Our Scans · (FS.1.00) Investment Banking · Weekly Summary

• [New] Flagship investments include Vulcan's lithium extraction project in Germany, supported by a €250 million European Investment Bank commitment, and Greenland Resources' molybdenum project, which could supply up to 25% of EU demand. New Energy Industrial Strategy (NEIS) Newsletter
• [New] The Bank of Japan was forced to begin raising interest rates somewhat sooner than they had anticipated, potentially disrupting carry trades which are integral to some international investment strategies. Northern Trust
• [New] Goldman Sachs' earlier research, echoed in X conversations, projects the humanoid sector reaching $154 billion by 2035, driven by leaders in AI and components manufacturing. WebProNews
• [New] Nomura estimates worldwide PC sales to drop by 2.8%, while smartphone sales will shrink by 1.7% in 2026. ST
• [New] By the end of 2035, Morgan Stanley expects Tesla to have 1 mn robotaxis on the road across multiple cities. Yahoo Finance UK
• [New] Investing.com - Morgan Stanley sees U.S. defence stocks as attractive going into 2026, arguing that valuations fail to reflect continued growth in the U.S. defence budget despite political uncertainty. Yahoo Finance
• [New] Investment Firms: Major banks like Goldman Sachs have revised gold price targets upward, with forecasts of $4,900 per ounce by the end of 2026. The Chronicle-Journal
• [New] As a Goldman Sachs report from earlier in 2025 pointed out, AI-driven energy demand could rise 165% by 2030. Technocracy News
• [New] BNP Paribas continues to believe that the EURUSD pair will continue its upward trend due to the narrowing economic growth differential between the US and the eurozone. LiteFinance
• Goldman Sachs Research, in a report projecting 85-90 gigawatts of new nuclear capacity needed by 2030, emphasizes that while nuclear will not cover all demands, it will play a pivotal role alongside gas and batteries. WebProNews
• UBS upgraded shares of ALB to Buy as sees higher energy storage demand and years of slower western capacity additions pushing the lithium markets into deficit in 2026. Investrade - Discount Securities
• The S&P 500, despite potential short-term bumps, is still viewed optimistically by Morgan Stanley for 2026, driven by strong earnings and AI adoption. The Chronicle-Journal
• Financial institutions, particularly large commercial banks like JPMorgan Chase and Bank of America, could experience pressure on their net interest margins as interest rates decline. FinancialContent

Last updated: 25 December 2025