Funcas| The CPI rose by 0.6% in June, well below the 1.9% increase recorded in the same month last year, which has cut the year-on-year inflation rate by 1.3 percentage points to 1.9%. Inflation remains below 2% for the first time since March 2021. Core inflation moderated to 5.9%. The decline in the headline inflation rate was mainly due to the pass-through effect in energy products. Recent months have also…
Link Securities| The Europa Press agency reported yesterday, according to a statement from the stock market regulator, that the National Securities Market Commission (CNMV) has opened disciplinary proceedings against two directors of the Ecoener group for financial assistance during the company’s flotation on the stock exchange. Specifically, the CNMV has opened this case owing to the financing granted to two shareholders on April 29, 2021 for the subscription of shares…
Banca March: The European Union’s legislative chamber has finally approved the European Chip Law, with which the EU aims to double semiconductor production to 20% of its global production and thus reduce the trend of Taiwan and South Korea with respect to this technological component. The law is organised in three pillars and aims, in addition to increasing Europe’s chip manufacturing capacity, to consolidate its leadership in semiconductor research and…
The CEO of Repsol, Josu Jon Imáz, took part on June 22 in a debate organised by the newspaper El Correo, and took the opportunity to warn of the hypocrisy, inefficiency and paradoxes of European energy policy.For example, in Spain it is forbidden – by law – to explore for and produce natural gas “and at the same time we are encouraging companies to bring gas from the United States,…
The Government has given the green light this Tuesday in the Council of Ministers to the Public Employment Offer (OEP) for the year 2023. A record number of 39,574 vacancies in total, 16% more than those offered last year. This was announced by the Minister of Finance and Public Administration, María Jesús Montero, at the press conference following the Council. The government has finalised the offer after receiving the approval…
In the first quarter of this year, non-financial companies as a whole have just recovered the figure for dividends paid out prior to the pandemic: almost €84,000 million in dividends, taking the cumulative figure for the last four quarters. This is only 750 million less than in 2019, according to El País newspaper, based on data provided by the Bank of Spain. However, if only the amounts for the first…
Banca March| The Fed has proposed, in its role as supervisor of the US banking sector, to apply stricter controls on capital levels to a larger number of institutions. This role will include, according to the new plan, those financial institutions with assets of at least $100 billion. According to Michael S. Barr, vice-president for supervision, with this new threshold, a greater number of institutions will be subject to stricter…
In monthly terms +0.3% month-on-month vs. preliminary +0.3% month-on-month and from -0.1% previously. Underlying inflation ( excluding energy and unprocessed food) +5.8% year-on-year vs. preliminary +5.9% and up from 5.4% previously. Analysis team’s view: Inflation confirms the rebound in June, after three months of moderation. Although food prices are the main cause of the increase, the underlying rate also rises due to services prices. It highlights the persistence of inflationary…
Renta 4| The winter season runs for five months, from November to March. Iberia has programmed a level of connections for next winter (November 2023/March 2024) to the American continent that is 17% higher than in 2019. The big leap will take place in the US, with 90 weekly flights and 24% more capacity. In Latin America, Iberia intends to increase supply by 14% more than before the pandemic. On…
This is how the pro-Sánchez daily El País summed up the debate that took place yesterday, at 10pm, between President Sánchez and the leader of the PP, Nuñez Feijóo, who is several points ahead of the PSOE leader in all the polls. And yesterday’s debate is not going to change the trend. A nervous, unfocused Sánchez refused to sign the proposal made by the leader of the PP for the…