Spain’s property market is consolidating its recovery in the residential segment, while commercial real estate is clearly in an upward trend. But the fact that Sareb still has a substantial amount of property assets to dispose of, some of them with discounts of over 50%, will keep a lid on prices for the time being.
BARCLAYS | If there is to be a June referendum on the UK’s membership of the European Union, an agreement between the EU and the UK on EU reform needs to be found this month. The 18 – 19 February EU summit is widely perceived to be seen as the best opportunity to strike a deal, though the possibility exists that a deal could be reached at a follow – up extraordinary summit, shortly after.
There are apparently two imminent threats to the world economy which is the reason why the markets have tumbled: the damage low crude prices could cause for investments in the oil sector and the global financial system, and the fact the fall in oil prices may reflect the sharp slowdown in China. But both of these issues seem cloudy.
French telecoms operator Orange got the green light from the regulatory authorities to sell its 50% stake in Everything Everywhere (EE) to British Telecom (BT). But it seems UK regulator Ofcom is now prepared to use all the means at its disposal to block the merger between Three and O2 UK (Hutchison-Telefonica).
W. Shuo, Z. Jiwei and H. Kan | Recently Governor Zhou Xiaochuan had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, and other topics. The following is an edited transcript of the interview. Caixin: The central bank convened its system-wide annual work conference in January. We learned that before the Spring Festival, the branch offices were studying the decisions adopted at the…
UBS | The distaste for value is back to the ‘growth love – in’ high of 2000. The valuation stretch between winners & losers (within a sector) has only been this high 4 times since 2000: 1) end of Tech bubble; 2) Mar 03 recession; 3) Mar 09 Financial crisis; and 4) Jul 12 ‘euro panic’.
Hebah Fisher | In the 1970s, the population of the United Arab Emirates (UAE) stood at 230,000. It is now 9.3 million with an economy that grew 230-fold, ranking presently as the 28th wealthiest nation in the world.
Yiannis Mouzakis via MacroPolis | Last July the conditionality of Greece’s third programme included savings of 1 percent of GDP from pensions. It did not require any major fortune telling skills to anticipate that this would soon lead the government of Alexis Tsipras into an extremely tense situation.
BARCLAYS | There is growing concern about the strength of the business cycle in Europe and globally. China continues to surprise to the downside, while markets are beginning to assign a meaningful probability of a US recession later this year. Markets are now wondering whether Europe’s growth outlook will remain unscathed
India has snatched away from Spain the fourth place in the global ranking of countries with the greatest installed wind energy capacity, after adding 2,623 MW over the year to reach 22,088 MW. With this figure, the Asian country’s capacity exceeds Spain’s 22,988 MW, becoming fourth in the world for wind energy installations after China, the US and Germany.