LONDON | On the eve of the biggest Q2 reporting week for EU companies, Barclays top-down model suggests a further acceleration is imminent for euro area stocks, with 6% likely for 2015 as a whole.
Articles by The Corner
Spain’s biggest bank released its 2Q2015 results on Thursday, showing a 24% rise in net attributable profit to EUR 3.426 billion in the first half from a year earlier. All of Santander’s ten core markets posted an increase in profits, with the three largest, Spain, the United Kingdom and Brazil, registering particularly significant rises.
LONDON | Barclays | The US dollar strengthened after the FOMC left the door open for a September move, although it did not provide any strong signal for the timing of the first hike.
LONDON | Barclays | For the Bull market to continue we now need companies to deliver on earnings.
NICOSIA |By Marios Zachariadis via MacroPolis | Policies undertaken from a narrow national perspective that encourage systematic fiscal surpluses, coupled with a national consensus on wage suppression between unions and industry facilitated by the state, impact negatively upon domestic spending while increasing national saving.
The Corner | July 27, 2015 | Spain’s bailed-out lender Bankia saw its first-half profit rose 11.5 percent from a year ago, as it reported on Monday. Net profit rose 10.3 per cent to €311m, versus a consensus of analysts’ expectations of €277.8m. Charges against bad debts fell and offset weaker revenue from lending.
The Corner | July 26, 2015 | Spanish listed banks’ Q2’15 earnings season starts today. Analysts at AFI are less optimistic than consensus estimates.
July 24, 2015 | UBS | Sector performance since crude began to slide again has, unsurprisingly, been poor: EU integrateds are down 11% since the May peak, underperforming the wider market by 11%, and the US peers down 10%.
MADRID | July 24, 2015 | By Fernando Barciela | Economist, businessman and former minister at several Spanish socialist cabinets between 1982 and 1993, Carlos Solchaga praises the big steps taken by the Spanish labour reform –the main of which he claims were made in the years ‘93 and ‘94, while he was a member of the government. This is the first part of our conversation.