Report
EUR 100.00
For Business Accounts Only
MARKETS YESTERDAY AND TODAY
Yuan stabilising gives the markets a breather
Following the strong recent corrections, European markets remained practically flat during the entire session thanks to the stabilisation of the yuan (with the PBoC’s measures in place), avoiding a new escalation in the trade conflict between the US and China. In the Euro Stoxx, Basic Materials was once again hit the hardest along with Energy (with crude falling below US$ 60), whereas Media (sparked by the sale of UMG), Construction and Consumer Goods ended with the biggest gains. On the macro side, in Germany, June’s factory orders recovered more than expected. In US business results, Duke Energy and Discovery beat expectations, Allergan and Emerson Electric were in line and Walt Disney released worse earnings than expected.
What we expect for today
Currently, the S&P futures are down -0.5% (the S&P 500 rose +0.1% vs. its price at the closing bell in Europe). Volatility in the US fell (VIX 20%). Asian markets are falling slightly (Hong Kong and Japan are both sliding -0.4%).
Today in Germany we will learn June’s industrial output. In debt auctions, Germany will issue € 4 Bn in 5Y bonds. In US business results, Tripadvisor, Fox, Monster Beverages and AIG, among others, will release their earnings.
IBERIAN DAILY 07 AUGUST (ANÃLISIS BANCO SABADELL)
NEWS SUMMARY: COLONIAL, ELECTRICITY AND GAS SECTOR.MARKETS YESTERDAY AND TODAY
Yuan stabilising gives the markets a breather
Following the strong recent corrections, European markets remained practically flat during the entire session thanks to the stabilisation of the yuan (with the PBoC’s measures in place), avoiding a new escalation in the trade conflict between the US and China. In the Euro Stoxx, Basic Materials was once again hit the hardest along with Energy (with crude falling below US$ 60), whereas Media (sparked by the sale of UMG), Construction and Consumer Goods ended with the biggest gains. On the macro side, in Germany, June’s factory orders recovered more than expected. In US business results, Duke Energy and Discovery beat expectations, Allergan and Emerson Electric were in line and Walt Disney released worse earnings than expected.
What we expect for today
Currently, the S&P futures are down -0.5% (the S&P 500 rose +0.1% vs. its price at the closing bell in Europe). Volatility in the US fell (VIX 20%). Asian markets are falling slightly (Hong Kong and Japan are both sliding -0.4%).
Today in Germany we will learn June’s industrial output. In debt auctions, Germany will issue € 4 Bn in 5Y bonds. In US business results, Tripadvisor, Fox, Monster Beverages and AIG, among others, will release their earnings.
Underlying
Inmobiliaria Colonial (COL SM)
Provider
Sabadell
Research Department
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