IBERIAN DAILY 18 AUGUST (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: N/A.
Markets uneasy with rate cuts and falling consumption, but remaining at highs
On Friday in the US August’s University of Michigan consumer confidence fell more than expected, giving the US market an excuse to take a break after several days of gains following the strong inflation data released early in the week. With all this in mind, the Euro STOXX 50 rose slightly less than +2.0% over the course of the week (+3.0% IBEX). On Friday in the STOXX 600, leading the gains were cyclical sectors like Basic Materials, Leisure, Autos and Chemicals (despite the poor data coming out ...