On Friday Grifols presented the results of its AMBAR (Alzheimer Management by Albumin Replacement) (phase IIb/III) study in Barcelona. AMBAR is an innovative possible treatment based on the therapeutic properties of plasma which has shown, statistically significantly, its effectiveness in slowing the progression Alzheimer in moderately affected patients.
Jair Bolsonaro, a right-wing populist, is the favourite candite to become Brazil’s next president against Fernando Haddad, the nominee of the Workers’ Party. Polls point Bolsonaro is ahead by 11 points. In this context, Brazilian public debt is at 77% at present. This is what analysts at AXA IM say about Brazilian’s “explosive” public debt issue.
Mari Pinardo | The financial and stock market situation of the banks has returned to the front page after the Supreme Court decided, re-decided and then postponed its sentence on who ought to pay the stamp duty on mortgages. The decision has caused our banks to lose 9.066 billion euros in stock market capitalisation in a week.
Bankinter has been the first Spanish bank to publish its results. The bank´s shares have risen a modest 0.11% despite the good evolution of its business in the first nine months of the year. In this period profits increased by 7%, its ROE increased to 13.0 and its non- performing assets improved to 3.2%.
The post-2009 bull market in the S&P 500 is now just over nine-and-a-half years old and counts as the sixth to emerge since 1970. As pointed by Simon Derrick managing director of BNY Mellon, “where the current bull market does differ from the pattern set over the previous five is in the lows set for three-month realized volatility.”
Even though Iberdrola reported net profits of €2.09 Bn in the first nine months of 2018, which means 13.5% less than in the same period of 2017, the group’s net ordinary profits, excluding extraordinary incomes, represented 38% more up to €2.05 Bn. The company also explained its hydroelectric and nuclear assets are not completely amortised.
Of the total of this initial loan, 3 billion euros will remain in the company, 2.2 billion will be repaid in the short term through asset disinvestment like the sale of Hispasat and 29.9% of Cellnex (already completed in June), while another tranche of 4.75 billion will be financed with bonds.
Guntram Wolff via Caixin | The EU remains a long-standing ally of the U.S. — despite its trade surplus. The successful negotiations of European Commission President Jean-Claude Juncker has also helped to ease the EU-U.S. tensions, though the truce remains fragile.
e have been investigating how the vote of June 23 2016 has since affected the values of Britain’s trade with major trading partners. By comparing trade flows with a model of what UK trade flows would have looked like had the UK voted to stay in the EU, we can see that British exports to both EU and non-EU countries have taken a hit.