Market chatter: well-rested European stocks are back to work

Markets are expecting McDonald’s, AT&T y Comcast 1Q results. According to Thomson Reuters, 62% of S&P500 87 companies broke profits expectations.

In Asia, Japan’s largest-ever trade deficit quadruples in March and yen deepens its depreciation.

 ACF analysts are commenting on Spanish Indra awarded with the European Elections scrutiny contract. The company is confirmed as a global electoral development leader with more than 350 polls carried out across the world.

BANKIA. Fitch rises Repsol’s credit Outlook to positive and maintains its credit rating in BBB-. The Argentine Parliament is due to pass compensation agreement on Wednesday.  Repsol suffered a rating cut since YPF expropiation which made necessary an strategic plan priorities shake-up toward financial reinforcement. Bankia expects Moody’s to follow Fitch steps as it pointed out the relevant liquidity improvement brought by the bonds delivery.

SABADELL. According to the Bank of Spain, the defaulting rate reduced by 9 points to 13.59% (a drop in  past-due loans of €2BN. This is the smaller default rise since April 2011 and could demonstrate a trade change. As for results, if it keeps up, less provisions are foreseeable in 2S14.

About the Author

Ana Fuentes
Ana Fuentes is The Corner Editor-in-Chief. Currently based in Madrid, she has been a correspondent in New York, Beijing and Paris for several international media outlets such as Prisa Radio, Radio Netherlands or CNN en español. Ana holds a degree in Journalism from the Complutense University in Madrid and the Sorbonne University in Paris, and a Masters in Journalism from Spanish newspaper El País. You can contact her at: anaf[at]thecorner.eu

Be the first to comment on "Market chatter: well-rested European stocks are back to work"

Leave a comment