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Articles by The Corner

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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.
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Markets 13th August 2026

Tech giants’ CDSs trigger warnings over AI debt

The surge in CDSs is raising concerns about the sustainability of the current AI investment model, particularly given the high level of spending and the pressure this is beginning to exert on free cash flow Consejeros Editorial Team The growing indebtedness of the major US hyperscalers to finance the expansion of artificial intelligence (AI) is driving up demand for protection against a potential deterioration in their credit quality. The widening…

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Ibex 13th August 2026

ArcelorMittal remains Morgan Stanley’s preferred way to invest in European reindustrialisation

Morgan Stanley analysis Alain Gabriel (Morgan Stanley analyst) reiterates that ArcelorMittal remains his preferred way to invest in European reindustrialisation, highlighting its base of approximately 30 million tonnes of shipments in Europe and its spare capacity, which provide it with scale and flexibility. He notes that fiscal support and an increasingly assertive industrial policy under the “Made in Europe” concept – including local content requirements in public procurement, greater supply…

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In the World 13th August 2026

US CPI gives no cause for concern, easing by 1/10 percentage point in July to 3.4%

The US CPI for July, the key indicator of the week, came in entirely in line with expectations: month-on-month 0.1% (against 0.1% expected and negative 0.4% previously), month-on-month core 0.2% (compared to 0.2% expected and against 0.0% previously), year-on-year 3.4% (against 3.4% expected and against 3.5% previously) and core year-on-year 2.5% (against 2.5% expected and against 2.6% previously). Report by Intermoney On Wednesday, we saw the week’s key figure, the…

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In Spain, Spanish economy 13th August 2026

Spanish inflation up to 3.6% in July due to rising fuel prices

Consejeros Editorial Team The rise in fuel prices has caused inflation to rise by four tenths of a percentage point in July, bringing the Consumer Price Index (CPI) to 3.6 per cent, according to final figures published by the National Statistics Institute (INE). In fact, the Government has announced that the reduction in the hydrocarbon tax applicable to diesel will rise to €0.20 per litre in September, compared with the…

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Ibex 13th August 2026

Ibex 35 closes virtually unchanged at 20,204 points, after coming close to new all-time highs

Consejeros Editorial Team The Ibex 35 closed virtually unchanged on Wednesday, down 0.05% to 20,204.4 points, having hit a new intraday high of 20,307.6 points during the session. The index briefly moved into positive territory following the release of US inflation figures, but lost momentum in the final stages of trading. So far this year, it has risen by 16.78%.Among the day’s top gainers was Solaria, up 2.75%, followed by…

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In the World, World politics 13th August 2026

Trump extends suspension of ‘Jones Act’ once again to ensure access to essential resources

Consejeros Editorial Team President Donald Trump has decided to extend the exemption from the Merchant Marine Act of 1920, known as the ‘Jones Act’, for a further 90 days, with the aim of ensuring that the country’s armed forces and key industries ‘maintain uninterrupted access to essential resources’. This is the second extension of the exemption from the law, which stipulates that only US-flagged vessels may be used to transport…

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In the World 12th August 2026

2030 Agenda falling short of targets: no country on track to meet food emissions goal

A United Nations analysis of 197 countries warns that the current pace of transformation of food systems is insufficient and calls for accelerated policies, investment and public-private collaboration. Consejeros Editorial Team Most countries are not progressing at the pace required to meet the international targets of the 2030 Agenda relating to food systems. This is revealed by a new analysis assessing the progress of 197 countries across 44 indicators related…

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In the World, Markets 12th August 2026

Market pricing in 50% probability of rate rise of up to 375–400 basis points at next Fed meeting

Report by Renta 4 The markets opened without any major movements in Europe (Euro Stoxx futures virtually flat) and slightly up in the United States (S&P futures up 0.1% and Nasdaq flat), following another calm session yesterday on the main stock exchanges, with a better tone in Europe (up 0.24% Euro Stoxx 50) than in the US (down 0.32% for the S&P 500 and down 0.60% for the Nasdaq), given…

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Companies, Markets 12th August 2026

Cox makes headway in Guatemala with new $126 million energy project

Consejeros Editorial Team Cox has been awarded a new battery energy storage system (BESS) project in Guatemala worth $126 million, strengthening its presence in one of the markets with the greatest potential for the development of sustainable energy infrastructure in Central America. The company has explained that the project will have 76 MW of generation capacity and 27 MW of allocated power, secured under a long-term public tender for electricity…

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Markets 12th August 2026

Europe’s last quarter of results best in many years, according to Morgan Stanley

Morgan Stanley Analysis The strategy team once again highlights that this has been one of the best earnings seasons in years. Analysing the reaction of Morgan Stanley Research analysts to the published figures, there is a clear bias towards beats; on balance, 48% of reactions point to positive surprises (compared with 26% in Q1). The picture is similar if we focus on the impact our analysts expect the figures to…