In a BofAML released today and entitled A Year Ahead Forecast So Bullish, It’s Bearish, analysts draw three main conclusions: S&P 500 expected to climb to 2800 next year, despite sharp mid-year correction; inflation could be a global game-changer for stock and credit markets, and global economic growth accelerates,while the U.S. GDP capped by productivity and wages
Unicaja Banco offers a good investment opportunity which we consider is interesting from a price angle. UC is trading at a discount close to 50% – in terms of Price/Tangible Book Value – with respect to the main domestic banks (Caixabank, Bankia and Sabadell).
Mapfre said last Friday that it will restructure its business in the US “to optimise its profitable growth structure and concentrate the operations there in a smaller number of states.”
The difference between top managers’ salaries in Ibex-35 companies and the lowest salaries in these same firms is on average 207 times, which shows the salary gap in Spain is increasing.
Venezuela has been the last to join the cryptocurrency trend by launchinng the so called “petro” in order to combat the US blockade. As reported by Chris Iggo, CIO Fixed Income, at AXA IM, “all the volatility in financial markets seems to have been transported into the virtual world of bitcoin trading”
The weakness in Ferrovial’s share price compared with that of its peers is largely down to the erosion in the construction division’s EBITDA margin. This has declined by 65% to 2.6% for Ferrovial Agroman, and it’s not expected to recover until the beginning of 2019.
November manufacturing PMIs published last week recorded very strong levels in Europe and the US. The rest of the world showed increased levels with only a few exceptions. For Julius Baer’s analysts “this continues to signal that global growth momentum will remain solid in the first quarter of 2018, with world trade gaining traction as a main driver.”
Spanish banks have returned 1.5 billion euros in cash to more than 350.000 people affected by the floor clause, with whom the lenders reached an agreement after they filed a claim. This is according to figures presented by the banks at September 30, via the Commission which was set up last April to monitor the issue.
Why do Americans think Trump’s tax plan will benefit them if even Treasury secretary, Steven Mnuchin, referred to the projected economic growth of up to 6%, as “optimistic”?
Ainslie Noble via Atlantic Sentinel | Catalonia’s independence referendum has aroused separatist sentiment north of the border, where a Catalan-speaking minority has long been content to live under French rule.