海外研报

Strong FCF generation to drive c.13% SH returns in 2024E, with 10% DPS increase; Buy

BP reported broadly in-line 2Q24 results this morning (July 30), withRC operating profit at US$5,414 mn, 2% below company-compiled

Euro Area: German Headline Inflation Beats Expectations

BOTTOM LINE: German headline HICP inflation was 2.60%yoy in July, in line withour tracking forecast and above consensus expectations of 2.5%yoy, up from

G10 Consumer Dashboard: July 2024: Subdued Spending Despite Solid Fundamentals (Pierdomenico)

On the positive side, consumers continue to benefit from generally tight labormarkets in all economies. Since we last published the dashboard, the

The message of a bond market

It is almost comical. Just as Wall Street and mainstream media became convinced that Donald Trump is the next US president, Joe Biden’s withdrawal and the sudden rush to gather around Vice President Kamala Harris

EA HICP: NO GREEN LIGHT FOR SEPTEMBER CUT, BUT SERVICE INFLATION SLOWS

July flash HICP for the Euro Area (EA) gives the ECB no green light to cut in September yet, but progress onservice disinflation is encouraging. Amid adverse base effects in energy inflation and increasingly less supportive

European 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

HF Performance Resilient as Selling of Global Equities Persists

As we observed further drawdowns in equity indices, HFs were once again able to mitigate their losses to just a fraction of what indices

Hong Kong: Real GDP growth stronger than expected in Q2

Bottom line: The preliminary reading of 2024 Q2 Hong Kong GDP growth came in at+3.3% yoy, significantly above consensus expectations. In quarter-over-quarter

EURO CRISIS 2.0 – THE “CRISIS” AT THE CORE

There is talk of a new euro crisis, this time centred on core EMU countries like Germany and France. This fear is unwarranted. While low interest rates stimulated the EMU core during the

Weekly spending update through July 27

Key takeaways• Total card spending per HH was up 0.1% y/y in the week ending Jul 27, according to BAC aggregated credit & debit card data.