IBERIAN DAILY 26 JUNE (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACCIONA, ACCIONA ENERGÍA, NATURGY.
Stock markets consolidation
Following Tuesday’s gains, European stock markets dropped in a session lacking macroeconomic data, with the NATO meeting and the agreement to reach 5.0% of spending in 2035 as the main drivers. In the STOXX 600, most sectors (14/20) saw corrections, led by Food and Media vs. the better performance of cyclical industries such as Automobiles and Technology. On the macro side, in Spain, the final 1Q’25 confirmed the preliminary data of 2.8% YoY. In the US, May’s new home sales reported the sharpest drop in 3 years (more...