Report
EUR 100.00
For Business Accounts Only
Renewed concerns in the US about the monetary restriction
After the new GDP data in the US underscored the strength of the US economy, volatility returned to risk assets amid concerns about the continuation of the Fed’s restrictive monetary policy. Thus, the Ibex35 ended last week up >+2%, the Dax flat whereas the Euro STOXX50 rose by around +1%. Within the Euro STOXX, the best-performing sectors were Energy and Banks, whereas Technology and Autos were the worst performers last week. On the macro side, in Spain, the final 3Q’22 GDP was in line with expectations (+0.2% vs. 0.2 expected). In the US, November’s personal income and outlays were mixed (with income falling to a lesser extent and with outlays dropping more), November’s durable goods orders fell more than expected whereas December’s U. of Michigan consumer confidence rose more than expected (59.7 vs. 59.1) and November’s new home sales climbed above expectations. In Mexico, November’s trade balance and October’s IGAE economic activity index came in slightly worse than expected. In Japan, retail sales came in below expectations and the unemployment rate better (both for November). In China, the reopening and the end of the zero-Covid policy continue, with the 8-day quarantine no longer being mandatory starting on the 8th of January, and with a negative PCR test being necessary 48 hours before arriving in the country. Furthermore, the National Health Commission continues to improve treatments, new medical supplies and greater hospital capacity (from 4 to 10 ICU for every 10,000 inhabitants).
What we expect for today
European stock markets would open with gains of around 0.5%, underpinned by the positive performance of Asian stock exchanges thanks to China’s reopening. Currently, S&P futures are up +0.6% (the S&P 500 ended up +0.08% vs. the European closing bell). Volatility in the US rose (VIX 20.0). Asian markets are climbing (China’s CSI 300 +1.0% and Japan’s Nikkei +0.21%).
Today in the US we will learn November’s preliminary wholesale inventories.
IBERIAN DAILY 27 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: FLUIDRA.Renewed concerns in the US about the monetary restriction
After the new GDP data in the US underscored the strength of the US economy, volatility returned to risk assets amid concerns about the continuation of the Fed’s restrictive monetary policy. Thus, the Ibex35 ended last week up >+2%, the Dax flat whereas the Euro STOXX50 rose by around +1%. Within the Euro STOXX, the best-performing sectors were Energy and Banks, whereas Technology and Autos were the worst performers last week. On the macro side, in Spain, the final 3Q’22 GDP was in line with expectations (+0.2% vs. 0.2 expected). In the US, November’s personal income and outlays were mixed (with income falling to a lesser extent and with outlays dropping more), November’s durable goods orders fell more than expected whereas December’s U. of Michigan consumer confidence rose more than expected (59.7 vs. 59.1) and November’s new home sales climbed above expectations. In Mexico, November’s trade balance and October’s IGAE economic activity index came in slightly worse than expected. In Japan, retail sales came in below expectations and the unemployment rate better (both for November). In China, the reopening and the end of the zero-Covid policy continue, with the 8-day quarantine no longer being mandatory starting on the 8th of January, and with a negative PCR test being necessary 48 hours before arriving in the country. Furthermore, the National Health Commission continues to improve treatments, new medical supplies and greater hospital capacity (from 4 to 10 ICU for every 10,000 inhabitants).
What we expect for today
European stock markets would open with gains of around 0.5%, underpinned by the positive performance of Asian stock exchanges thanks to China’s reopening. Currently, S&P futures are up +0.6% (the S&P 500 ended up +0.08% vs. the European closing bell). Volatility in the US rose (VIX 20.0). Asian markets are climbing (China’s CSI 300 +1.0% and Japan’s Nikkei +0.21%).
Today in the US we will learn November’s preliminary wholesale inventories.
Underlying
Fluidra S.A.
Fluidra is engaged in the manufacture and commercialization of accessories and specific products for swimming pools, irrigation, and water treatment and purification systems.
Provider
Sabadell
Research Department
Other Reports on these Companies
Other Reports from Sabadell
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.