IBERIAN DAILY 28 MAY (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: FERROVIAL, INDRA, NEINOR HOMES.MARKETS YESTERDAY AND TODAY
Fall and Rise
European stock markets gained ground throughout the session, underpinned by the good macroeconomic data and news on higher public spending for 2022 in the US (up to 6 Trillion in 2022 and 8.2 Trillion in 2031), with value outperforming growth. The best-performing sectors in the Euro STOXX were Banks (benefiting from the rise in interest rates) and Automobiles (General Motors announced the reopening of five plants that were closed due to the shortage of semiconductors) vs. Utilities and Pharma that ended with the worst relative performance. On the macroeconomic level, in the US, core durable goods orders rose more than expected, the second reading the 1Q’21 GDP confirmed the 6.4% q/qa (expected to be raised) although private consumption was raised more than expected. Weekly jobless claims fell more than expected and pending home sales dropped unexpectedly. In Japan, April’s unemployment rate climbed more than expected while Tokyo’s inflation remained in negative territory vs. a higher rise expected.
What we expect for today
European stock markets would see gains
Ferrovial is a transportation company based in Spain. Co. is engaged in operations in the transportation sector. Co. specializes in the design, construction, management, administration and maintenance of transport infrastructures. Co.'s services range also includes the maintenance of parking lots, and land-, sea- and air-based transport networks. Co. is also engaged in the promotion and operation of short-stay parking lots, parking regulation and management services and promotion and sale of residents' parking.
Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.
Neinor Homes SA, formerly Neinor Homes SLU, is a Spain-based company engaged in the real estate sector. The Company focuses on the design, construction and promotion of residential properties. It develops housing projects in various Spanish cities, such as Malaga, Madrid, Barcelona, Cordoba, Vizcaya, Alicante, Almeria and Gerona.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.