IBERIAN DAILY 02 JULY (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: IBERDROLA, OHLA.
Trade talks in the spotlight
With all eyes on trade talks (the US seems to be prioritising the elimination of legal barriers against large US tech companies), European stock markets were mixed (DAX -0.8%, IBEX flat and FTSE 100 +0.3%). In the STOXX 600, the best-performing sectors were Consumer Goods and Retail, with Industrials and Banks posting the biggest drops. On the macro side, in the euro zone, June’s final manufacturing PMI was raised +0.1%, with Spain rising significantly (the only one above 50) and Italy falling. As for inflation, it rose +0.1% in June...