GS EUROPEAN EXPRESS: DSV | RWE | UK homebuilders | BYG | CTP | Macro | Global | Corporate Access

研报英文原文证据摘录

GS EUROPEAN EXPRESS: DSV | RWE | UK homebuilders | BYG | CTP | Macro | Global | Corporate Access

Goldman Sachs GS EUROPEAN EXPRESS

European A&D Radar: Weekly sector news, positioning data and research insights

Consumer

Interparfums (IPAR/IPAR.PA): Near-term Middle East drag, blockbuster launch upside

ahead; Buy

Financials

CTP N.V. (CTPNV.AS): Resilient leasing makes underperformance unwarranted; reiterate

Buy (on CL)

Healthcare

Fresenius Medical Care (FMEG.DE): Expect Q2 26 to demonstrate another solid quarter

of EBIT growth but US SMTG to remain subdued; Neutral

BioArctic (BIOAb.ST): LLY collaboration provides further BrainTransporter platform

optionality

Sanofi (SASY.PA): R&D Leadership transition

TMT

Capgemini (CAPP.PA): 2Q/1H26 preview: See similar macro as 1Q, focus to be on organic

growth trajectory and margin dynamics; Buy

Dassault Systemes (DAST.PA): 2Q26 preview: Remain prudent around near-term growth

trajectory; Neutral

Podcasts

Research Unplugged: Navigating the Capex Boom: From Macro to Micro in Europe

Inside the Model: Focus on Airlines

Macro / markets

European Daily: UK—Q&A on the Macro Policy and Markets Outlook Following

Prime Minister Starmer’s Resignation – James Moberly looks at key Q&A following PM

Starmer’s resignation yesterday (22 June). On what happens next: See Exhibit 1 for key

dates including the leadership nominations which will be opened 9 July. On potential

implications for government spending: A Burnham government would likely emphasise

public investment (including transport infrastructure and social housing) and social care

spending. These priorities would add to already significant spending pressures from

defence, health and constrained departmental budgets. On financing higher spend: