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INFORME DIARIO 21 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: FERROVIAL, LIBERBANK, NATURGY, PRISA, PROSEGUR, SACYR, UNICAJA. EUROPA: AHOLD DELHAIZE, PHILIPS

El Brexit sigue estancado, pero ya tenemos estímulo fiscal en EE.UU.
Las bolsas europeas cerraron la jornada con pérdidas, lastradas por la mala apertura de EE.UU. tras el nuevo encontronazo comercial entre EE.UU. y China (unas 80 empresas chinas pasan a la lista negra del Departamento de Comercio). Con todo lo anterior, los mejores sectores del Euro STOXX fueron Media y Farma mientras que Viajes&Ocio e Inmobiliario terminaron con las mayores caídas. Por el lado macro, en Alemania el IFO de diciembre sorprendió ascendiendo a 92,1 tras el despegue de la confianza en la situación actual. Los datos anteriores perfilan un crecimiento por encima del -4,8% a/a esperado para el 4T’20. En EE.UU. finalmente demócratas y republicados llegaron a un acuerdo sobre un paquete fiscal por 900.000 M dólares en ayudas a PYMES, subsidios de desempleo, cheques a las familias y gasto sanitario, que debería votarse hoy en el Senado y Congreso. Aparte de eso la FDA aprobó el viernes la vacuna de Moderna. Por el lado negativo, las negociaciones en torno al Brexit siguen encalladas sobre el asunto de la pesca.

Qué esperamos para hoy
A pesar de la aprobación del paquete fiscal en EE.UU, la falta de avances sobre el Brexit y el miedo a una nueva cepa más virulenta de coronavirus en R. Unido, (aunque aparentemente las vacunas también la prevendrían) lastraría la apertura en Europa que abriría con caídas superiores al -1%. En estos momentos, los futuros del S&P cotizan -0,10% (el S&P 500 cerró ayer +0,2% respecto al precio al que cotizaba al cierre de las bolsas en Europa). La volatilidad en EE.UU. bajo (VIX 21,57). Los mercados asiáticos cotizan con mixtos (CSI 300 +0,9%, Japón -0,2%).
Hoy en la Eurozona la confianza del consumidor de diciembre. En EE.UU. el índice de actividad de la Fed de Chicago de noviembre.
Underlyings
Ferrovial S.A.

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.

Grupo Prisa (PRS SM)

Koninklijke Philips N.V.

Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).

Sacyr S.A.

Sacyr is the parent company of a group engaged in the acquisition, development and construction of urban properties for their subsequent rental or resale. Co. primarily leases and sells office buildings and complexes, housing units, and shopping centers. Co. is also engaged in the operation of urban car parking facilities. Co. offers services related to the real estate industry such as technical assistance in energy savings, inventory management, architectural design, telecommunications management, property maintenance, as well as gardening and landscaping. Co. also provides consulting services in the real estate fund management sector.

Unicaja Banco S.A.

Unicaja Banco SA is a Spain-based financial institution (the Bank) engaged in the banking sector. The Bank offers services to individual and business customers. Its products and services range includes current and savings accounts, debit and credit cards, consumer and commercial loans, real estate credit, securities brokerage, funds management, leasing, factoring, pension plans, life and non-life insurance, international trade financing, money transfer, as well as treasury, among others. The Bank operates a number of branches in Spain and Morocco. The Bank is controlled by Fundacion Bancaria Unicaja.

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Sabadell
Sabadell

Analysts
Research Department

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