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Articles by The Corner

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
shipatport

Markets 18th October 2019

Don’t trade the trade war

Yves Bonzon (Julius Baer) | It is my long-held view that political noise is an exogenous factor that is hard to time. As long as we can remain sufficiently confident that the external shock is not triggering a systemic crisis or a recession, we must stay focused on the fundamentals and resist the temptations of exploiting the irrationality of a whipsawing market. And I still see a wealth of factors favouring a long-term uptrend of equities in a low-growth and low-inflation world.

 

European Banks

Ibex 17th October 2019

Mergers in the crosshairs of banks listed in Spain

Directors of the main financial entities in Spain took part in a financial encounter earlier this week. They spoke about mergers and acquisitions, how to generate shareholder value and banking profitability in a scenario of economic slowdown and negative interest rates.

johnson

In Europe 17th October 2019

New Brexit deal agreed

After long hours of discussions, the UK and the EU negotiating teams reached a deal before a meeting of European leaders in Brussels. The legal text (which you can read here) will still need the approval of both the UK and European parliaments.

Heathrow Ferrovial

Ibex 17th October 2019

A strategic problem for Ferrovial

Ferrovial is preparing, together with the French company SNCF, an offer for one of the high speed rail operator licences in Spain. In this way Ferrovial will compete with Renfe from December 2020.

 

boris johnson

In Europe 16th October 2019

Brexit: Here we go again – deal or delay?

David Alexander Meier (Julius Baer) | Thursday’s EU summit is the last date to secure a deal before Saturday’s ‘deal or delay’ deadline. Due to difficulties in finding a deal and parliamentary ratification, we rather expect a delay. We remain short-term Neutral on the pound given a delay and long-term Bullish, as the only way to Brexit is through a deal.

Germany workers

In Europe 15th October 2019

Why is the European motor losing energy?

Caixabank Research | Having grown at an acceptable 2,8% in 2017, Germany slowed sharply in 2018 and, in the last four quarters, interannual growth has on average been a miserable 0.8%. In the second quarter, in fact, growth was negative, and everything point to this tendency being maintained in the third quarter, which would mean entering a technical recession. Below we analyse why.

separatists leaders

Spanish economy 14th October 2019

Spain’s Supreme Court condemns Catalan separatist leaders to 9-12 years

The Catalan process has been one of the major causes of friction in contemporary Spanish history. After two years of judicial process, Spain´s Supreme Court has considered proven that during Autumn of 2017 there were “undoubted episodes of violence” in Catalonia, but does not think these sufficient to condemn the separatist leaders for rebellion, as sought by the Public Prosecutor.