IBERIAN DAILY 02 APRIL (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: GRIFOLS, INDRA, MELIÁ HOTELS, PUIG BRANDS. Positive and negative news in Gulf War but negative today All risk assets (stock exchanges, bonds, CDS, €) saw a new session of euphoria, with crude oil prices falling sharply, driven by short covering and/or expectations of an imminent resolution of the conflict in Iran. However, after the markets closing bell, far from suggesting the end of the conflict, D. Trump pledged to intensify the attacks over the next 2-3 weeks, sending Iran ba...

INFORME DIARIO 02 ABRIL (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: GRIFOLS, INDRA, MELIÁ HOTELES, PUIG BRANDS. Guerra en el Golfo, una de cal y otra de arena, hoy toca arena Nueva jornada de euforia en todos los activos de riesgos (bolsa, bonos, cds, euro…) y fuertes retrocesos en el crudo. El catalizador, la cobertura de posiciones especulativas cortas y/o la expectativa de una pronta resolución del conflicto en Irán. Con todo, tras el cierre de los mercados D. Trump dio un discurso en el que lejos de apuntar a un...

IBERIAN DAILY 31 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, CAF, GRIFOLS, NEINOR HOMES. Stock markets amid doubts of an excessive correction and the deterioration of the Gulf prospects Stock markets fluctuated within a narrow range yesterday at around last week’s close. The deterioration of prospects regarding a rapid solution to the conflict with the arrival of US troops to the region and the entry of Yemen’s Houthi rebels had a negative impact. On another note, several investment banks outlined that the correction is starting to b...

INFORME DIARIO 31 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AENA, CAF, GRIFOLS, NEINOR HOMES. Las bolsas dudan entre si el castigo acumulado ha sido excesivo, y el deterioro de perspectivas en el Golfo Las bolsas se mantuvieron durante toda la sesión oscilando en un rango estrecho en torno a los cierres de la semana pasada. Por una parte, pesó negativamente el deterioro de perspectivas respecto a una resolución rápida del conflicto con la llegada de tropas estadounidenses a la región y la entrada de los Hut...

AMADEUS: IA - ¿AMENAZA U OPORTUNIDAD? (ANÁLISIS BANCO SABADELL)

IA: ¿amenaza u oportunidad? Revisamos P.O. -12% hasta 73,30 euros/acc. (potencial +47,5%), pero reiteramos SOBREPONDERAR.

INFORME DIARIO 25 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AMADEUS, ELECNOR, ENDESA, GRIFOLS, METROVACESA, PUIG,. Mucha incertidumbre sobre Oriente Medio Jornada de mucha volatilidad en bolsas, ante las discrepancias entre las declaraciones de fuentes estadounidenses e iraníes pero que en todo caso mantienen al estrecho bloqueado. En el STOXX 600 lideraron las subidas Energía (el petróleo rebotó un +4,0%) y Telecomunicaciones mientras que Bancos e Industriales terminaron con las mayores caídas. Por el lado...

IBERIAN DAILY 25 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AMADEUS, ENDESA, GRIFOLS, METROVACESA, PUIG BRANDS. Huge uncertainty in Middle East It was a highly volatile session on stock markets in view of the discrepancies between the statements made by US and Iranian sources, but in any event the Strait of Hormuz remains blocked. In the STOXX 600, the gains were led by Energy (with oil rallying +4.0%) and Telecoms, while Banks and Industrials ended with the biggest drops. On the macro side, in the euro zone March’s preliminary manufactur...

Air France-KLM : Liquidity positions and low leverage cover airlines f...

European airlines closed up FY 2025 with a rather good feeling as Q4 2025 results showed good cost control capabilities which had been their main tailwind over the past 2-3 years. While the outlook for FY 2026 was to pursue the overall good performance, the war in Iran has created a different scenario. Demand continues to hold up driven by the premium segment and across all geographies. European airlines have added new capacity to the routes to and from Asia to gain market share due to Gulf airl...

Air France-KLM : Liquidity positions and low leverage cover airlines f...

European airlines closed up FY 2025 with a rather good feeling as Q4 2025 results showed good cost control capabilities which had been their main tailwind over the past 2-3 years. While the outlook for FY 2026 was to pursue the overall good performance, the war in Iran has created a different scenario. Demand continues to hold up driven by the premium segment and across all geographies. European airlines have added new capacity to the routes to and from Asia to gain market share due to Gulf airl...

Amadeus IT Group S.A.: Update to credit analysis

Our credit view of this issuer reflects its status as a leading company in a consolidated industry, constrained by its risk of further disintermediation of GDS by airlines.

INFORME DIARIO 23 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: IAG, INDRA. EUROPA: N/A Semana de fuertes caídas Las bolsas europeas cerraron la semana con pérdidas que rondaron el -3,5% (-2,0% en el caso del Ibex) tras los ataques a instalaciones energéticas en la guerra de Irán que provocaron fuertes repuntes en el precio del petróleo y el gas. En el STOXX 600, todos los sectores menos Energía (apoyado en la fuerte subida del precio del Brent) cerraron con pérdidas, lideradas por R. Básicos y Media. En Franci...

IBERIAN DAILY 23 MARCH (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: IAG, INDRA. A week of sharp drops European stock markets ended the week with losses of around -3.5% (-2.0% in the case of the IBEX) after the attacks on energy infrastructures in the war in Iran, which led to heavy increases in oil and gas prices. In the STOXX 600, all the sectors except Energy (underpinned by the sharp rise in Brent prices) ended in the red, led by Basic Materials and Media. In France, the far-right party lost support in the second round of the local elections a...

International Consolidated Airlines Group SA: 1 director

A director at International Consolidated Airlines Group SA bought 5,000 shares at 4.000EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 03/13/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 03/13/2026

ODDO BHF SECURITIES Small & MIDCAP MORNING NEWS – 13/03/2026

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 13/03/2026

ODDO : Middle East conflict: stock hierarchy slightly adjusted

ODDO : Conflit au Moyen-Orient : hiérarchie de valeurs ajustée à la ma...

INFORME DIARIO 13 MARZO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BBVA, IAG, TELEFÓNICA. El crudo y las dudas en crédito privado lastran la confianza en las bolsas Aumentan las caídas en los índices europeos, con el S&P 500 jugándose el soporte de los 6.700 puntos. El Euro STOXX 50 tocó la referencia de los 5.750 puntos por las tensiones en Medio Oriente (el Brent volvió a los 99 d/b) y las preocupaciones sobre el crédito privado. En el STOXX 600, los mejores sectores fueron Químicas y Utilities mientras que Via...