Source: CISA, Mysteel, Morgan Stanley Research Exhibit 58: Weekly Cement Shipments in Central China -60% -30% 0% 30% 60% - 100 200 300 400 500 20022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024 Source: SMM, Morgan Stanley Research China Materials: Feb-24 Lab-grown Diamond Trade Data (18 Mar 2024) Greater China Materials: China Gold - Adding Alpha to Beta (11 Dec 2024) Zijin Mining Group: Asia Pacific Summit 2024 Feedback (21 Nov 2024) Huaxin Cement Co: Milestone Acq ...

-30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 4Q12 4Q15 4Q18 4Q21 4Q24 Net Tightening vs. Easing Lending Standards - Auto Tightening Easing M O R G A N S T A N L E Y R E S E A R C H | --- | --- | --- | --- | --- | |----------|-------------|-------|--------------------|-------------------------| | | | | | | | Mortgage | Credit Card | Auto | Economic Activity | Sentiment / Conditions | Source: Dealertrack, Morgan Stanley Research. Consumer Credit Activity Tracker Source: Manheim, Morgan Stanley Research. Morgan S ...

Morgan Stanley Research 9 Keymed Biosciences Inc. (2162.HK) O (08/10/2021) HK$31.85 M Update | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | Everest Medicines Ltd (1952.HK) E (03/15/2024) HK$46.80 \nHUTCHMED (China) Ltd (0013.HK) E (04 ...

Premier Li Qiang stresses the importance of technology innovation and pledges more access and services to foreign enterprises; The draft law on private sector promotion has submitted to top legislature for preliminary review; Alibaba officially started its operations in Morocco... See our latest research on Barclays Live. Government/Industry News • Premier Li Qiang stresses the importance of technology innovation and pledges more access and services to foreign enterprises: According to gov.cn, Premier Li Qi ...

22 December 2024 | 6:15PM EST Natural Gas: Q&A on US-Europe LNG Trade n The data show that the US is already the largest single supplier of LNG to Europe, as well as the leading source of LNG supply growth to the region, based on publicly available contracts. n The potential for Russian LNG imports into the EU to be fully replaced with US LNG, as suggested by EU Commission officials, while physically possible, would likely increase market freight costs and potentially lead to higher European prices to motiv ...

Our answer: Yes. 8. Will the Fed cut at least four times? 1. Will GDP grow faster than consensus and the FOMC expect? Our answer: Yes. Verdict: Correct. Our strong growth forecast was our core out-of-consensus view for 2024. At the end of 2023, the Bloomberg consensus forecast for 2024 Q4/Q4 GDP growth was just 0.9% and the FOMC's forecast was just 1.4%, likely because many forecasters still expected pain from the lagged impact of past rate hikes. We forecasted 2% growth because our analysis suggested that ...

Flash | 22 Dec 2024 20:51:23 ET │ 11 pages Nov-24 Exports: Jiangsu +40% Y/Y; Sichuan +182% Y/Y CITI'S TAKE Jiangsu optical transceiver export value in Nov-24 maintained steady momentum, recording +40% YoY or -2% MoM at Rmb1.8bn, per Customs data. Sichuan transceiver export value in Nov-24 rose +182% YoY or +33% MoM to Rmb1.1bn, a historical high, boding well for a strong 4Q24 for Eoptolink. We believe Sichuan's strong export value indicates robust 4Q24 demand, though somehow in-price, while the MoM decline ...

US Machinery • DE. In both FY23 and FY24, less than 5% of U.S. sales were manufactured in Mexico. DE relies heavily on its skilled U.S. workforce to design and build advanced equipment, with more than 75% of its products sold in the U.S. being assembled domestically. The Agriculture and Turf division is a net exporter, which positions the company well to handle potential changes in trade policies. • CNH. It manufactures large equipment in the U.S., with planters made in Canada, and does not produce small an ...

Other Important Disclosures INDUSTRY COVERAGE: China Healthcare Everest Medicines Ltd (1952.HK) E (03/15/2024) HK$46.50 Livzon Pharma (000513.SZ) U (10/19/2018) Rmb37.78 | --- | --- | --- | |------------------------------------------------------------------------------|-------|-------| | Livzon Pharma (1513.HK) U (12/16/2021) HK$26.75 | | | | Luye Pharma Group (2186.HK) U (07/26/2021) HK$2.14 | | | | Ocumension Therapeutics (1477.HK) E (03/15/2024) HK$4.47 | | | | RemeGen Co., Ltd. (9995.HK) E (05/08/2024) ...

Source: Wind Secondary sales 7-day moving average - Shanghai - 200 400 600 800 1,000 1,200 1-Jan 1-Feb 1-Mar 1-Apr 1-May 1-Jun 1-Jul 1-Aug 1-Sep 1-Oct 1-Nov 1-Dec 2023 2024 6 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 0 20 40 60 80 100 120 140 Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Aug-24Sep-24Oct-24Nov-24Dec-24 ...