The year that has just started looks like one of those textbooks opportunities which appear by magic at the beginning of a new year. The banking sector has risen strongly, only beaten by Metals&Mining and Automotive. For Alphavalue’s experts this ranking suggests we are not facing a shift in fundamentals. All the protagonists in the banking sector are clearly confirming that it’s not just a case of rediscovering a handful of quality names.
Sacyr announced yesterday that it will pay a scrip dividend, so that shareholders can choose between a cash payment of €0,052 per share or receive one new share for every 48 currently available.
Despite bitcoin has plunged below $10,000, almost halving in value from its peak price near $20,000 in late December, it is undeniable that alternative currencies are gaining attention against fiat currencies. However, as reported by Flossbach von Storch they all lack one characteristic absolutely necessary for money to have value over the long term: its existence as a commodity that has intrinsic value or can be changed into one that does.
Ryanair’s share price rose 85% in the period between the Brexit vote and August 2017. But over the last few months, it has seen falls which have brought it close to the minimum levels reached immediately after Brexit.
Yesterday, the European Parliament asked for the EU’s renewable target for 2030 to be increased to 35% compared with the current 27%. The move is part of the community bloc’s efforts to meet the commitments included in the Paris Agreement.
Spanish households reduced their savings efforts marginally in the third quarter of 2017. Despite the Spanish banks’ attempts to offer positive returns on deposits against a backdrop of negative interest rates from the ECB, families are looking for greater returns from other kinds of financial assets like investment funds.
Nick Ottens via Atlantic Sentinel | The liberal Citizens party has risen to the top of the polls in Spain, receiving 26-27 percent support in two recent surveys against 23-25 percent for Prime Minister Mariano Rajoy’s conservative People’s Party.
An average user’s electricity bill rose 10.8% in 2017 from a year earlier, according to Facua-Consumidores en Acción (Consumers in Action). Whatsmore, Facua denounces the “brutal” 16% increase in tariffs for energy consumed.
Basque wind turbine manufacturer Siemens Gamesa will supply the turbines for Cepsa’s first wind farm in Jerez de la Frontera (Cádiz), the company said on Tuesday.
Today we will have Eurozone CPI data, without any surprises on the horizon. The average EMU CPI rate will come in at 1.5% in 2017 compared with 0.2% in 2016. This is after a year when the annual inflation rate actually reached 2% in February when the increasing effect of energy prices was at its most aggressive.