IBERIAN DAILY 14 AUGUST (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: N/A.
Greater expectations of rate cuts fuel stock markets
Following the good inflation data released in the US, the Secretary of the Treasury, Scott Bessent, demanded new rate cuts of more than 150bps this year, starting with -50bps in September (R. Bostic, Fed member, stated he would see a -25bps cut appropriate in 2025 and thanks to the strength of the job market the Fed could still wait before cutting rates). Against this backdrop and in the absence of additional references, the US stock exchange beat its record high again, as well as European indices. Thus, in Europe in the ...