IBERIAN DAILY 18 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: NATURGY, OHLA.
The market bets on 50bps cuts today by the Fed
It was a new session of gains for European stock markets after the latest macro data released in the US showed that consumer spending is keeping up and industrial output is trying to recover. Thus, in the STOXX 600 Retail and Travel&Leisure led gains, whereas Real Estate and Pharma posted the biggest drops. On the macro side, in Germany, September’s ZEW index came in much worse than expected both in terms of expectations and current situation, suggesting new weakness in September’s manufacturing PMI. In Spain, the BoS...