IBERIAN DAILY 06 OCTOBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: BANKING SECTOR, SANTANDER, TELEFÓNICA.
Euro STOXX 50 hits record high from 2000
European stock markets continued to climb, and the Euro STOXX 50 managed to hit a high since 2000, ignoring the shutdown in the US. In the STOXX 600, the best-performing sectors were Pharma, Technology and Consumer Goods, whereas Energy (following the drop in crude prices), Insurance and Travel & Leisure ended with the biggest corrections on the week. On the macro side, in the euro zone September’s final services PMI was lowered slightly. In the US September’s non-manufacturing ISM fell more than ex...