IBERIAN DAILY 15 DECEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: FERROVIAL, GREENING, REPSOL, TALGO.
The Fed continues to underpin stock markets
The Fed’s dovish message underpinned the weekly gains of stock markets, conveying confidence on lower rates in 2026 and higher liquidity with the Fed’s short-term asset purchase. This led the Ibex to climb above 17,000 points. In the STOXX 600, Banks and Insurance, closely followed by Travel&Leisure, led the gains whereas Autos and Real Estate were the only sectors ending with drops. On the macro side, in the UK the quarterly GDP came in worse than expected, with October’s industrial output rising. I...