Report
EUR 100.00
For Business Accounts Only
European stock markets see gains the first session of the year
Despite the shaky start to the session, European stock markets rose, where the IBEX 35 ended up being one of the best performers despite being the worst at the start of the day. On the macro side, in the euro zone December’s final manufacturing PMI was cut slightly, whereas in Spain it rose less than expected, although consolidating above 53 and far above the euro zone’s 45.1. Separately, in the euro zone, November’s M3 grew more than expected, while corporate and household lending continued to show signs of recovery, although slowing. In the US, the final manufacturing PMI was raised, whereas weekly jobless claims came in below expectations and construction spending was disappointing, stagnating in November. In China, according to the FT, the PBoC will review its monetary policy in 2025 and would take a more similar style to the Fed/ECB, where it could leave only one reference interest rate, but always with the idea of implementing a more lax monetary policy. Separately, according to US press, J. Biden would once again block Nippon Steel’s bid to acquire US Steel.
What we expect for today
Stock markets would open flat with a slightly bearish slant. Currently, S&P futures are up +0.2% (the S&P 500 ended down -0.5% vs. the European closing bell). Asian markets are mixed (China’s CSI 300 -1.0% and Japan’s Nikkei closed for the holiday).
Today in Germany we will learn December’s unemployment rate and in the US December’s manufacturing ISM.
IBERIAN DAILY 03 JANUARY (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: RENEWABLE ENERGY SECTOR.European stock markets see gains the first session of the year
Despite the shaky start to the session, European stock markets rose, where the IBEX 35 ended up being one of the best performers despite being the worst at the start of the day. On the macro side, in the euro zone December’s final manufacturing PMI was cut slightly, whereas in Spain it rose less than expected, although consolidating above 53 and far above the euro zone’s 45.1. Separately, in the euro zone, November’s M3 grew more than expected, while corporate and household lending continued to show signs of recovery, although slowing. In the US, the final manufacturing PMI was raised, whereas weekly jobless claims came in below expectations and construction spending was disappointing, stagnating in November. In China, according to the FT, the PBoC will review its monetary policy in 2025 and would take a more similar style to the Fed/ECB, where it could leave only one reference interest rate, but always with the idea of implementing a more lax monetary policy. Separately, according to US press, J. Biden would once again block Nippon Steel’s bid to acquire US Steel.
What we expect for today
Stock markets would open flat with a slightly bearish slant. Currently, S&P futures are up +0.2% (the S&P 500 ended down -0.5% vs. the European closing bell). Asian markets are mixed (China’s CSI 300 -1.0% and Japan’s Nikkei closed for the holiday).
Today in Germany we will learn December’s unemployment rate and in the US December’s manufacturing ISM.
Provider
Sabadell
Research Department
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.