STOXX 600 down 0.3%
Defence stocks rise, drugmakers fall
Nvidia results awaited
Wall Street futures dip
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
POSTCARD FROM MADRID: BANKS' MOOD IS "POSITIVE"
Citi has been on an investor trip in Madrid to meet all listed banks there with the main takeaway being that lenders are still positive about the outlook.
"The mood remains positive, bolstered by the strong momentum of the Spanish economy and relatively low private sector leverage by Western standards," says Citi analyst Marta Sanchez Romero in a note.
Spanish banks have been on a roll, rising by 49% on average YTD and quickly recovering from the Liberation Day selloff.
"We remain buyers of CABK, BKT and BBVA and we rate SAB and UNI Neutral," Romero adds, referring to Caixabank, Bankinter, BBVA, Sabadell and UniCaja.
Here are some more takeaways:
The sector is on track to achieve nearly mid-single digit loan growth in 2025 except for Santander and UniCaja.
U.S. trade policy uncertainty has had little effect on lending demand.
Current macro trends favour deposit growth. If the labour market remains strong, deposits should expand.
On M&A, executives and investors generally agree the BBVA-Sabadell deal review won't lead to "game changing" remedies.
(Danilo Masoni)
*****
EARLIER ON LIVER MARKETS:
DEFENCE, GERMAN STOCKS CHARGE AHEAD CLICK HERE
BEFORE THE BELL: EUROPEAN FUTURES DIP, STELLANTIS PICKS CEO CLICK HERE
NVIDIA EARNINGS TAKE THE SPOTLIGHT CLICK HERE
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。