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INFORME DIARIO 13 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: AENA, CAIXABANK, CAMBIOS IBEX 35, MELIA, TALGO. EUROPA: ING.


Cautela en el inicio de una semana clave
Ligeras pérdidas en Europa en el inicio de una semana cargada de citas clave, como la inflación en EE.UU. de hoy o las reuniones de la Fed, BCE y BoE mañana y pasado. Así, en el Euro STOXX sólo Energía y Farma cerraron con ganancias, frente a las mayores caídas de R. Básicos y S. Financieros. Por el lado macro, en R. Unido el PIB de octubre repuntó hasta el 0,5% mientras que la producción industrial de octubre cayó menos de lo esperado y mejoró el dato de septiembre. En México la producción industrial de octubre desaceleró más de lo previsto. En el plano geopolítico, Japón y Países Bajos se unieron a las medidas de EE.UU. para endurecer el control de las exportaciones de chips y semiconductores de China. En respuesta, China ha abierto otra disputa en la OMC en lo que califican de una guerra tecnológica. Por otra parte, continúan suavizándose las restricciones de la política Covid cero aunque esto comienza a plantear dudas sobre la capacidad del sistema sanitario para aguantar una nueva ola de contagios.
Qué esperamos para hoy
Las bolsas europeas abrirían con subidas de +0,25% pero la sesión se definirá con la publicación de los datos de inflación de EE.UU. En estos momentos, los futuros del S&P cotizan con subidas del +0,10% (el S&P 500 terminó ayer con subidas del +0,69% con respecto al nivel al que estaba al cierre de las bolsas europeas). La volatilidad en EE.UU. subió (VIX 25). Los mercados asiáticos cotizan con subidas (CSI 300 chino +0,16%, Nikkei japonés +0,40%)
Hoy en Alemania y en EE.UU. la inflación de noviembre. En subastas: España (1.500 M euros en letras a 3 y 9 meses).
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.

CaixaBank SA

Caixabank is an investment company based in Spain. Co. is involved in investment portfolio management activities across two areas: Services and Financial Business and Insurance. In the services area, Co. provides investment solutions for companies involved in the infrastructure, energy, services and entertainment sectors. In the financial business and insurance area, Co. is engaged in the investments for international banks, insurance and specialist financial services. Co. focuses most of its banking investments in India, China, the U.S., and Central and Eastern Europe with a particular interest in retail banking. Co. is also involved in the disinvestments activities.

ING Groep NV

ING Groep is a global financial institution based in the Netherlands. Co. is engaged in offering a wide range of retail and wholesale banking services to customers in over 40 countries across Europe, the Americas, Asia and Australia. In addition to the basic banking services of lending, payments and cash management and treasury, Co. provides tailored banking solutions in areas including corporate finance, commercial finance (factoring), equity markets and debt capital markets to help clients achieve their business goals. Co.'s operations are organized along five segments: Retail Netherlands; RetailBelgium: Retail Germany: Retail Other; and Wholesale Banking.

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®.

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.

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