Percentage of population at risk of poverty or social exclusion in Spain rises to 26.5%, according to INE

The percentage of the Spanish population at risk of poverty or exclusion rose half a point in the last year to 26.5%, while the population with “severe material and social deprivation” climbed to 9%, the highest rate since 2014 and 1.3 points higher than the previous year, according to the National Statistics Institute (INE). With this, severe poverty has shot up to its highest level in a decade, mainly due…

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Utilities have lower positioning in both European and international funds; Iberdrola one of 35 companies with lowest position in Europe

Morgan Stanley| The SX6P has had the worst start in relative terms since 1986 (-10% versus SXXP YTD) as a result of the fall in energy prices. Last week our strategy team published an update of the European sector positioning tracker and one of the conclusions is that Utilities is one of the sectors with the lowest positioning by both European and International Funds. ENEL, National Grid and Iberdrola are…

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Japan’s January inflation eases for third month in a row to 2.2% vs. 2.6% previously due to mirror effect in energy prices (-12.1%)

Bankinter : January CPI in Japan reaches +2.2% year-on-year vs. +1.9% expected and +2.6% previous. Underlying: +3.5% vs. +3.3% expected and +3.7% previously. Analysis: The price indicator decelerates for the third consecutive month, although it defies expectations in both readings. This slowdown is mostly due to a mirror effect in energy prices (-12.1% year-on-year). Since, after the strong rebound in energy, as of February 2023, the government implemented subsidies to…

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“In banking funds, there are sales targets and conflicts of interest”

Fernando Rodríguez| “The big picture of Indexa is that we aspire to be the leading independent asset manager in Europe” says Ramón Blanco, founder and director of Indexa Capital Group Q- What is the equity story or investor proposition of Indexa’s shares?A- What is listed is Indexa Capital Group, and underneath it hang three operating companies: Indexa Capital – a broker-dealer, the French insurance broker Indexa Courrier d’assurance and the…

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“How many mobile operators are there in the United States? Three. How many are there in Europe? We are almost in triple digits”

According to Jordi Gual, director of Telefónica Brazil and chairman of VidaCaixa, the biggest problem of the single European market is precisely that, “we still don’t have a single market. Neither in banking, nor in energy, nor in telecommunications… Nor have we created a single risk-free European asset, which is fundamental in the financial markets”. In the next issue of Consejeros, the former chairman of Caixabank gives his forecast for…

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