IBERIAN DAILY 09 APRIL (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: INDRA, NEINOR HOMES.
Markets celebrate ceasefire, although with doubts about its compliance
Stock markets rallied after the ceasefire between the US and Iran and the reopening of the Strait of Hormuz, with oil seeing one of the largest drops in history (more than -15%) and the IBEX rising back above 18,000. In the STOXX 600, all the sectors except Energy ended with gains, led by Travel & Leisure and Industrials. On the macro side, in the euro zone February’s retail sales slowed their growth less than expected. The EU has warned member countries to maintain fiscal discipline des...