IBERIAN DAILY 22 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: AMPER, CAF, FCC, REPSOL.The Ibex is still unstoppable
European stock markets ended the week in positive numbers, underpinned by the improved economic sentiment and stability on the markets. The IBEX stood out as the best-performing index, rising +2.0% and above 17,200. In the STOXX 600, all the sectors except Technology, Autos and Energy ended the week with gains, led by Banks and Basic Materials. On the macro side, in the euro zone December’s consumer confidence fell unexpectedly. In the US, the final U. Michigan consumer confidence was lowered, second-hand home sales sped up less than expected, although reaching its highest level from the past nine months. In geopolitics, Putin stated that the changes made by Europe and Ukraine in the US proposals to end the war do not improve the outlook of peace.
What we expect for today
European stock markets would open mixed, despite the strong performance of Asian markets and the good end to the session in the US on Friday. Currently, S&P futures are up +0.2% (the S&P 500 ended +0.15% higher vs. the European closing bell). Asian markets are climbing (China’s CSI 300 +0.92%, Japan’s Nikkei +1.8% and Korea’s Kospi +2.1%).
Today in the UK we will learn the final 3Q’25 GDP and in Mexico October’s IGAE economic activity index.
Amper is the parent company of a group engaged in the telecommunications industry. Co. and its subsidiaries are engaged in the research, development, manufacture, sale, repair and maintenance of electronic systems and telecommunication equipment. Co.'s range of expertise includes network management systems, local loop technology, switching center modernization systems, data communications systems, combat radio sets, parking meter engineering, installation and maintenance services, vehicle localization and navigation systems, and energy systems. Products include private and public telephones, digital commutation systems, and cellular phone equipment.
Fomento de Construcciones y Contratas is the parent company of a group engaged in sanitation services, cleaning, maintaining, purification and distribution of water, construction of highways, hydraulic works, marine works, air and rail transport infrastructure, urban developments, housing, non-residential buildings, office buildings, toll highways, parking garages, marinas and water treatment plants. Co. is also engaged in the manufacture and sale of cement and cement infrastructures, such as precast concrete elements; and in the financial markets, and real estate development, leasing and tourism.
Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
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