Top Stories

Articles by The Corner

About the Author

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.
US labor market

World economy 20th May 2021

More US Jobs Available Than At Any Point In The Last 20 Years. What’s Going On In The Labour Market?

Felipe Villarroel (TwentyFour AM)| The latest batch of NFP data for April showed the biggest miss we can remember in terms of jobs created (266k versus an expected 1m), and taken at face value muted wage pressures as measured by average hourly earnings (AHE). At the same time, the likes of McDonald’s and Burger King were paying people just to attend interviews as they could not fill the positions they needed to operate their restaurants properly. So is this a case of subdued demand in the labour market with companies not hiring, or subdued supply with workers for whatever reason unwilling to fill vacancies?

Bank of Canada

World economy 19th May 2021

Headline Inflation Overshoots, But Not A Concern Yet For The BoC

Monex | Today’s CPI release saw headline inflation rise from 2.2% in March to 3.4% YoY in April. The print was marginally higher than expectations, which sat at 3.2%, but despite the figure exceeding the Bank of Canada’s 2% target, it won’t cause concern among the Governing Council just yet. This is because base effects had a large part to play in the increase in the 12-month figure as prices…

catalonia efimera

Spanish Politics 19th May 2021

Separatist Parties Agree To Form New Government In Catalonia

Nick Ottens (Atlantic Sentinel) | Catalonia’s leading pro-independence parties have reached an agreement to install Pere Aragonès as regional president. Aragonés has been acting president since September, when Quim Torra of the center-right Together for Catalonia (Junts) was forced to step down. Aragonès’ Republican Left won the election in February. The agreement comes after three months of negotiations during which the Republicans raised the possibility of forming a minority government…

exports gorgeous

Spanish economy 19th May 2021

Spanish Exports Have Returned To Pre-Crisis Levels After Growing 30% In March

T.C. | Data on Spanish exports during the first quarter of this year, released yesterday by the “Exporters’ Club”, shows an upturn of 4.9% to 72.307 billion euros. This is 7.9 points higher than the rate for the same period in 2020, which was -3%. So Spanish exports of goods are already at the same level as in 2019. In fact, in March the increase in exports from Spain (29.9%)…

siemens gamesa

Ibex 18th May 2021

What If Siemens Energy Wants To Eat Up Siemens Gamesa?

Bankinter | For weeks, financial circles have been hovering around the idea of the German giant taking full control of the subsidiary. The market is speculating on a possible stock market exclusion of Siemens Gamesa, in which it currently holds a 67% stake, according to Expansion. As said by the same sources, the CEO of Siemens Energy commented that “it is not currently on its agenda”. The remaining 33% of the capital would represent at market prices some 5.833 billion euros.

stoxx600 portada

European economy 17th May 2021

Euro Stoxx 600: Earnings Per Share Up 90%.

T.C. | The quarterly corporate earnings season is now in its final phase, both in Europe and on Wall Street. And the season can be described as excellent, with most companies outperforming analysts’ expectations and being very positive about the future of their businesses. So far, 91% of the S&P500 has reported, with 77% of companies beating market estimates in Revenues, (+12.9% vs +8.6% expected by the consensus). Meanwhile, 87%…

Arrimadas

Spanish Politics 17th May 2021

Ciudadanos’ Dilemma: To Be Or Not To Be

Fernando González Urbaneja | If it is not easy to give birth to a party, burying it with dignity can be just as complicated… or more so. Ciudadanos was an exciting political project born in Barcelona as a reaction to (unconfessed pro-independence) nationalism and the connivance of the constitutionalist parties, PSC and PP. Ciudadanos was the other, cleaner way (without history). It was accepted in Catalonia and exported the model…

spain ecommerce

Spanish economy 17th May 2021

18 Projects To Launch The Spanish Sandbox

T.C. | Of the 67 projects submitted in the first call for proposals for the Spanish sandbox – the testing ground for financial innovation – 18, one in four, have received the green light. Spain wants to promote the digital transformation of the financial system with a testing environment, allowing trials to be carried out without the rigid regulatory restrictions. But with strict supervision by the Bank of Spain, the…