Report
EUR 100.00
For Business Accounts Only
New annual highs in Europe
Even though the US job market continues to show signs of robustness, the new tightening in debt curves underpinned stock market gains. Thus, most sectors in the STOXX saw gains (17 out of 20), led by Autos and Consumer Goods, whereas Retail and Energy posted the biggest drops (despite the rally of crude oil prices at the end of last week). On the macro side, in Germany, November’s final inflation confirmed the 3.2% YoY level. In the US, November’s job creation beat expectations, generating 199,000 jobs, the unemployment rate fell unexpectedly to 3.7%, whereas wage gains rose by 0.4%. Lastly, the University of Michigan confidence index rallied in December much more than expected to August’s highs. In China, the drop in November’s inflation and production prices aggravated more than expected.
What we expect for today
European stock markets would open flat with some bearish bias during the rest of the session although awaiting the Central Banks meeting to be held this week (Fed/ECB/BoE). Currently, S&P futures are down -0.04% (the S&P 500 ended +0.41% higher vs. the European closing bell). Volatility in the US dropped (VIX 12.35). Asian stock markets are climbing (China’s CSI 300 +0.40%, Japan’s Nikkei +1.5%).
Today no relevant macroeconomic data will be released.
COMPANY NEWS
CHANGES IBEX 35. The Technical Advisory Committee will meet today.
At today’s closing bell, the IBEX Technical Advisory Committee will meet for its second control meeting of the year (the other one being in June). We expect no changes.
IBERIAN DAILY 11 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CHANGES IBEX 35, ELECTRICITY SECTOR.New annual highs in Europe
Even though the US job market continues to show signs of robustness, the new tightening in debt curves underpinned stock market gains. Thus, most sectors in the STOXX saw gains (17 out of 20), led by Autos and Consumer Goods, whereas Retail and Energy posted the biggest drops (despite the rally of crude oil prices at the end of last week). On the macro side, in Germany, November’s final inflation confirmed the 3.2% YoY level. In the US, November’s job creation beat expectations, generating 199,000 jobs, the unemployment rate fell unexpectedly to 3.7%, whereas wage gains rose by 0.4%. Lastly, the University of Michigan confidence index rallied in December much more than expected to August’s highs. In China, the drop in November’s inflation and production prices aggravated more than expected.
What we expect for today
European stock markets would open flat with some bearish bias during the rest of the session although awaiting the Central Banks meeting to be held this week (Fed/ECB/BoE). Currently, S&P futures are down -0.04% (the S&P 500 ended +0.41% higher vs. the European closing bell). Volatility in the US dropped (VIX 12.35). Asian stock markets are climbing (China’s CSI 300 +0.40%, Japan’s Nikkei +1.5%).
Today no relevant macroeconomic data will be released.
COMPANY NEWS
CHANGES IBEX 35. The Technical Advisory Committee will meet today.
At today’s closing bell, the IBEX Technical Advisory Committee will meet for its second control meeting of the year (the other one being in June). We expect no changes.
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.