IBERIAN DAILY 03 OCTOBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: SACYR.
Gains resumed in Europe
The Euro STOXX 50 exceeded the resistance level of 5,566 points, remaining confident that the US shutdown will not have a significant impact. In the STOXX 600, cyclical sectors such as Technology and Autos were the best performers whereas Banks and Utilities saw the biggest drops. On the macro side, in Spain, September’s number of unemployed fell to 2007 lows whereas the number of employed workers rose to 21.7 M. In Italy, the government foresees a -3.0% deficit in 2025 (vs. -3.3% previously). In the euro zone, August’s unemployment rate rose one t...