IBERIAN DAILY 17 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: GRIFOLS, INDRA.
Doubts do not disappear they change
Calm prevailed at both sides of the Atlantic with a battery of macroeconomic data that did not convince the market. In the STOXX 600, almost all sectors (16/20) ended with drops, led by Energy and Industrials vs. the larger gains of Consumer Goods, Financial Services and Retail Estate. On the macro side, in the euro zone, November’s PMI fell more than expected (the manufacturing PMI was at its lowest level in 8 months) but the composite PMI remained at levels consistent with 1.0% GDP growth. In Germany, December’s ZEW index cli...