IBERIAN DAILY 03 JUNE (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACS, BANKINTER.
Trade situation raising doubts
European stock markets ended with slight drops, except the IBEX 35, which once again saw gains. Meanwhile, the EC regretted the expected doubling on steel tariffs and would be readying countermeasures on € 95 Bn of imports in addition to the € 21 Bn already announced (but suspended awaiting trade negotiations). In the STOXX 600, the best-performing sectors were Energy (taking advantage of the oil rally) and Insurance, whereas Autos and Media fell the most. On the macro side, in the euro zone May’s final manufacturing PMI improved un...