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INFORME DIARIO 16 JULIO + RDOS. ESPAÑA Y EUROPA 2T’24. PREVIEWS (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: GRIFOLS, LAR ESPAÑA, NATURGY, OHLA, SACYR, TALGO.

Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 2T’24 que se publicarán en España y Europa en los próximos días.


China sigue preocupando
Caídas moderadas en las bolsas europeas presionadas por los malos datos del PIB del 2T’24 de China. En el STOXX 600 todos los sectores presentaron caídas, siendo los mejores Viajes&Ocio y Media mientras que B. Consumo y Utilities sufrieron las mayores caídas. Por el lado macro, en la Eurozona la producción industrial de mayo se contrajo menos de lo esperado. En EE.UU. el índice Empire manufacturero de julio se deterioró menos de lo esperado. Desde el frente geopolítico, las probabilidades de que D. Trump gane las presidenciales se han disparado por encima del 60% mientras que su compañero de fórmula será el Senador J.D Vance. Desde la Fed, J. Powell se mostró confiado en que los últimos datos de inflación van en la dirección adecuada para alcanzar el objetivo de 2,0% de inflación. En Alemania, el gabinete de gobierno estaría a punto de aprobar el borrador de presupuesto el cual tiene una brecha de financiación de 17.000 M de euros. En Rdos. empresariales en EE.UU. del 2T’24 BlackRock y Goldman Sachs salieron mejor.
Qué esperamos para hoy
Las bolsas abrirían con ligeras caídas. En estos momentos, los futuros del S&P 500 cotizan con avances del +0,19% (el S&P 500 terminó ayer con recortes del -0,49% con respecto al nivel al que estaba al cierre de las bolsas europeas). Los mercados asiáticos cotizan con subidas (CSI 300 chino +0,12%, Nikkei de Japón +0,19%).
Hoy en Alemania el índice ZEW de julio. En EE.UU. las ventas al por menor de junio y el índice de confianza del sector residencial (NAHB) de julio. En Rdos. Empresariales en EE.UU. UnitedHealth, Bank of America y Morgan Stanley entre otros.
Underlyings
Lar Espana Real Estate SOCIMI SA

Lar Espana Real Estate SOCIMI SA is a Spain-based company primarily engaged in the operation of retail Real Estate Investment Trusts (REITs). The Company specializes in acquiring, managing and renting real estate assets within the Spanish market. Its business activities are divided into three segments: Shopping Centers, Offices, as well as Logistics. The Shopping Centers area is responsible for operation of a number of shopping malls, namely Txingudi, Las Huertas, Albacenter, Anec Blau, Hiper Albacenter, and Nuevo Alisal, among others. The Offices segment invests in office properties, such as Arturo Soria, Cardenal Marcelo Spinola, Egeo and Eloy Gonzalo. The Logistics division focuses on managing logistics warehouses, including Alovera I and Alovera II. The Company also owns a plot for residential properties development. It is a parent of a number of entities, such as Lar Espana Inversion Logistica SA, Gran Via Centrum Holdings SAU, Global Noctua and Puerta Maritima Ondara.

Obrascon Huarte Lain SA

Obrascon Huarte Lain is an international concession and construction groups based in Spain. Co. maintains significant operations in 30 countries across all five continents. Co. is engaged in hospital and railway construction, transport infrastructure concessions, oil and gas, energy, solids handling and fire protection systems and international contracts. Co.'s operations are organized along four divisions: OHL Concesiones, OHL Construccion, OHL Industrial y OHL Desarrollos. Co. is also engaged in real state project developments of mixed use managed by the international hotel chains.

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.

Talgo SA

Talgo is engaged in designing, manufacturing, repairing and maintaining the railway rolling stock, as well as the manufacturing, assembling, repairing and maintaining the engines, machinery and parts of the railway systems. Co. has an industrial presence in seven countries: Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and U.S.A. Co. has an active fleet in Europe, Asia and North America that comprises of 94 high-speed trains and more than 1,400 Talgo tilting passenger cars. Also, Co. purchases, redesigns, constructs, leases and sells all types of real estate.

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Sabadell
Sabadell

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