EUR 100.00 For Business Accounts Only

IBERIAN DAILY 11 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AEDAS HOMES, IBERDROLA.


Trump not ruling out a recession in the US
The week kicked off in Europe with losses of close to -1.2%, hit by the threat of a recession in the US and with the Nasdaq technology index falling by as much as -4.0%. In the STOXX 600, Autos and Utilities led the gains, with Technology (biggest rout in the past five months) and Banks falling the most. On the macro side, in Europe March’s Sentix index recovered more than expected, although still in negative territory. In Germany, January’s exports fell sharply against expectations, whereas January’s industrial output rose more than expected. On another note, the green party was confident in reaching an agreement to modify the debt ceiling this week and thus allow the Government’s investment plan to move forward. Among other thing, it proposes the inclusion of investments for energy transition in the infrastructure plan. In Japan, the 4Q’24 GDP was cut slightly due to private consumption whereas January’s household spending rose less than expected.
What we expect for today
European stock markets would open with gains of around +0.5% in a cautious session where defensive stocks will continue to perform well. Currently, S&P futures are up +0.2% (the S&P 500 ended -0.4% lower vs. the European closing bell). Asian markets are falling (China’s CSI 300 -0.3% and Japan’s Nikkei -0.8%).
Today in the US we will learn NFIB SME confidence and JOLTS job openings.