IBERIAN DAILY 30 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: N/A.
Another transitional session before the year end
European stock markets traded with slight gains in a session marked by low volumes, with hardly any drivers or relevant macro data releases. In the STOXX 600, all the sectors except Retail closed with gains, led by Autos and Banks. On the macro side, in the US November’s wholesale inventories beat expectations. In Spain, November’s retail sales came in below expectations, hitting a low since July. In Brazil, the unemployment rate stood at 6.1%, as expected.
What we expect for today
Stock markets would open with slight losses in a session expected to generate low volumes. Currently, S&P futures are down -0.1% (the S&P 500 ended flat vs. the European closing bell). Asian markets are mixed (China’s CSI 300 +0.50% and Japan’s Nikkei -0.95%).
Today in Spain we will learn December’s inflation and in the US the Chicago PMI for December, as well as November’s pending home sales.