José Ramón Díez Guijarro (Bankia Estudios) | Fortunately, in the EMU, with the exception of the second half of 2014, when the expected inflation expectations traded by the five year German bond reached negative territory, this deflation risk seems much more contained. This could be the principal difference between the European and Japanese economies.
Jean Abi Nader via Fair Observer | The challenges of sustainable economic growth and meaningful employment are common throughout the Middle East and North Africa.
After a period of gloomy macro data, market watchers are starting to see the light. According to Allianz research, the share of “bulls” has increasedfrom around 30% at the start of the year to currently 54% net. At the same time, the volatility index is some 20% below its historical average, in spite of the much greater uncertainty facing the world economy.
José Benito de Vega | MasMovil has traded in the continuous market since July 2017, although it has done so since April 2012 in the alternative stock market. Since it began to trade in the continuous market it shares have doubled in value, even though during the last year it had seen ups and downs, falling 25% in the last 12 month compared to a fall in the Ibex of 3% in the same period.
Banc Sabadell | Telefonica will decide in the coming days between the binding and final offers it has on the table, namely Digital Realty, Equinix and Brookfield’s. The price would be around 500/600 million euros. The Spanish tech company has 23 data centers in 9 countries.
M&G Valores | A sustained annual growth in profits of 4% is well below that of previous bull cycles in the stock market, but seems realistic in the current situation. We have on one hand the modest growth of developed economies (secular stagnation), and on the other the composition of the Ibex dominated by regulated sectors, with modest growth, and the banks.
A posible rise in the tariffs on cars imported into the US from Europe could reduce the profitability of the main carmakers in the European region and force executives to change the the production plants of certain models of vehicles, a report by S&P points out.
Axel Botte (Ostrum AM) | Equity markets resumed rising last week. European indices gained as much as 2.5%. The rebound in bank stocks appears traceable to Mario Draghi’s comments hinting at possible changes to the deposit facility rate scheme. Equity markets were also upbeat in Asia and in North America.