Report
Research Department
EUR 100.00 For Business Accounts Only

IBERIAN DAILY 08 JUNE (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, GRIFOLS, INDRA, MELIÁ HOTELS, SACYR.

MARKETS YESTERDAY AND TODAY

Rises despite the US
The European stock markets ended in the black on Monday, despite a hesitating start and the US market’s bearish slant at the opening bell. Thus, within the Euro STOXX, all sectors ended in the black, except for Basic Resources and Chemicals, with Retail and Household Goods standing out. On the macro side, in the Euro zone, the Sentix Investor index increased above expectations in June, as did April’s industrial production in Spain. Separately, the EU warned the UK that it will retaliate if the protocol with Northern Ireland is not followed. In Japan, the final 1Q’21 GDP was raised more than expected to -1.0% QoQ (-1.3% previously).
What we expect for today
European stock markets would open flat with a slight bullish slant, with tech companies performing the best, imitating the performance of US futures. Currently, S&P futures are up +0.05% (the S&P 500 ended +0.2% higher vs. its price at the closing bell in Europe). Volatility in the US decreased (VIX 16.42). Asian markets are sliding (China’s CSI -1.03% and Japan’s Nikkei -0.15%).
Today, in the Euro zone, we will learn the final 1Q’21 GDP data, in Germany June’s ZEW index and April’s industrial production, and in the US, April’s trade balance. In debt auctions: Spain (€ 6.5 Bn in 6M and 12M T-bills) and Germany (€ 4 Bn in bonds due 2028).
Underlyings
Aena SME SA

Aena SME SA, formerly Aena SA, is a Spain-based company primarily engaged in the airports operation. Its activities are divided into four segments: Airports, which comprises Aeronautical subdivision, responsible for the management of airports, jetways, security, handling, cargo and fuel services, among others, as well as Commercial subdivision, including duty-free and specialty stores, restaurant services, car rental, as well as banking services and advertising; Services outside the terminal, which manages real estate assets, such as parking lots, warehouses and lands; International, which comprises operations of Company's subsidiary, Aena Desarrollo Internacional SA, that invests in other airport owners principally in Mexico, Colombia and the United Kingdom; and Others, encompassing corporate activities. It manages tourism, hub and regional airports, as well as heliports and general aviation areas. Furthermore, its destination range comprises Europe, the Americas, Asia and Africa.

Indra Sistemas S.A. Class A

Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.

Melia Hotels International S.A.

Melia Hotels International is the parent company of a group engaged in the acquisition, management and operation of hotels. Co. operates its hotel network in Germany, Argentina, Brazil, Bulgaria, Cabo Verde, Chile, China, Costa Rica, Croatia, Cuba, Egypt, Spain, United States, France, Greece, Netherlands, Indonesia, Italy, Luxembourg, Malaysia, Mexico, Panama, Peru, Portugal, Puerto Rico, United Kingdom, Dominican Republic, Singapore, Switzerland, Tunisia, Uruguay, Venezuela and Vietnam under the followings brandnames: Paradisus Resorts®, Melia Hotels & Resorts®, TRYP Hoteles® and Sol Hotels & Resorts®.

Sacyr S.A.

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.

Provider
Sabadell
Sabadell

Analysts
Research Department

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