Renta 4: European stock markets point to a new upward opening (EuroStoxx futures +0.27%) to end the weekly session in positive territory . On the bond market, in the US, the 2-year IRR rose more than 14 bps to 4.11%, while the 10-year rose c.+9 bps to 3.91% (3.90 this morning). In Europe, we also witnessed a rebound in IRRs, on average +6 bps, with the T-Bund at c. 2.25%…
CdM | In July, the fall in electricity prices caused inflation to drop six tenths of a percentage point, with the Consumer Price Index (CPI) falling to 2.8%, according to the final data published by the National Statistics Institute (INE). The moderation in food prices also contributed. The CPI is thus at its lowest level since February and has now fallen for two consecutive months after the rises recorded in…
CdM | The US Consumer Price Index (CPI) moderated in July to 2.9% year-on-year from 3% in June, according to data released by the US Bureau of Labor Statistics. Core inflation, which excludes food and energy, fell to 3.2% from the previous 3.3%. Both figures were in line with consensus forecasts. Inflation continues to moderate in the US, and the headline index is now at its lowest level since March…
CdM | The Eurozone maintained the pace of expansion in the second quarter, when gross domestic product (GDP) grew by 0.3% over the previous three months, according to the second reading of the data published by Eurostat, the statistical office of the European Union (EU), which coincides with the first estimate. Compared with the same quarter of the previous year, GDP increased by 0.6% in the euro area following growth…
Renta 4: Since 2020, the stock has accumulated four years of consolidation since 2012. These consolidation ranges are usually of continuity of the previous trend (upwards since 2012). Since March, the price has shown a striking robustness and faces the passage of the guideline linking the highs of 2007, with those of 2020 and 2022 at €3.70, above which it would confirm its good form. The narrowness of the price…
Link Securities | In relation to the financing, through a convertible bond programme, for a total amount of up to €45 million over 48 months, entered into between Oryzon Genomics (ORY) and Nice & Green SA, the company announces that the Investor has requested a conversion of bonds for an aggregate nominal amount of €880,000, at a conversion price of €1.7783 per share, representing 494,854 new shares of €0.05 par…
BancaMarch | On expectations of a slowdown in demand from China, OPEC downgrades its global oil demand projections for 2024 and 2025. In its monthly report released on Monday, the cartel forecast demand growth of 2.11 million barrels per day (mb/d) this year and 1.78 mb/d in 2025 (down from 2.25 mb/d and 1.85 mb/d previously estimated). In aggregate, according to the group’s forecasts, global demand for this year would…
Link Securities | Repsol (REP) has signed a partnership with Honeywell to create new production pathways for biofuels and circular materials, according to BolsaMania. The two companies will also explore the possible integration of these methods into Repsol’s existing facilities. They plan to expand and commercialise Honeywell’s technologies for the production of renewable chemicals and fuels at REP’s refineries. They aim to produce different biofuels, including sustainable aviation fuel (SAF)…
Alphavalue/DIVACONS | A Los Angeles law firm, The Schall Law Firm, filed a class action lawsuit against the Catalan company on Tuesday, based on allegations made earlier this year by Gotham City about its accounts. This comes at a time when Grifols is debating a possible takeover bid being prepared by the Grifols family in conjunction with Canadian fund Brookfield. Grifols shares dropped -5.38% yesterday. Grifols: Buy, Target Price €19.9/share.
Link Securities | The Ministry of the Interior has awarded Telefónica (TEF) two of the three lots of the public contract for the provision of telecommunications services for the Directorate General of Police for almost €138 million, according to the newspaper Expansión. Specifically, Telefónica has been awarded the lot relating to unified communications for the National Police for €112.49 million and the part of the contract relating to information and…