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Citi

June 29, 2026

The Point for Europe

Weekly UpdateEquitiesMacro Economic IndicatorsCommoditiesUtilitiesIndustrials

This report provides a weekly update on European market developments, highlighting significant corporate restructuring, economic inflation trends, and strategy shifts.

Key Takeaways

  • 1.Iberdrola maintains Neutral rating; high premium over peers is difficult to justify despite operational strength.
  • 2.Volkswagen undergoes significant restructuring including potential 100k job cuts and asset monetization.
  • 3.Eurozone inflation remains sticky near 3%, with a decline to 2% expected only by end-2027.

Table of Contents

  • Top Call
  • Must Read
  • Company
  • Industry
  • Strategy & Economics
  • Fixed Income & FX

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Authors

Jenny PingChris McDonagh

Securities

IberdrolaVolkswagen

Themes

AI InfrastructureEurozone InflationIndustrial Restructuring

Regions

EuropeNorth AmericaUnited StatesGermanyBrazil