Telefonica Holds Up Well In The Stock Market After Dividend Cut

Telefonica’s stock price held up much better than expected after the multinational announced it will cut its dividend this year and next. The shares finally closed down 1% after falling as much as 4% in the first few hours of the session. It seems that investors have understood that, on the one hand, it is the company’s best option for reducing debt; and, on the other, that the dividend yield is still very attractive.

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Spain’s Employers Organisation, Trade Unions Negotiate Wage Rises

Everyone seems to agree that salaries need to be increased in order to activate and maintain economic growth. That said, the differences between trade unions and businessmen is abysmal. And even though Spain’s economy may be growing at 3.1% in 2016, the country’s average wage has barely risen by 232 euros over the last 15 years.


Can Politics Mess It All Up?

AXA IM | While the magic of Mario Draghi was being fully played out, the economic and financial outlook looks on an improving path to recovery in a post-crisis world. Clouds in this blue –but not entirely clear– sky may emerge from the political sphere.

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