INFORME DIARIO 10 JULIO (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, GRUPO CATALANA OCCIDENTE, IBERDROLA, SACYR. EUROPA: KERING.El temor a un mayor tensionamiento monetario castiga las bolsas
El temor a un mayor tensionamiento en la política monetaria tras las actas de la Fed y la fortaleza de los datos macro americanos, llevaron a que las bolsas incrementaran la volatilidad, terminando la semana con recortes generalizados. Así, el Euro STOXX 50 concluyó la semana con caídas superiores al -3,5%, al igual que el Dax y que el Ibex 35. Los mejores sectores del Euro STOXX fueron Inmobiliario y Alimentación (aunque con caídas) mientras que Viajes y Ocio y Bienes de Consumo terminaron con el peor comportamiento relativo (c. 5,0% en la semana). En la esfera macroeconómica, en Alemania la producción industrial se contrajo de forma inesperada un -0,2%. En EE.UU. la creación de empleo no agrícola decepcionó teniendo en cuenta el dato de empleo privado en la sesión anterior (208.000 frente a 225.000 esperadas y 306.000 anteriores) pero la tasa de paro cedió una décima como se esperaba hasta el 3,6% y las ganancias salariales repuntaron más de lo previsto. En China la inflación moderó su ritmo de avance anual más de lo previsto mientras que los precios de producción acentuaron su contracción más de lo esperado.
Qué esperamos para hoy
Las bolsas europeas abrirían con caídas cercanas al -0,5% con peor comportamiento del growth pero que iría mejorando a lo largo de la sesión. En estos momentos, los futuros del S&P cotizan con caídas del -0,18% (el S&P 500 terminó el viernes con caídas del -0,44% con respecto al nivel al que estaba al cierre de las bolsas europeas). La volatilidad en EE.UU. bajó (VIX 14,83). Los mercados asiáticos cotizan mixtos (CSI 300 chino +0,46%, Nikkei de Japón -0,13%).
Hoy en la Eurozona tendremos la confianza del inversor SENTIX de julio. En EE.UU. los inventarios mayoristas final de mayo. En subastas: Alemania (5.000 M euros en letras a 6 meses).
ACS Actividades de Construccion y Servicios is a holding company. Through its subsidiaries, Co.'s activities are divided into the following areas: Construction, engaged in the construction of civil works, and residential and non-residential building construction; industrial services, engaged in the development of applied engineering services, installations and the maintenance of industrial infrastructures in the energy, communications and control systems sectors; services, groups together environmental services, the outsourcing of building maintenance services, logistics and transport services; and concessions, mainly engaged in transport infrastructure concessions.
Grupo Catalana Occidente is an insurance group based in Spain. Co. is engaged in insurance and reinsurance activities, including commercial, life, disability, and automobile insurance. Co. is also engaged in the sale of annuities and pension funds. Co.'s operations are organized along two businesses: Traditional business (insurance) and Credit Insurance business. Co.'s main markets are located in Spain, Germany, United Kingdom, France and the Netherlands. Co. maintains a presence in more than 40 countries.
Iberdrola is a holding company. Through its subsidiaries, Co. operates in four segments: network business, which includes all the energy transmission and distribution activities, and other regulated activity originated in Spain, the U.K., the U.S. and Brazil; deregulated business, which includes electricity generation and sales businesses as well as gas trading and storage businesses carried on by Co. in Spain, Portugal, the U.K. and North America; renewable business, with activities related to renewable energies in Spain, the U.K., the U.S. and the rest of the world; and other businesses, including the engineering and construction businesses and the non-power businesses.
Kering is engaged in the retail industry, particularly luxury fashion brands. Co.'s operations can be divided into two segments: Luxury and Sport & Lifestyle divisions. The Luxury division includes brands such as Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen, Girard-Perregaux & JeanRichard, & Stella McCartney. In addition, Co. offers Leather Goods, Shoes, Ready-to-wear, Watches, and Jewelry & Other products. The Sport & Lifestyle division designs & develops footwear, apparel & accessories and includes brands like Puma, Volcom and Electric among others.
Sacyr is the parent company of a group engaged in the acquisition, development and construction of urban properties for their subsequent rental or resale. Co. primarily leases and sells office buildings and complexes, housing units, and shopping centers. Co. is also engaged in the operation of urban car parking facilities. Co. offers services related to the real estate industry such as technical assistance in energy savings, inventory management, architectural design, telecommunications management, property maintenance, as well as gardening and landscaping. Co. also provides consulting services in the real estate fund management sector.
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