IBERIAN DAILY 24 NOVEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: AEDAS, FERROVIAL, NEINOR.
Stock markets far from highs
Stock markets saw profit taking last week due to the doubts surrounding the Fed’s decision in December and the overvaluation of the US technology sector despite NVIDIA’s good results. In the STOXX 600, Financials was the only sector in positive territory last week, followed by Household, which reported the smallest corrections whereas the US AI selloff had a contagion effect on the Technology sector (-5%), followed by Energy. On the macro side, in the euro zone, November’s PMI showed a mixed performance, with an unexpected d...