Chart Pack - August 2026: STRAT to the point | Europe

Research evidence excerpt

Chart Pack - August 2026: STRAT to the point | Europe

Idea

August 3, 2026 11:01 PM GMT

RMB Morgan Stanley Proprietary Limited+MSTRAT to the point | Europe Christopher Nicholson

Equity Strategist and Analyst

Chart Pack - August 2026 Christopher.Nicholson@rmbmorganstanley.comAndrea Masia +27 11 587-0816

Economist

Andrea.Masia@rmbmorganstanley.com +27 11 587-0820

Our monthly strategy chart pack summarises key equity

Key recent research

performance, technical, earnings and valuation indicators for

US Equity Strategy: Weekly Warm-up: From

South Africa. Early Cycle to Mid Cycle (3 Aug 2026)

Mid-year lull. The JSE All Share (+1.1%) / MSCI SA (-0.3%) tread water during July Asia EM Equity Strategy: Upgrade Korea and

( Exhibit 8 ) - having lagged both EM and global peers YTD ( Exhibit 5 ). Both indices Thailand to overweight; fund with Australia

currently sit at the 50 day moving average (and 3/5% below the 200 day moving underweight (2 Aug 2026)

average respectively) ( Exhibit 12 ) . The oil/ refined product outlook and knock on Cross-Asset Brief: What Is the Path Forward for

impact on inflation/ interest rate expectations continues to be the key market the Fed? Key Debates in Under 5 Minutes – July

catalyst in our view. From an individual sector perspective, the bottoming in paper & 2026 (31 Jul 2026)

packaging (sector +31% over July) and underperformance of food producers (sector - European Equity Strategy: Earnings Season

7% over July) stand out ( Exhibit 3 ). Monitor - A Standout Season (31 Jul 2026)

European Equity Strategy: Back to the

Earnings - no inflection yet. While consensus still expects positive year-on-year

Momentum? (31 Jul 2026)

earnings growth for South Africa (37/7/2% y/y – MSCI SA and 49/11/3% y/y – JSE All

Podcast | Thoughts on the Market: The Oil