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June 8, 2026

The Point For Europe

Weekly UpdateEquitiesMacro Economic IndicatorsRates CreditHealth CareFinancials

This report provides weekly updates on European and global markets, focusing on sector-specific dynamics including MedTech, telecommunications, and industrial performance. It highlights key macro indicators and upcoming economic policy changes, such as potential US Section 232 tariffs.

Key Takeaways

  • 1.Section 232 medical device probes may lead to 25-100% tariffs by August, potentially impacting EU MedTech sector.
  • 2.Global manufacturing PMI hit 52.6 in May, supported by AI demand and frontloading of inputs due to Middle East conflict.
  • 3.Eurozone growth for 1Q26 was revised down to -0.2%, but underlying data suggests recovery potential, avoiding a full recession.

Table of Contents

  • Top Call
  • Must Read
  • Industry
  • Strategy & Economics
  • Fixed Income & FX
  • Key Rating and Target Price Changes
  • Appendix A-1

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Authors

Conor DwyerCharles J ArmitageVeronika DubajovaCarl Murdock-Smith

Securities

SAF.PAAIR.PAPRX.AS

Themes

Tariff/Trade Policy RiskAI Demand ImpactEnergy Transition MetalsResilient Consumer Spending

Regions

EuropeAsia PacificMiddle EastUnited StatesSpainChina