IBERIAN DAILY 10 OCTOBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: FCC.
Slight drops in Europe
Except for the DAX, which closed in positive numbers, the main European stock markets closed with losses of around -0.5% in view of the complacent markets and the political shutdown in France. In the STOXX 600, Construction and Utilities led the gains, while Autos (-4.5% on the day) and Consumer Goods suffered the biggest routs. On the macro side, in the euro zone, the ECB’s meeting minutes suggested the monetary policy is ready to respond to the changes in inflation prospects in the euro zone. From the Fed, J. Williams backed new rate cuts this year ...