reports
- Research Department
IBERIAN DAILY 29 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: BANKINTER, INDRA, MAPFRE. Surprisingly strong macroeconomic data in the US It was a transition week for European and US stock markets, with all eyes on the US macroeconomic data (particularly the positive surprise after the 2Q GDP revision) and the comments from the Fed members, cooling the strong rate cuts priced in through Dec’26. Thus, in the STOXX 600, the best-performing sectors were Basic Resources and Energy, whereas Pharma (tariff implementation) and Construction suffered...
- Research Department
INFORME DIARIO 29 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: BANKINTER, INDRA, MAPFRE. Sorpresa por la fortaleza macro americana Semana de transición en las bolsas europeas y americanas, que han estado muy pendientes de los datos macro americanos (especialmente la sorpresa positiva tras la revisión del PIB del 2T) y las declaraciones de los miembros de la Fed enfriando las fuertes bajadas de tipos que se descontaban a dic’26. Así, en el STOXX 600 los mejores sectores fueron R. Básicos y Energía mientras que...
- Javier Esteban
- Research Department
IBERIAN DAILY 26 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: ACS, BANKING SECTOR, INDRA, PHARMA SECTOR. Rate cuts lose steam European stock markets fell, as the strong US employment data and the latest comments from the Fed have cooled the likelihood of seeing the amount of rate cuts the market expects (fed fund futures through Dec’25 rising to 3.76%). Thus, in the STOXX 600, the best-performing sectors were Basic Materials and Retail, whereas Pharma and Construction suffered the biggest drops. On the macro side, in the euro zone August’s M...
- Research Department
INFORME DIARIO 26 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACS, INDRA, SECTOR BANCARIO, SECTOR FARMA. EUROPA: INTESA SAN PAOLO, UNICREDIT. Las bajadas de tipos pierden fuerza Caídas en las bolsas europeas, ya que la fortaleza en los datos de empleo americanos y los últimos comentarios desde la Fed enfrían las probabilidades de ver las bajadas de tipos que el mercado espera (futuros de los fed funds a dic’25 corrigen al alza hasta el 3,76%). Así, en el STOXX 600 los mejores sectores fueron R. Básicos y Ret...
Iberdrola S.A.: 1 director
A director at Iberdrola S.A. bought 5,183 shares at 15.628EUR and the significance rating of the trade was 58/100. 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 over the last two years clearly...
- Ahmed Ben Salem
- Ahmed Ben Salem
Nokia named a Leader in the 2025 Gartner® Magic Quadrant™ for CSP 5G C...
Nokia named a Leader in the 2025 Gartner® Magic Quadrant™ for CSP 5G Core Network Infrastructure Solutions Nokia named a Leader in the 2025 Gartner® Magic Quadrant™ for CSP 5G Core Network Infrastructure Solutions Nokia positioned as a Leader in a Gartner Magic Quadrant for 5G for fifth consecutive year.Gartner places Nokia as furthest on Completeness of Vision axis for its capabilities. 25 September 2025 Espoo, Finland – Nokia today announced that it has been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for Communication Service Provider 5G Core Network Infrastructure S...
Nokia and Nscale partner to accelerate AI infrastructure build-out
Nokia and Nscale partner to accelerate AI infrastructure build-out Press release Nokia and Nscale partner to accelerate AI infrastructure build-out Nscale selects Nokia as a preferred networking partner for global AI-ready data center build-out. Nokia joins other investors in Nscale’s Series B investment round to advance AI infrastructure globally. Nokia and Nscale to jointly drive innovation in the networking stack used in AI clusters and partner globally on joint deployment initiatives. 25 September 2025 Espoo, Finland – Nokia and Nscale announced tod...
- Louis Boujard
- CFA
- Philippe Ourpatian
- Louis Boujard
- CFA
- Philippe Ourpatian
- Research Department
IBERIAN DAILY 25 SEPTEMBER (ANÁLISIS BANCO SABADELL)
NEWS SUMMARY: CAF, IBERDROLA, SANTANDER. Drivers lacking to hit new highs In a session without drivers, European stock markets were a mixed bag after Trump reaffirmed his support of NATO’s defence. In the STOXX 600, the best-performing sectors were cyclicals linked to raw materials like Basic Materials and Energy, but also the industrial subsector of Defence, whereas Construction and Financial Services ended with the biggest drops. On the macro side, in Germany the IFO worsened unexpectedly in ...
- Research Department
INFORME DIARIO 25 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CAF, IBERDROLA, SANTANDER. EUROPA: TOTALENERGIES. Falta de catalizadores para llegar a nuevos máximos En una jornada sin catalizadores, las bolsas europeas cerraron mixtas después de que D. Trump reafirmase su apoyo a la defensa de la OTAN. En el STOXX 600 los mejores sectores fueron cíclicos ligados a las materias primas como R. Básicos y Energía pero también el subsector industrial de Defensa mientras que Construcción y S. Financieros terminaron...
Telin selects Nokia to interconnect data centers across Singapore
Telin selects Nokia to interconnect data centers across Singapore Press Release Telin selects Nokia to interconnect data centers across Singapore Telin will connect data centers across Singapore, offering new and enhanced services for major tech giants and hyperscalers. Data center interconnect capacity will provide scalable connectivity in Singapore.The deployment leverages Nokia’s latest generation of pluggable coherent optical technology and the 1830 GX compact modular platform to deliver services with industry-leading reach, performance and capacity. 25 September 2025 Espoo, Finlan...
- Farid Bitari
- Nicolas David
- Nicolas Thorez
ODDO : No, AI will not eat incumbent software vendors... on the contra...
While market sentiment has abruptly reversed regarding the AI opportunity for software vendors, we are convinced of the potential of agentic AI in the medium term for the sector, particularly for SAP, which we believe is the best positioned and which we upgrade to Outperform. Nemetschek, Planisware and Sage also seem to offer a good risk/reward trade-off following their recent de-rating. Conversely, we are downgrading Amadeus to Neutral after the reduction in its discount vs peers.
- Farid Bitari
- Nicolas David
- Nicolas Thorez
ODDO : Non l’IA ne dévorera pas les éditeurs historiques… au contraire...
Alors que le sentiment du marché s’est brutalement retourné concernant l’opportunité de l’IA pour les éditeurs de logiciels, nous sommes convaincus du potentiel lié à l’IA agentique à moyen terme pour le secteur, notamment pour SAP qui nous semble le mieux positionné et que nous upgradons à Surperformance (vs Neutre). Nemetschek, Planisware et Sage nous semblent également offrir un bon risk/reward suite à leur récent de-rating. A l’inverse, nous dégradons Amadeus à Neutre suite à la nette réduct...
- Farid Bitari
- Nicolas David
- Nicolas Thorez
FP TOTAL SE
SGE SAGE GROUP PLC
HEIA HEINEKEN NV
TEMN TEMENOS AG
CA CARREFOUR SA
ALLIX WALLIX GROUP SA
CGM CEGEDIM SA
LSS LECTRA SA
GEBN GEBERIT AG
SLHN SWISS LIFE HOLDING AG
ASM ASM INTERNATIONAL N.V.
NEM NEMETSCHEK SE
AMS AMADEUS IT GROUP SA CLASS A
ALBFR SIDETRADE SA
SAP SAP SE
TMV TEAMVIEWER AG
DSY DASSAULT SYSTEMES SA
MTRK MOTORK LTD
ATCO A ATLAS COPCO AB
PLNW PLANISWARE
- Farid Bitari
- Nicolas David
TEMN TEMENOS AG
ALLIX WALLIX GROUP SA
CEN GROUPE CRIT SA
ZVTG ZAVAROVALNICA TRIGLAV D.D.
LXS LANXESS AG
CGM CEGEDIM SA
LSS LECTRA SA
NOEJ NORMA GROUP SE
SLHN SWISS LIFE HOLDING AG
IDIP INSTITUT DE DEVELOPPEMENT INDUSTRIEL SCA
ECV ENCAVIS AG
NEM NEMETSCHEK SE
AMS AMADEUS IT GROUP SA CLASS A
ALBFR SIDETRADE SA
AXS ACCSYS TECHNOLOGIES
SAP SAP SE
TMV TEAMVIEWER AG
KTA KNAUS TABBERT
DSY DASSAULT SYSTEMES SA
MTRK MOTORK LTD
ORP ORPEA
PLNW PLANISWARE
FERGR FERRARI GROUP PUBLIC LIMITED COMPANY
- Farid Bitari
- Nicolas David
- Nicolas Thorez
FP TOTAL SE
SGE SAGE GROUP PLC
HEIA HEINEKEN NV
TEMN TEMENOS AG
CA CARREFOUR SA
ALLIX WALLIX GROUP SA
CGM CEGEDIM SA
LSS LECTRA SA
GEBN GEBERIT AG
SLHN SWISS LIFE HOLDING AG
ASM ASM INTERNATIONAL N.V.
NEM NEMETSCHEK SE
AMS AMADEUS IT GROUP SA CLASS A
ALBFR SIDETRADE SA
SAP SAP SE
TMV TEAMVIEWER AG
DSY DASSAULT SYSTEMES SA
MTRK MOTORK LTD
ATCO A ATLAS COPCO AB
PLNW PLANISWARE
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