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INFORME DIARIO 19 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, CIE AUTOMOTIVE, IAG, NH HOTELES, REPSOL, SECTOR BANCOS. EUROPA: AB INBEV, SIEMENS.

El Ibex salva los 10.000 puntos
Tras el rally de la semana pasada en la renta variable impulsada por el tono dovish de la Fed, esta comenzó con recogida de beneficios en la mayoría de las bolsas europeas pero no así en la estadounidense. En el STOXX 600 la mayoría de los sectores terminaron con caídas, lideradas por Tecnología y Construcción (c. -2,0%) frente a Energía y R. Básicos que registraron las mayores subidas (c. +1,0%). Por el lado macro, en Alemania el índice de clima empresarial IFO bajó inesperadamente (primera caída desde agosto), tanto por el índice de condiciones actuales como por el de expectativas. En EE.UU. el índice de confianza de vivienda NAHB de diciembre repuntó más de lo esperado, impulsado por el componente de expectativas principalmente tras la bajada de 50 puntos básicos de los tipos hipotecarios en el último mes. En Japón, el BoJ mantuvo inalterada la política monetaria a la espera de ver si persiste las presiones inflacionistas por el lado de los salarios. En noticias corporativas, Nipon Steel cerró un acuerdo para comprar US Steel por 14.900 M de dólares en efectivo. Por el lado geopolítico, junto a otros aliados EE.UU. liderará un grupo de seguridad en el Mar Rojo y Golfo de Aden ante los incesantes ataques por parte de los Houthis.
Qué esperamos para hoy
Las bolsas europeas abrirían planas con cierto sesgo al alza. En estos momentos, los futuros del S&P 500 cotizan con subidas del +0,03% (el S&P 500 terminó ayer sin cambios respecto al nivel al que estaba al cierre de las bolsas europeas). La volatilidad en EE.UU. subió (VIX 12,56). Los mercados asiáticos cotizan mixtos (CSI 300 chino -0,14%, Nikkei de Japón +1,34%).
Hoy en la Eurozona inflación general y subyacente final de noviembre. En EE.UU. los permisos de construcción y las viviendas comenzadas de noviembre.
Underlyings
Acciona SA

Acciona is the parent company of a construction group. Co. is engaged in general construction activities in the areas of civil engineering and buildings, including railways, marine and hydraulic works, motorways and airports, town planning, conduits, pavements, parking lots, and industrial and urban buildings. In addition, Co. is engaged in the provision of real estate services, the operation of parking lots, telecommunications, services, ecology and alternative means of energy. Co.'s operations are organized in six business divisions: Infrastructures, Real Estate, Energy, Water, Environmental & Urban Services and Logistic & Transport Services.

Anheuser-Busch InBev N.V. ADS

CIE Automotive S.A.

CIE Automotive is the parent company of an industrial group formed by several companies that are engaged in the design, manufacture and sale of automobile component and sub-units on the world market. In addition, Co. is also engaged in the bio-fuels business which is in the initial stages of development and is made up of various companies devoted to the production and distribution of bio-fuels.

CORPORACION ACCIONA ENERGIAS RENOVABLES SA

International Consolidated Airlines Group SA

International Airlines Group is an international scheduled airline and global premium airlines. Co.'s principal place of business is London with significant presence at Heathrow, Gatwick and London City airports.

NH Hotel Group SA

NH Hotel is engaged in the operation and management of hotels throughout Spain, the Benelux countries, Germany, and South America.

Repsol SA

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.

Siemens AG

Siemens is a technology company. Co.'s Energy sector provides a range of products, solutions and services for generating and transmitting power. The Healthcare sector provides customers a range of medical solutions across the treatment chain. The Industry sector supplies products and solutions for industrial companies, primarily in the process and manufacturing industries. The Infrastructure & Cities sector provides a range of technologies that accelerates the capabilities of metropolitan centers and urban infrastructures. The Investments segment is comprised of Co.'s equity stakes in other companies. The Financial Services segment provides business-to-business financial solutions.

Provider
Sabadell
Sabadell

Analysts
Research Department

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