COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: MAPFRE, TALGO. EUROPA: DANONE, UNICREDIT. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 4T’25 que se publicarán en España y Europa en los próximos días. Continúa la volatilidad en las bolsas Semana de volatilidad en las bolsas europeas tras los vaivenes en las materias primas y las dudas sobre las valoraci...
NEWS SUMMARY: MAPFRE, TALGO. At the end of today’s report, and during the entire results season, we will include a presentation with positive and negative results highlights and previews for the 4Q’25 results to be released over the coming days in Spain. Stock markets remain volatile It was a volatile week on European stock markets after the ups and downs in basic materials and doubts about the valuation of AI companies. In the STOXX 600, the best-performing sectors were Food and Telecoms (tra...
La saison de résultats ne devrait pas apporter de mauvaises surprises concernant la fin 2025 (cf. messages rassurants lors de nos conférences et des pre-close calls) mais les perspectives 2026 devraient rester prudentes face au manque de visibilité. Face à cela, les managements vont à nouveau concentrer leurs efforts sur les leviers internes et l’agilité mais le sentiment sur le secteur pourrait rester fragile à court terme, nous conduisant à maintenir nos estimations prudentes et une approche o...
Earnings season is unlikely to bring any negative surprises for the end of 2025 (cf. the reassuring messages shared during our conferences and pre-close calls). However, the outlook for 2026 is likely to remain cautious given the limited visibility. As a result, management teams are expected to once again concentrate on internal levers and operational agility. Still, sector sentiment should remain fragile in the near term, leading us to maintain our cautious estimates and a stock-picking stance....
NEWS SUMMARY: INDRA, REPSOL, TALGO. Geopolitical turbulence The first session of the year kicked off with gains for European stock markets, underpinned by the positive performance of Asian stock exchanges and renewed confidence in artificial intelligence. In the STOXX 600, Technology and Autos led gains vs. Real Estate and Media that were the worst performers in relative terms. On the macro side, in the euro zone, November’s M3 rose more than expected, whereas December’s final manufacturing PMI...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: INDRA, REPSOL, TALGO EUROPA: AIRBUS. Turbulencias en la esfera geopolítica La primera sesión del año comenzó con ganancias para las bolsas europeas apoyadas en el buen tono de los mercados asiáticos y una mayor confianza sobre la IA. En el STOXX 600, Tecnología y Autos registraron los mayores avances, frente a Inmobiliario y Media que fueron los peores sectores en relativo. Por el lado macro, la Eurozona la M3 de noviembre avanzó más de lo esperado,...
NEWS SUMMARY: AEDAS HOMES, AENA, AMADEUS, CIE AUTOMOTIVE, EBRO FOODS, NATURGY, NEINOR HOMES, TELEFÓNICA. Awaiting new drivers Most European indices, with the exception of peripheral markets, ended with slight corrections in a session without macroeconomic data. In the STOXX 600, almost all sectors (16/20) ended with gains, led by Basic Resources and Telecommunications vs. the bigger drops of Technology and Construction. On the macro side, in the euro zone, November’s final inflation was cut one...
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