via Atlantic Sentinel | The 2016 election was a turning point in American history. Cultural, political and regional differences have become so vast that the American political system is becoming unsustainable.
Fernando Rodríguez | In just three years real estate firm Colonial moved from being on the brink of bankruptcy to the preferred stock to capitalize the announced and definitive recovery of the property sector. After joining the Ibex35 and changing into a Socimi, the company’s appeal to investors has increased.
This month is the 20th anniversary of the start of the Asian Financial Crisis. Over these two decades, Asian economies have changed a lot: in 1997, Chinese GDP was around $780bn, about the same size as Switzerland. Last year, the Chinese economy grew by more than that amount.
Spanish labour market hits a new record: less than four million jobless people for the first time since 2008, according to Q2 Labour Force Survey. Figures of unemployment dropped by 340.000 between April and June to 3,914,300 people, therefore reaching a rate of 17.22%. Employment grows by 375,000 new jobs; working population increases to 18.81 millions.
Nick Ottens via Atlantic Sentinel | The president is losing support from voters who would be hurt by his reforms, but that is to be expected.
One of the most famous sentences in the history of the Eurozone turns five years today: “Within our mandate the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”. ECB’s chairman Mario Draghi words will be reminded for long as a balm to the euro crisis of 2012, but what real effect this discourse has had?
The construction company is studying a possible counter-bid for Abertis in order to improve Italian Atlantia’s offer price of 16.5 euros, but no decission has been made yet even though the Spanish Securities and Exchange Commission CNMV has already been notified.
The Fed signed five major swap arrangements with allied central banks that totaled more than $580 billion in 2008, whereas the People’s Bank of China signed more than 30 bilateral currency swap agreements valued at $490 billion in year 2017.
Analysts at Julius Baer think it is “comforting” to see that the bond market is efficient. In other words, they say that for German bond investors it is basically the same whether they invest in negative- yielding German Bunds or buy US bonds and pay for the hedging of the currency risk.
The metal industry is not performing well on the stock exchange in current year due to lower expectations about the US infrastructures investment plan and fears of contraction in China’s growth. Specifically, Acerinox has dropped around 14% in the last three months, while in the whole year lost near 5%. Analysts have been supporting the company with a recomendation of “hold” and buy”, but Citi has broken the tendency by downgrading to “sell” and cutting target price to €10.50 from previous €14.