Time for Spain to get a foreign policy

Spain: Is growth without stability possible?

Joan Tapia (Barcelona) | The possibility of new elections in November is beginning to sound the alarm about the ability of Spanish political parties to form coalitions. The Spanish economy is an animal of great strength which, once set going, is resistant and difficult to stop. So said to me a few months ago a distinguished Spanish economist who presides over one of the most respected think tanks.

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merchbank
Leverage loans. The next trigger?

Yield not equal to return

Chris Iggo (AXA IM) | Bonds have sold off a bit last week, but I believe that the bull market remains in place. Global monetary policy is about to be eased yet there are reasons to be relatively relaxed about the near-term growth outlook. The mini-bond sell-off will make yields a bit more attractive. However, yield does not equate to return unless you hold bonds to maturity and there remains scope for returns to be substantially higher than current yields, especially at the long-end of the maturity spectrum.



Bankinter prior 2Q19: market situation will be noticeable in net commissions

Renta 4 | Bankinter is publishing its 2Q19 results on July 25, 2019 before the opening of the market. Maintain. Target price 8.1 eur / share. Our estimates point to a net interest margin of 284 million euros, + 5% yoy, and + 3% vs 1Q19 in a quarter where we could see some improvement in the MI / ATM (1.48 % R4e vs. 1.46% in 1Q19). 

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what are our contingencies and backups for catastrophic climate change?

Ecosystems

Donato Ndongo-Bidyogo | It is today unquestionable that containing the natural deterioration of our planet requires actions, not just words.

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