IBERIAN DAILY 15 JULY (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF, ELECTRICITY SECTOR, IBERDROLA.
The tariff risk remains, and stock markets continue to price it in
European stock markets reeled in the initial losses following Trump’s threat of a 30% tariff on the EU, closing with slight losses and with the IBEX even in positive numbers. However, in the STOXX 600, most sectors (12/20) posted losses, led by those most exposed to tariffs, such as Autos and Basic Materials, whereas Banks and defensive sectors like Household Goods ended with the biggest gains. On the macro side, in China the 2Q’25 GDP grew more than expected thanks to the exte...