IBERIAN DAILY 02 APRIL (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: GRIFOLS, INDRA, MELIÁ HOTELS, PUIG BRANDS.
Positive and negative news in Gulf War but negative today
All risk assets (stock exchanges, bonds, CDS, €) saw a new session of euphoria, with crude oil prices falling sharply, driven by short covering and/or expectations of an imminent resolution of the conflict in Iran. However, after the markets closing bell, far from suggesting the end of the conflict, D. Trump pledged to intensify the attacks over the next 2-3 weeks, sending Iran back to Stone Age, where the country will also possibly intensify its attacks against the Gulf energy ...