By Libby Cantrill President Donald Trump is in the French Alps this week to attend the annual G7 leaders’ summit, where one of the main focal points will be the recent memorandum of understanding (MOU) between the United States and Iran. Although the details of the agreement have not yet been made public, it reflects a fragile truce – one that is politically welcome for Trump, whose approval ratings have…
Approximately 1.6 million workers miss work every single day. This means that around 7% of Spain’s employed population is absent from their jobs daily. The majority of these absences are justified, according to data provided by the employers’ association CEOE: 1.4 million of them are accompanied by a temporary disability leave (IT, by its Spanish acronym)—what we commonly call medical leave. According to the association, the expenditure on benefits and…
Reported by Consejeros Editorial Team The Spanish oil services company has been awarded two major projects for the engineering, procurement and construction of upstream facilities for the production management of an oil field in the Middle East, as reported by the company to the National Securities Market Commission (CNMV). No further details of the works have been disclosed, not even the contract value, due to confidentiality requirements; the company has…
The mortgage market in the Netherlands is one of the largest in Europe relative to its GDP, offering significant potential with a mortgage loan volume in the system of around €900,000 M by the end of 2025. Report by Renta 4 Bankinter has reached an agreement to acquire 100% of the share capital of Tulp Hypotheken Holding B.V., a Dutch platform specialising in mortgage brokerage and financing. The completion of…
The rally in the main European indices triggered by the preliminary agreement in the Middle East appears to be moderating whilst further details on its terms are awaited. The IBEX 35 rose by 0.7% and the Euro Stoxx 50 closed up 0.4%. In the Asia-Pacific region, the Hong Kong Hang Seng recorded the sharpest fall (1.4%), whilst the Japanese Topix fell by 0.2%. In China, consumer spending and investment plummeted…
Spanish investment funds achieved an average return of 1.78% in May and 7.68% over the past 12 months, with assets under management increasing by €9.7 billion. Jefferies Analysis May saw another strong performance, with assets under management (AUM) in Spain rising by 2.1% month-on-month, representing an increase of €9.7 billion, mainly due to positive market effects (1.78%), driven by modest fund inflows (€1.9 billion). In the current environment, investors continued…
Report by Renta 4 European markets open largely unchanged (Eurostoxx futures down 0.03%, S&P futures down 0.1%, Nasdaq futures down 0.2%), following gains in the US (Nasdaq up 3% and the Dow Jones hitting new all-time highs) and Asia (Japan’s Nikkei up 0.6% and South Korea’s Kospi up 2%), and amid doubts surrounding the agreement between the US and Iran. On the central bank front, the Bank of Japan (BoJ)…
“The ECB has raised rates to 2.25%. A widely anticipated decision, with few surprises and a stagflationary outlook… The debate now centres on the ECB’s next moves. Our economists believe this is the last hike of 2026, whilst the markets continue to price in a further hike in September and a third in early 2027”. By Antonella Manganelli By Antonella Manganelli, CEO of Payden & Rygel in Europe | The…
Reported by Consejeros Editorial Team In the referendum held this weekend in Switzerland, the public has rejected a 10-million population cap, which would effectively have meant tighter controls on immigration. The referendum, which was rejected by a 55% to 45% margin, has brought great relief to the business community, which saw it as a threat to the free movement of people with the EU, its main market. The initiative by…
Analysis by Juan Carlos Ureta The stock markets have passed the test of SpaceX’s mega-IPO with flying colours, but what is most interesting is not so much that they have passed this test, but the sense that the financial markets are ready to face the investment cycle that lies ahead, a cycle in which financing needs are set to reach a scale never seen before. We are facing an economic…