REAL-TIME GLOBAL RESEARCH
Global Non Research Other
Research evidence excerpt
Global Non Research Other
Kate Finlayson AC Global Non Research Other
23 July 2026 J P M O R G A N
kate.finlayson@jpmorgan.com
FOR INSTITUTIONAL & PROFESSIONAL CLIENTS ONLY – This message has been prepared by J.P. Morgan Sales and Trading
personnel and is not the product of J.P. Morgan’s Research Department. It is not a research report and is not intended as such. It is a
“solicitation” only as that term is used within CFTC Rule 1.71 and 23.605. Where this message is an “investment recommendation” as that term
is defined in MAR visit: www.jpmm.com/#mardisclosures. This message is subject to terms at: www.jpmorgan.com/salesandtradingdisclaimer.
Country Specific Disclosures
Australia: Australian clients: Please note that any services or transactions in respect of products or instruments discussed herein will be
provided by, and entered into solely with, the entity with whom you have contracted.
Japan: If this material includes credit ratings, such credit ratings provided by Japan Credit Rating Agency, Ltd. (JCR) and Rating and
Investment Information, Inc. (R&I), are credit ratings provided by Registered Credit Rating Agencies (credit rating agencies registered under the
Financial Instruments and Exchange Act of Japan (FIEA)). With respect to credit ratings that are provided by credit rating agencies other than
JCR and R&I and have no stipulation that such credit ratings are provided by Registered Credit Rating Agencies, this means that such credit
ratings are Non Registered Ratings (credit ratings provided by credit rating agencies not registered under the FIEA). Among the Non Registered
Ratings, with respect to those credit ratings provided by S&P Global Ratings (S&P), Moody’s Ratings (Moody’s), or Fitch Ratings (Fitch), prior
The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.
Open report viewer