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  • Research Department

IBERIAN DAILY 14 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: NEINOR HOMES. This week we start with the 30% tariffs on Europe and Mexico Last week the markets continued to monitor the uncertainty stemming from the tariff war initiated by the US, although with a degree of complacency after the EU anticipated a slightly worse deal than the one signed with the UK, which would include a generalized 10% tariff. Additionally, there were new threats from Donald Trump to impose a 35% tariff on Canada (vs. the current 25% on products not complying wi...

Research Department
  • Research Department

INFORME DIARIO 14 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: NEINOR. EUROPA: UNICREDIT Esta semana empezamos con aranceles del 30% a Europa y México La semana pasada las bolsas siguieron pendientes de la incertidumbre que genera la guerra arancelaria iniciada por EE.UU. aunque con cierta complacencia después de que la UE esperara un acuerdo algo peor que el firmado con el R. Unido que incluiría un arancel generalizado del 10%. Además, nuevas amenazas de D. Trump con introducir el 1 de agosto un arancel del ...

Florent Laroche-Joubert ... (+4)
  • Florent Laroche-Joubert
  • Manuel Martin
  • CEFA
  • CREA
Florent Laroche-Joubert ... (+4)
  • Florent Laroche-Joubert
  • Manuel Martin
  • CEFA
  • CREA
Research Department
  • Research Department

IBERIAN DAILY 10 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AEDAS, CAF. Ibex above 14,300 points European stock markets climbed >+.10% in a session with few macroeconomic references and despite the continued tariff uncertainty. In the STOXX 600, most sectors (17/20) ended with gains, led by Banks and Construction vs. Media and Basic Resources that posted the biggest drops. On the macro side, in the US, in the Fed minutes several members warned about the risks stemming from a more persistent impact from tariffs on inflation and even though ...

Roy Külter ... (+2)
  • Roy Külter
  • Thomas Zlowodzki
Roy Külter ... (+2)
  • Roy Külter
  • Thomas Zlowodzki
Research Department
  • Research Department

IBERIAN DAILY 09 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, BANKING SECTOR, CIE AUTOMOTIVE, ENDESA, INDRA, REPSOL, TALGO. Tariff uncertainty It was a session of slight gains in European stock markets whereas the change of dates for the deadlines set by D. Trump to close trade negotiations and implementation of tariff continues (with a new deadline on the 1st August). In the STOXX 600, Basic Resources and Autos were the best-performing sectors vs. the drops of Real Estate and Household. On the macro side, in the US, June’s NFIB SMEs c...

Andres Bolumburu ... (+2)
  • Andres Bolumburu
  • Virginia Romero

SECTOR ELÉCTRICO ESPAÑA: LA CNMC FIJA UNA RENTABILIDAD DE LA INVERSIÓN...

La CNMC fija la tasa de retribución de redes eléctricas en el 6,46% La CNMC ha publicado el borrador de la tasa de retribución financiera (TRF) para el nuevo marco de redes de distribución y transporte de electricidad 26-31 en el 6,46% vs 5,58% anterior, en línea con lo inicialmente previsto, pero lejos de lo solicitado por el sector (c. 7/7,5%). Noticia negativa, especialmente para aquellas compañías con mayor exposición a negocio regulado doméstico (Redeia, 81% EBITDA’25e) y a la TRF (Endesa, ...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Almirall, S.A. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 30 June 2025 in which we reassessed the appropriateness of the ratings in the context of the...

Delphine Brault ... (+2)
  • Delphine Brault
  • Steven Boumans
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