Citi
July 10, 2026
The Point for Europe
Daily UpdateEquitiesRates Govt BondsEnergyInformation Technology
This report provides daily market intelligence across European equities, industry sectors, and macro strategy, highlighted by robust mining equipment growth and shifting IT spending priorities.
Key Takeaways
- 1.Global mining equipment sector shows robust growth intentions for 2027/28, particularly in greenfield projects, supporting a positive outlook for companies like Weir, Epiroc, and CAT.
- 2.IT spending backdrop is improving with AI investment prioritization rising in the US and EMEA as indicated by the Citi CIO Survey.
- 3.European flights are showing upward momentum in cycle frequency alongside China's freight activity, contributing to a global positive shift.
Table of Contents
- Top Call
- Must Read
- Company
- Industry
- Strategy & Economics
- Fixed Income & FX
- Key Rating and Target Price Changes
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Authors
Klas BergelindKyle MengesGraeme McDonaldVivek Midha, CFA
Securities
Weir GroupSAPG.DE
Themes
AI Spending PrioritizationMining Equipment Capex Cycle
Regions
EuropeNorth AmericaGermanySpainChina