IBERIAN DAILY 12 JUNE (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAIXABANK, CHANGES IBEX 35, GRIFOLS.
The Ibex below 14,200 points
Despite the progress in trade negotiations between the US and China and the better-than-expected US inflation data, European stock markets ended with losses, led by the Ibex following Inditex’s poor results. In the STOXX 600, the best-performing sectors were Utilities and Energy (for the second consecutive session), whereas Retail and Real Estate ended with the biggest drops. On the macro side, in the US, May’s general and core inflation rose less than expected. Awaiting the signing of the US and Chinese presiden...