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CAC rallies thanks to Luxury, underpinning Euro STOXX 50
Despite being mired in a new political crisis, the French stock market recovered slightly in a session marked by the drops in the rest of the indices (IBEX -0.66%, DAX -0.53%) and lacking macro references. In the STOXX 600, the best-performing sectors were Consumer Goods, Pharma and Technology, while Banks and Travel & Leisure fell the most. On the macro side, J. Williams of the New York Fed commented it is necessary to watch upcoming data releases closely to decide on rate cuts in the upcoming meeting in September. In US business results, NVIDIA presented slightly better earnings than expected but warned regarding the uncertainty in China and the lower growth in AI, HP and NepApp were in line.
What we expect for today
European stock markets would open without a clear direction against a backdrop of high uncertainty. Currently, S&P futures are down -0.2% (the S&P 500 ended flat vs. the European closing bell). Asian markets are mixed (China’s CSI 300 -0.2% and Japan’s Nikkei +0.6%).
Today in the euro zone we will learn July’s M3 and August’s economic confidence index, in Mexico July’s unemployment rate and in the US weekly jobless claims, the second reading of the 2Q’25 GDP and July’s pending home sales. In US business results, Dell, AutoDesk and Best Buy will release their earnings.
IBERIAN DAILY 28 AUGUST (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF.CAC rallies thanks to Luxury, underpinning Euro STOXX 50
Despite being mired in a new political crisis, the French stock market recovered slightly in a session marked by the drops in the rest of the indices (IBEX -0.66%, DAX -0.53%) and lacking macro references. In the STOXX 600, the best-performing sectors were Consumer Goods, Pharma and Technology, while Banks and Travel & Leisure fell the most. On the macro side, J. Williams of the New York Fed commented it is necessary to watch upcoming data releases closely to decide on rate cuts in the upcoming meeting in September. In US business results, NVIDIA presented slightly better earnings than expected but warned regarding the uncertainty in China and the lower growth in AI, HP and NepApp were in line.
What we expect for today
European stock markets would open without a clear direction against a backdrop of high uncertainty. Currently, S&P futures are down -0.2% (the S&P 500 ended flat vs. the European closing bell). Asian markets are mixed (China’s CSI 300 -0.2% and Japan’s Nikkei +0.6%).
Today in the euro zone we will learn July’s M3 and August’s economic confidence index, in Mexico July’s unemployment rate and in the US weekly jobless claims, the second reading of the 2Q’25 GDP and July’s pending home sales. In US business results, Dell, AutoDesk and Best Buy will release their earnings.
Underlying
Construcciones Y Auxiliar De Ferrocarriles, S.A.
Provider
Sabadell
Research Department
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