Iberdrola will build its next wind farm in Spain, the Herrera Complex, with the most powerful onshore wind turbine, after awarding Siemens Gamesa the contract to supply the first SG 4.5-145 wind turbines, with a 4.5 MW power unit; which is almost seven times more powerful than the first wind turbines installed in Spain more than two decades ago.
Portugal’s political stability and its government’s renewed commitment to consolidate public finances will keep its public debt ratio on a firm downward path, in contrast with Spain and Italy. Portugal’s economic and fiscal adjustment since the crisis has been impressive, says Scope Ratings.
The People’s Bank of China pumps 1.2tn yuan into the financial system to protect the economy from the coronavirus Global stocks extended their rally last week despite concerns that the coronavirus will slow global growth. Experts at Julius Baer continue to argue that stocks are susceptible to a short-term correction and consider any weakness as an entry opportunity for long-term investors.
CaixaBank Research | Spain’s boom in international tourism between 2011 and 2016 coincides with a long period of instability suffered by Egypt and Tunisia following the Arab Spring of 2010, as well as the episode of insecurity suffered by Turkey between 2015 and 2016. This reduction in competition for Spain helped its number of international tourist arrivals to rise at a considerably fast rate of 6.1% per year. This beneficial situation for the Spanish market came to an end in 2018 as we explain here.
Danish state railways company DSB confirmed it has chosen Talgo to supply eight standard coach formations as a result of an international competitive tendering process. The train is an iteration of the Talgo 230 conventional intercity platform, the same already chosen by the rail transport giant Deutsche Bahn only some months ago.
The ECB purchased €20.3bn of QE assets over Jan. Only 61% of the purchases were done in public sector bonds, much lower than the 80% average over 2016-18. This confirms the view of BoA Global Research that QE will now be more focused on corporates & covereds. The country breakdown of monthly PSPP is much more volatile now. In CSPP there are interesting secondary and sectorial flows.
Timothy Joseph via The Conversation | The U.S. Senate has made its judgment in the impeachment trial of President Donald Trump, acquitting the president. This process recalls the ancient Roman senate’s compliance with the autocratic rule of the emperors and its transformation into a body largely reliant on the emperors’ whims.
Christian Gattiker (Julius Baer) | Policymakers in China made a credible move in their attempt to regain control over the current situation. After injecting liquidity into financial markets, they announced the potential for a cure/vaccination available soon and later cut some tariffs on US imports. Fear-stricken markets took a sigh of relief.
Compared to the SARS epidemic, it is clear that the way in which China has responded to this virus is a major departure from its posture back in 2003. It is clear that Beijing has learned its lessons. This time, the Chinese government informed the World Health Organization on December 31 about the new virus which had been identified on December 26. With the SARS crisis, they did not report the virus to the WHO until four months after the first case was detected.
Bankia’s results were much better than market expectations, however, there are some uncertainties about its share price. The bank has achieved a profit of € 542 million, 23% less, with experts expecting a greater adjustment due to the bank’s efforts to get rid of unproductive assets.