J.P. Morgan Market Watch

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J.P. Morgan Market Watch

Dubravko Lakos-Bujas (1-212) 622-3601 Nikolaos Panigirtzoglou (44-20) 7134-7815 Global Markets Strategy J P M O R G A N

dubravko.lakos-bujas@jpmorgan.com nikolaos.panigirtzoglou@jpmorgan.com J.P. Morgan Market Watch

J.P. Morgan Securities LLC 17 July 2026

Fabio Bassi (44-20) 7134-1989 Mika Inkinen (44-20) 7742 6565

fabio.bassi@jpmorgan.com mika.j.inkinen@jpmorgan.com

Commentary page of http://www.jpmorganmarkets.com where you can also search by analyst name, sector or financial instrument.

Analysts' Compensation:The research analysts responsible for the preparation of this report receive compensation based upon various factors,

including the quality and accuracy of research, client feedback, competitive factors, and overall firm revenues.

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affiliates of J.P. Morgan Securities LLC, may not be registered as research analysts under FINRA rules, may not be associated persons of J.P.

Morgan Securities LLC, and may not be subject to FINRA Rule 2241 or 2242 restrictions on communications with covered companies, public

appearances, and trading securities held by a research analyst account.

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