海外研报

Argentina: Trade Surplus in June Supported by Weak Imports and a Stronger Harvest (Armella)

Bottom Line: The trade balance recorded a US$1.9bn surplus in June, up from theUS$1.8bn deficit recorded a year ago but weaker than the US$2.6bn surplus in the

Americas Morning Research Summary

This summary is compiled from research reports previously published by Barclays Equity Research. A full list of all publications is available on

Boeing Co. (BA): Monthly aircraft delivery tracker: July mid-point check-in

Our aircraft delivery tracker, based on Planespotters data, shows Boeing hasdelivered 23 aircraft in July through 7/21, including 17 737 MAX, 3 787, 1 777, and 2other.

LatAm At A Glance Summer breeze

Supportive external environmentThe global backdrop remains favorable for LatAm local markets. US inflation prints over the past two months have come in well below expectations. At the same time growth

Global Macro Watch Known Unknowns 21 – 26 July

Full focus on US 2Q GDP and PCEWe expect the advance estimate of 2Q GDP to come in at 2.3% qoq saar on the back of a strong consumer, with risks to the downside. Meanwhile, personal income and

Global Macro Watch Known Unknowns 21 – 26 July

Full focus on US 2Q GDP and PCEWe expect the advance estimate of 2Q GDP to come in at 2.3% qoq saar on the back of

High Frequency Monitor Temporary glitch

Semis weighed on equity returns last weekThe MSCI AC World Index fell -2.1% last week as the Semiconductor sector (-9.1%) weighed on returns in all regions. Despite the pullback, this global Semis sector has still

Further S&P 500 downside could trigger accelerated unwinds from CTAs

CTAs could be unwinding S&P 500 and NASDAQ-100 longsOur CTA model showed trend follower longs in the NASDAQ-100 and S&P 500 at

Key levels to watch: 4% rates & 50 on PMI

Economics: A goldilocks economyLast week, retail sales and industrial production surprised to the upside, dispelling fears

US Equity Strategy Productivity: A Key Component to Earnings Resiliency

CITI'S TAKEThere are many forces at work in the US equity markets as we head into thebulk of the Q2 earnings season. Discerning macro from micro influenceswould seem to be a defining discussion point for the summer. All told, ourusual “sanity check"