IBERIAN DAILY 11 JULY (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: TALGO.
Ibex rally comes to an end
It was a mixed session for European stock markets where the tariff tension continued following the copper tax and the threats of a 50% tariff to Brazil. In the STOXX 600, Basic Resources (after leading drops yesterday) and Autos were the best-performing sectors vs. defensives industries such as Telecoms and Utilities. On the macro side, in the US, weekly jobless claims dropped, as opposed to expectations. D. Trump requested the Fed a new rate cut once more, stressing that technology groups are at record highs and inflation under control. In Braz...