Report
EUR 100.00
For Business Accounts Only
MARKETS YESTERDAY AND TODAY
Wasted day on the markets
European stock markets kicked off the week with slight losses after new widening on debt markets. In the Euro STOXX, the best-performing sectors were value, led by Basic Resources and Autos, whereas Household Goods and Utilities ended with the biggest drops. On the macro side, there were no noteworthy releases. From the ECB, chief economist P. Lane does not expect the rise in inflation to change the medium-term outlook, and he once again insisted on a recalibration of QE more than a tapering.
What we expect for today
European markets would open with losses of less than -1%, once again worried by inflation (awaiting inflation data, to be released tomorrow in the US) and slowing growth rates. In China Evergrande is expected to once again default on a coupon for its debt today, and the risk is being reflected in a rise to a high from the past few decades in high-risk debt yields. Currently, S&P futures are down -0.4% (the S&P 500 ended -1.12% below its price at the closing bell in Europe). Volatility in the US rose (VIX 20.00). Asian markets are falling (China’s CSI -1.5% and Japan’s Nikkei -0.85%).
Today, in the UK we will learn August’s unemployment rate and in Germany October’s ZEW index. In debt auctions: Netherlands (€ 2 Bn in bonds due 2047) and Germany (€ 5 Bn in bonds due 2023).
IBERIAN DAILY 12 OCTOBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ELECTRICITY SECTOR.MARKETS YESTERDAY AND TODAY
Wasted day on the markets
European stock markets kicked off the week with slight losses after new widening on debt markets. In the Euro STOXX, the best-performing sectors were value, led by Basic Resources and Autos, whereas Household Goods and Utilities ended with the biggest drops. On the macro side, there were no noteworthy releases. From the ECB, chief economist P. Lane does not expect the rise in inflation to change the medium-term outlook, and he once again insisted on a recalibration of QE more than a tapering.
What we expect for today
European markets would open with losses of less than -1%, once again worried by inflation (awaiting inflation data, to be released tomorrow in the US) and slowing growth rates. In China Evergrande is expected to once again default on a coupon for its debt today, and the risk is being reflected in a rise to a high from the past few decades in high-risk debt yields. Currently, S&P futures are down -0.4% (the S&P 500 ended -1.12% below its price at the closing bell in Europe). Volatility in the US rose (VIX 20.00). Asian markets are falling (China’s CSI -1.5% and Japan’s Nikkei -0.85%).
Today, in the UK we will learn August’s unemployment rate and in Germany October’s ZEW index. In debt auctions: Netherlands (€ 2 Bn in bonds due 2047) and Germany (€ 5 Bn in bonds due 2023).
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.