IBERIAN DAILY 09 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CHANGES IBEX, FERROVIAL, TELEFÓNICA.
Stock markets erase Friday’s losses
European stock markets rallied, offsetting the losses from Friday and driven by the expectations of rate cuts by the Fed. In the STOXX 600, the best-performing sectors were Retail and Construction, whereas defensive sectors like Pharma and Food fell the most. On the macro side, in Germany industrial output rose more than expected in July. However, the trade surplus in July was reduced unexpectedly in view of the falling exports. In the euro zone, September’s Sentix index once again deteriorated unexpectedly...