IBERIAN DAILY 16 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA ENERGÍA, CIE AUTOMOTIVE.
The Ibex continues to climb
The week kicked off with the Ibex exceeding 17,000 points and leading gains in Europe and amid doubts in US indices. In the STOXX 600, Banks and Travel&Leisure were the best performers (as was the case last week) whereas Retail and Real Estate ended flat and Autos was the only sector ending with drops. On the macro side, in the euro zone, October’s industrial output rose more than expected to a 5-month high. In the US, December’s Empire manufacturing index fell, as opposed to expectations due to the drop in new orders....