Citi maintains a Neutral outlook on European equities, citing a balance between resilient EPS growth and macroeconomic headwinds including energy prices and ECB policy. The report also highlights bank sector developments, AI trade dynamics, and specific company updates for Sanofi, ING, and others.
Key Takeaways
- 1.Maintain Neutral on European equities due to macro headwinds like energy prices and rate hikes, despite solid expected EPS growth.
- 2.Expectation for the ECB to hike rates by 25 bps this week with a likely follow-up hike in July.
- 3.Nordic banks face intensifying competition in the Swedish mortgage market and long-term pressure from neobanks.
Table of Contents
- Top Call
- Nordic Diversified Banks - Feedback From 2026 Nordic Banks Trip
- Company
- Must Read
- Industry
- Strategy & Economics
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Authors
Beata M Manthey, Ph.D.Maximilian J Layton
Securities
STOXX 600SASY.PA
Themes
AI Trade
Regions
EuropeSweden