IBERIAN DAILY 01 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: IAG, MAPFRE, SANTANDER, TELEFÓNICA.
Between monetary policy and a possible Ukraine-Russia peace treaty
With the only US macro reference being the Fed’s Beige Book, the markets saw a transitional week due to Black Friday. European markets ended the week with gains, rallying from support levels and seeking 2025 highs, with the Ukraine-Russia peace talks continuing to be in the spotlight. In the STOXX 600, Basic Resources and Construction led the gains, with Food and Household Goods ending with the smallest gains. On the macro side, in Germany October’s retail sales fell -0.3%, whe...