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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.
colonial REIT

Companies 27th December 2019

Colonial: Primed for further NAV and share growth – reinstate at Buy

BofA | Offices across Europe are enjoying a resurgence, owing to: i) rising property prices as prosperity and hence urbanisation increase in cities, ii) 2.6x faster growth in office-related jobs vs total employment across Europe as the economy becomes more service-oriented (70% of GDP); iii) office vacancy in the central business districts of Madrid, Barcelona and Paris standing 40% below the long-term average, resulting in a tighter supply/demand balance and driving up rents.

mercado de navidad

Spanish economy 26th December 2019

Spanish GDP growth in 4Q (0.4% t / t) validates the 2019 slowdown

BBVA Research | At the end of the year, the Spanish economy could register three quarters in a row of 0.4% growth t / t, below the growth observed since the beginning of the recovery (0.7% t / t, on average). In this context there is a stabilization of job creation, a volatile composition of demand and low inflation.

CUS China trade conflict

World economy 24th December 2019

YearEnd Tailwind: DeEscalating Policy Risks

Libby Cantrill (Pimco) | We’ve seen a significant reduction or even outright elimination of many of the downside risks that have created clouds of uncertainty both in Washington and in financial markets over the past several months. The most substantial clarifying event was the announcement of the Phase 1 deal between China and the U.S.

Global financial markets

Markets 23rd December 2019

Fixed-income management: uninteresting interest rates?

C. Rendu de Lint (UBP) | On the one hand, we have Mr Hyde: the uncertainty that surrounds the US–China trade talks which is impacting world trade. On the other we have Dr Jekyll: world growth is holding up to the tune of 3% for 2019, which is close to its six-year average.