Consumers are still happy… for now
DWS | In the face of persistent commercial tensions, the atmosphere in boardrooms has deteriorated much more than in homes.
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10 Themes for the Next 10 Years
BofAML | We enter the next decade with interest rates at 5,000-year lows, the largest asset bubble in history, a planet that is heating up, and a deflationary profile of debt, disruption and demographics. We will end it with nearly 1bn people added to the world, a rapidly ageing population, up to 800mn people facing the threat of job automation and the environment on the brink of catastrophic change. At the same time, 3bn more people will be connected online and global data knowledge will be 32x greater than today. The social, political and economic responses to these challenges, all heading to a boiling point this decade, will overhaul traditional paradigms.
Business in Spain at a glance
Círculo de Empresarios | In Q3 2019, the Competitiveness Trend Index 1of Spain fell by 0.8% in comparison to the EU-28. This confirms that, since January, the competitiveness via prices of the Spanish economy has improved due to the moderation of the CPI (0.1% interannual in October).
Personal data isn’t the ‘new oil,’ it’s a way to manipulate capitalism
Kean Birch (The Conversation)| If it’s us, the individuals, who are the assets, then our reflexive understanding of this and its implications — in other words, the awareness that everything we do can be mined to target us with adverts and exploit us through personalized pricing or micro-transactions — means that we can, do and will knowingly alter the way we behave in a deliberate attempt to game capitalism too.
45.6% of Eurozone’s corporate debt is BBB
The quality of corporate debt in EMU is deteriorating, data from the ECB point out.
A weak USD may signal a shift to non-US equities
As Peter Kinsella, UBP’s global FX strategist highlights, the US dollar bull market has likely run its course as we enter 2020. Indeed, since 1995, long-cycle inflections in the US dollar exchange range have coincided with long-cycle under/outperformance of US equities relative to non- US equities.
Brussels believes the extension of budget poses a risk for Spanish debt reduction
BancaMarch | The European Commission warns that Spain is moving away from the adjustment path and asks for measures that compensate the alignment of pensions with prices.
Car registrations in Spain fell 6.3% until October
In October, car registrations in Europe reached 1.21 million units, representing an increase of 8.6% year-on-year.
EU residential real estate: prices may remain strong in Germany, but should slow down in France
Credit conditions (credit volumes and mortgage interest rates) have generally contributed significantly to price increases, while economic growth and inflation have been a consistent, although less important, factor, researchers at Edmond de Rothschild point out.
Current account deficits in EU countries: Boon or burden?
Several European countries are running current account deficits, “an indicator that tends to be seen as negative, although they can’t necessarily indicate something worrisome,” says Levon Kameryan, sovereign rating analyst at Scope Ratings.