IBERIAN DAILY 10 DECEMBER (ANÃLISIS BANCO SABADELL)
NEWS SUMMARY: CIE AUTOMOTIVE.MARKETS YESTERDAY AND TODAY
Transitional session with little volume traded as markets await news
Yesterday’s was a transitional session, with little volume traded and hardly any changes, ahead of the Fed meeting on Wednesday, the UK election and the ECB meeting (both on Thursday) or any signs from the Trump Administration as to whether tariffs on Chinese imports will be raised on 15 December. Thus, in the Euro STOXX, Basic Resources was the only sector that saw significant gains (>+0.1%) vs. the drops in Energy, Autos, Leisure and Household Goods. On the macro side, in Germany, exports increased vs. the slight drop expected. In the Euro zone, the Sentix investor confidence index came in above expectations, returning to positive territory. In Mexico, November’s inflation came in as expected. In the US, government authorities warned that it will be impossible to strike a deal with China this week but the tariff increase expected for December is ruled out. In Japan, the M2 climbed more than expected in November. In China, November’s inflation rate accelerated more than expected to 4.5% YoY (due to the food component), whereas production prices fell less than expected.
What we expect for today
The main European indices would open mixed without a clear trend, awaiting the Fed and ECB meeting. Currently, S&P futures are unchanged (the S&P 500 ended -0.24% below its price at the closing bell in Europe). Volatility in the US rose (VIX 15.86%). Asian markets are sliding (Japan -0.09% and Hong Kong -0.03%).
Today we will learn: in the Euro zone and Germany, December’s ZEW index; in the UK, October’s industrial output; and in the US, November’s 3Q’19 non-farm productivity.
CIE Automotive is the parent company of an industrial group formed by several companies that are engaged in the design, manufacture and sale of automobile component and sub-units on the world market. In addition, Co. is also engaged in the bio-fuels business which is in the initial stages of development and is made up of various companies devoted to the production and distribution of bio-fuels.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.