Rafael Domenech (BBVA Research) | Since 2014, Spain has been growing at rates higher than those of most other European countries. During these years, Spain has recovered the competitiveness lost before the crisis.
Ignacio de la Torre and Leopoldo Torralba (Arcano Partners) | Regarding Bitcoin, we are reaching a point where there is great confusion between the price and the value. If I buy a Bitcoin at $6,000 I would expect a higher value that justifies the greater risk that comes with it (it is extremely volatile, over 60%; while the volatility of currencies like the euro or dollar are less than 3%).
José Benito de Vega | Since the beginning of 2017 Siemens Gamesa (SGRE) shares have performed poorly, falling -20% compared to -1% for the Ibex 35. This is even clearer compared to the maximums of May 2017 since when they have fallen -40% (-11% Ibex 35).
BS Markets | Spanish banks’ recourse to Eurosystem financing stood at almost 170 billion euros in May. Second only to Italy’s in Eurozone, whose needs amount to around 250 billion euros. In both cases these volumes represent 15% of GDP and between 6 and 7% of the size of the sector.
Blackrock, the largest fund manager in the world, has raised its holding in the electricity company to 5.008% from the 4.998% it held, and remains the second largest shareholder behind the sovereign wealth fund Qatar Investment Authority (QIA).
The oil price has risen 70% in the last 12 months, from 45$/ barrel for Brent in June 2017 to around 80$ in May 2018. Thus, after three years of low prices, crude has returned to levels not seen since the end of 2014. What are the forces behind this increase in oil price? Could it damage the world economy?
Parques Reunidos buys “Wet n Wild” water park in Australia for 25 million euros, plus variable compensation depending on income. The operation makes sense to drive the internationalization of the company, currently present in Europe, the US, Asia and the Middle East.
According to the estimates of BBVA Research, social security enrollment increased 0.8% in second quarter , and unemployment reduced 1.6%.
In its strategic plan for 2018/2020, presented last February, Sabadell set the objective of reducing its exposure to problematic assets to below 9 billion euros. In the end the bank will exceed this target.