IBERIAN DAILY 01 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: IBERDROLA, SANTANDER.
Stock markets ended August with gains
Last week the main European stock markets closed with drops >-2.0% due to the political doubts in France (a confidence vote could end with the current PM) and renewed trade tensions in the US, China and India. In the STOXX 600, Consumer Goods and Energy led the gains, whereas Banks, Construction and Chemicals recorded the biggest drops. On the macro side, in Germany, July’s retail sales fell more than expected whereas inflation rose more than expected to 2.2% YoY and unemployment provided a positive surprise, with the u...