IBERIAN DAILY 23 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ELECTRICITY SECTOR.
Drops on almost all European markets
European stock markets fell, with the IBEX, dragged down by the banks and nearing the 15,000 point mark, was the worst relative performer. In the STOXX 600, the best-performing sectors were Basic Materials and Technology, whereas Autos and Food suffered the biggest drops. On the macro side, in the euro zone September’s consumer confidence improved slightly more than expected. In the US, August’s Chicago Fed activity index slowed its drop. From the Fed, A. Musalem and R. Bostic see little leeway for bigger rate cuts, as inf...