IBERIAN DAILY 18 NOVEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACERINOX, ELECTRICITY SECTOR, SOLARIA.
Valuations on AI continue to raise doubts on stock markets
The week kicked off with drops (as the previous one ended), dragged down by the uncertainty surrounding the Fed’s decision on rates in December and by the growing fear of an AI bubble. The IBEX 35 fell for the third straight day, closing below 16,200. In the STOXX 600, most sectors ended with drops, led by Retail and Chemicals, whereas Utilities and Energy ended as the best relative performers. On the macro side, in the US November’s Empire manufacturing index rose unexpectedly to i...