Report
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INFORME DIARIO 30 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, CAF, FERROVIAL, ROVI, SANTANDER, TALGO.

Cierre de semana positivo, cierre de mes muy positivo
Los mercados Europeos se fueron recuperando con el transcurso de la sesión para terminar con ganancias cercanas al +1,0%. En el Euro STOXX disparidad entre los sectores value, siendo los mejores Bancos (a pesar de las recomendaciones del BCE en contra de la distribución de los dividendos) y Tecnología, mientras que sufrieron las mayores pérdidas Seguros e Inmobiliario. Desde la macro, en la Eurozona el indicador de clima económico de octubre descendió menos de lo esperado. En España las ventas al por menor de octubre se contrajeron, pero las cifras interanuales salieron mejor de lo previsto. En Japón la producción industrial preliminar de octubre repuntó más de lo esperado. En China tanto el PMI manufacturas como el de servicios de noviembre avanzaron imprevistamente en noviembre.
Qué esperamos para hoy
Los índices europeos abrirían con caídas del orden del -1,0%. En estos momentos, los futuros del S&P cotizan caídas del -0,6% (el S&P 500 cerró el viernes sin cambios respecto al precio al que cotizaba al cierre de las bolsas en Europa). La volatilidad en EE.UU. bajó (VIX 20,84). Los mercados asiáticos cotizan con mixtos (CSI 300 +0,1%, Japón -0,8%).
Hoy en España y Alemania la inflación preliminar de noviembre. En la Eurozona reunión del Eurogrupo. En EE.UU. las ventas de viviendas pendientes de octubre. Reunión de la OPEP+ en Viena. En subastas, Alemania (2.000 M euros en letras a 12 meses) y Francia (7.000 M euros en letras a 3, 6 y 12 meses).
Underlyings
Actividades de Construccion y Servicios SA

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.

Banco Santander S.A.

Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.

Construcciones Y Auxiliar De Ferrocarriles, S.A.

Ferrovial S.A.

Ferrovial is a transportation company based in Spain. Co. is engaged in operations in the transportation sector. Co. specializes in the design, construction, management, administration and maintenance of transport infrastructures. Co.'s services range also includes the maintenance of parking lots, and land-, sea- and air-based transport networks. Co. is also engaged in the promotion and operation of short-stay parking lots, parking regulation and management services and promotion and sale of residents' parking.

Laboratorios Farmaceuticos Rovi S.A.

Laboratorios Farmaceuticos Rovi is engaged in the sale of its own pharmaceutical products and the distribution of other products for which it holds licenses granted by other laboratories for specific periods, in accordance with the terms and conditions contained in the agreements entered into with said laboratories.

Talgo SA

Talgo is engaged in designing, manufacturing, repairing and maintaining the railway rolling stock, as well as the manufacturing, assembling, repairing and maintaining the engines, machinery and parts of the railway systems. Co. has an industrial presence in seven countries: Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and U.S.A. Co. has an active fleet in Europe, Asia and North America that comprises of 94 high-speed trains and more than 1,400 Talgo tilting passenger cars. Also, Co. purchases, redesigns, constructs, leases and sells all types of real estate.

Provider
Sabadell
Sabadell

Analysts
Research Department

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