IBERIAN DAILY 25 AUGUST (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ENDESA.Markets maintain strong August performance
Last week, stock markets closed with gains, with Chinese markets (CSI 300) and the FTSE 100 standing out. This performance was spurred at the end of the week by Powell’s comments in Jackson Hole in favour of rate cuts, admitting that the current, still restrictive monetary policy could be relaxed in view of the deteriorating job market. In the STOXX 600, the sectors that rose the most were defensive ones like Pharma, Utilities and Household Products, whereas Construction was the only sector in the red. On the macro side, in Germany the 2Q’25 GDP was lowered to -0.3% QoQ. In Mexico, the 2Q’25 GDP was lowered to 0.0% YoY.
What we expect for today
European stock markets would open with losses of around -0.3%. Currently, S&P futures are flat (the S&P 500 ended -0.1% lower vs. the European closing bell). Asian markets are rising (China’s CSI 300 +1.0% and Japan’s Nikkei +0.4%).
Today in Germany we will learn the August’s IFO and in the US July’s new home sales and August’s Dallas Fed manufacturing index.
Endesa is engaged in the production, transmission, distribution, and supply of electricity, through hydroelectric, fossil fuel, and nuclear generation. Co. is also engaged in the mining of coal for use in its fossil-fuel electric plants; mining research; land restoration, and environmental monitoring and control.
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