structural deficits, particularly in the U.S. [21][24] Trade War Impacts - The trade war has created imbalances, with tariff avoidance and new technologies contributing to capex strength, but business caution remains a significant drag on hiring [5][43] - The report notes a less disruptive trade war than initially anticipated, with tariff rates settling at levels significantly higher than earlier forecasts [46][54] Consumer Behavior and Spending - Consumer spending is expected to slow, particularly in the U.S., with a projected growth rate of around 1% in the fourth quarter of 2025 [20][19] - Households are in a strong position to smooth spending despite downward pressure on real labor income, but rising job security concerns could disrupt this [19][30] Future Scenarios - The report outlines various scenarios for the future, maintaining a 35% probability of recession, particularly in the U.S., while also highlighting the risks of sticky inflation and potential political influences on monetary policy [30][32] - The outlook suggests that the global economy has reached a critical juncture, with the potential for labor demand to recouple with GDP gains if supportive conditions persist [15][25] Other Important Insights - The report emphasizes the importance of business sentiment in navigating policy shocks and the unusual decoupling of capex growth from labor market performance [10][69] - It highlights the need for careful monitoring of consumer behavior and business sentiment as indicators of future economic resilience [19][30] This comprehensive analysis provides a detailed view of the current economic landscape and potential future developments, emphasizing the interconnectedness of global markets, labor dynamics, and fiscal policies.