IBERIAN DAILY 03 MARCH (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: NATURGY.
The Middle East war shakes stock markets
March kicked off with high volatility in risk assets after the joint attack of the US on Iran last weekend. The Ibex saw a correction of around -3%, falling below 18,000 points. In the STOXX 600, all sectors with the exception of Energy ended with drops, led by Autos and Consumer Goods. On the macro side, in the euro zone February’s final PMI confirmed the preliminary data of 50.8, whereas in Spain it climbed more than expected to a level consistent with expansion (50). In Germany, January’s retail sales slowed down, as opposed ...