IBERIAN DAILY 24 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA ENERGÍA, GRIFOLS.
US GDP spurs the markets
European stock markets ended the session better than they began, leaving the losses in the rearview mirror after the strong US GDP data release. In the STOXX 600, Pharma and Basic Materials were the sectors rising the most, with Travel&Leisure and Media being the worst performers. On the macro side, in Spain the final 3Q’25 GSP confirmed the preliminary 2.8% YoY. In the US, the 3Q’25 GDP rose more than expected to 4.3% QoQ thanks to the boost from consumption, investments and exports. December’s Conference Board consumer confidence rose less than expected, and November’s industrial output beat expectations. From the ECB, I. Schnabel stated the organisation does not expect interest rates to move in the coming months.
What we expect for today
European stock markets would open mixed in a session lacking clear drivers. Currently, S&P futures are down -0.09% (the S&P 500 ended +0.2% higher vs. the European closing bell). Asian markets are mixed (China’s CSI 300 +0.22%, Japan’s Nikkei -0.14% and Korea’s Kospi -0.21%).
Today in the US we will learn October’s durable goods orders and weekly jobless claims and in Mexico November’s unemployment rate.