International
1. JPMorgan: Expects a Fed rate cut in December, reversing its forecast from a week ago.
2. Berenberg: Increased fiscal space in the UK supports a central bank rate cut.
3. Morgan Stanley: No longer bullish on the pound; the gains from the budget will fade.
4. Deutsche Bank: UK budget better than expected; public debt may decline.
5. BlackRock: UK budget will boost market confidence and alleviate political concerns.
6. Fitch: Japan's new stimulus plan may pose a risk to its rating.
7. Commonwealth Bank of Australia: The Bank of Japan may postpone a rate hike until January next year.
Domestic
1. BOC Securities: After model equalization, it recommends focusing on application areas in 2026.
2. CITIC Securities: Expects downward pressure on beef cattle supply in 2026.
3. CITIC Securities: Raises the upper limit of its lithium price forecast range to 120,000 yuan/ton.
4. Dongwu Securities: AI computing power solutions are flourishing across various sectors; we remain optimistic about the optical interconnect sector.
5. CITIC Securities: Milk prices continue to bottom out; we are focusing on deep processing and overseas expansion to boost demand.
