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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.

In the World 17th February 2026

US CPI surprises in January with overall rate moderating to 2.4% and core of 2.5%

Bankinter | The CPI surprised on the upside in January. The headline rate moderated more than expected to 2.4% (-0.3pp), while the core rate of 2.5% (-0.1pp) was in line with expectations. Bankinter analysis team’s view: The good performance of inflation allows for a dovish/loose monetary policy by the Fed, whose reference rate is currently in the 3.50% / 3.75% range. Despite this, the strength of recent labour market data…

In Spain 17th February 2026

Pedro Sánchez, who promised 183,000 homes in 2023, sets up “España Crece” fund to attempt building 15,000 per year

Yesterday, Sánchez presented the new “España Crece” (Spain Grows) fund and claimed it will mobilize €23 billion for housing construction at a rate of 15,000 units per year. Given that the Bank of Spain estimates a shortage of 700,000 homes in the Eurozone’s fourth-largest economy to resolve the housing crisis, at the current pace of “España Crece,” housing needs would not be fully met until around the year 2070. Sánchez…

Companies, Relevant News Item 17th February 2026

Enagás achieves 2025 targets: €339 million profit from capital gains on Soto la Marina sale, Sercomgas, Axent revaluation and update of GSP value

Renta 4 | The company’s revenues continue to be affected by the recording of the effects of the work carried out to seal the Castor wells (impact of €6 million on EBITDA). Regulated revenues are down due to the regulatory framework, in line with our forecast. EBITDA, reflecting a result from investees of €155 million, slightly higher than our forecast, and recurring operating expenses in line with 2024, slightly improves…

In Europe 17th February 2026

Eurozone industrial production falls 1.4% in December, confirming downturn at end of year

CdM | Eurozone industrial production fell by 1.4% in December on a monthly basis, below the 1.5% decline expected by consensus, according to the first estimate published by Eurostat on Monday. Across the European Union as a whole, the decline was 0.8%. Compared to November, when production had grown by 0.3% in the eurozone, the data confirms a deterioration at the end of the year. In addition, the previous figures…

Companies 16th February 2026

European Council calls for facilitating mergers in TMT sector

Banc Sabadell | The European Council has agreed to ask the European Commission to change the regulation on concentration in the TMT sector to facilitate mergers, which are necessary to boost innovation and investment in infrastructure. We note that the EC is in the process of approving the Digital Networks Act, although the draft disappointed the sector, as the measures envisaged to facilitate concentration are not forceful. Assessment: This is…

Companies 16th February 2026

Airtificial expands industrial reach to electric and hybrid trucks and buses with two contracts worth €3 million

Link Securities | The Airtificial Intelligent Robots division has signed two contracts worth a combined total of approximately €3 million for the design and manufacture of two advanced industrial automation lines for the manufacture of large electric and hybrid vehicles. The projects were awarded by two direct international suppliers based in the United States and China and were installed at the plants of two end vehicle manufacturers in Germany and…

In Spain 16th February 2026

Final CPI for January in Spain falls to 2.3% year-on-year compared to preliminary figure of 2.4%

Bankinter | The final CPI for January registered 2.3% year-on-year, down from the preliminary figure of 2.4% and from 2.9% in December. In contrast, the underlying rate remained at 2.6% annually, in line with the preliminary figure and that of December 2025. In month-on-month terms, the overall rate was confirmed at 0.4% down (0.4% preliminary) and the underlying rate at 0.6% down compared to the anticipated 0.5%. Analysis team’s view:…

Companies 16th February 2026

IAG preview: with sights set on 2026, more moderate growth likely; new buyback plan possibly to be announced

Renta 4 | IAG (IAG) will publish its Q4 25 results on Friday 27 February before the market opens and will hold a conference call at 9:45 a.m. Target price €5.30/share, Overweight. We expect traffic data to continue growing at a low single digit in Q4: capacity 2.3% and demand 2% compared to Q4 24 to meet its 2025 capacity target of 2.5% compared to 2024. We estimate that unit…

Companies 16th February 2026

Venezuela plans to grant Repsol and Chevron more oil exploration and production blocks

Link Securities | Venezuela plans to grant more oil exploration and production blocks to Repsol (REP) and Chevron (CVX-US), in a move that is part of the pressure from the Donald Trump administration for private companies to rebuild the country’s energy sector, according to Bloomberg and Bolsamanía. According to the US media outlet, officials in Caracas are ready to award the new blocks as early as this week. The aim…

Companies, Ibex 16th February 2026

CNMC asks Red Eléctrica to submit grid access capacity map before 20 February

Link Securities | The National Commission on Markets and Competition (CNMC) has given Red Eléctrica (REE), a subsidiary of Redeia (RED), until Friday 20 February to submit the so-called ‘map of electricity transmission network access capacity’, according to Expansión newspaper. In other words, the high-voltage network operator in Spain must detail which nodes are available to connect new electricity consumers, such as data centres. The CNMC is thus putting pressure…

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