IBERIAN DAILY 02 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: N/A.
September kicked off with gains and gold continues to soar
European stock markets kicked off September with gains, with the Euro STOXX50 consolidating at 5,630 points, the Ibex at 14,900 points and gold at record highs. In the STOXX 600, Industrial and Banks led the gains, whereas Utilities and Insurance recorded the biggest drops. On the macro side, in in the euro zone, August’s final manufacturing PMI improved vs. the preliminary data, confirming the return to the expansion zone at highs from the past 38 months. Spain, Italy and France fared better than expected vs. Germa...