Bankinter | We maintain the Neutral recommendation. Our valuation for the Spanish stock index points to 10,005 points, which represents a potential of 4.6% as of Dec-20 and an estimated dividend yield for the 4.5% index, the highest among the indexes analyzed.
Santander (SAN) Brazil on Friday closed the agreement to buy the remaining 40% of Banco Olé Consignado for 355 million euros.
Libby Cantrill (Pimco) | We’ve seen a significant reduction or even outright elimination of many of the downside risks that have created clouds of uncertainty both in Washington and in financial markets over the past several months. The most substantial clarifying event was the announcement of the Phase 1 deal between China and the U.S.
C. Rendu de Lint (UBP) | On the one hand, we have Mr Hyde: the uncertainty that surrounds the US–China trade talks which is impacting world trade. On the other we have Dr Jekyll: world growth is holding up to the tune of 3% for 2019, which is close to its six-year average.
Intermoney | The week that begins will be shorter than usual to be marked by the Christmas holidays. Thus, European stock markets will open only on Monday 23, Tuesday 24 half session and Friday December 27, while Wall Street stock markets will open on Monday 23, Tuesday 24 (half session), Thursday 26 and Friday, December 27. We believe this week could be quite positive for Western markets, as the picture has been clarified enough in the two sources of uncertainty that have been determining in the evolution of the markets, i) the commercial conflict, and ii) Brexit.
Círculo de Empresarios | The Bank of Spain forecasts that the Spanish economy will embark on a gradual path of deceleration until 2022, and therefore maintains its 2% and 1.7% annual growth forecasts for 2019 and 2020, respectively. GDP growth rests on the back of positive evolution of domestic demand owing to the healthy wealth situation of households and companies, and a monetary policy that is accommodative. In contrast, the external sector loses dynamism as growth in exports is less than imports in an environment rife with global uncertainty.
Peter Isackson (Fair Observer) | Some 60 or 70 years after achieving political independence, the “global south” must liberate itself from the latest form of colonization.
DWS | The USA is a divided nation. This idea has been repeated for some time in reference to American politics and society. However, since the end of the financial crisis, this division is increasingly palpable also in the economic sphere.
Morgan Stanley | Our estimates of Naturgy (NTGY) for 2022 are 18% below the objectives set by the company. This is due to our negative vision in LNG and in Latin American currencies.
In Spain, the harmonized inflation rate in November stood at 0.5%, three tenths more than in October