Sheng Songcheng and Shen Xinfeng via Caixin | Speculation has flared up that the People’s Bank of China (PBOC) is considering buying stocks. But there are no valid reasons for the central bank to buy shares directly or through exchange-traded funds (ETFs) that track indexes or baskets of stocks.
The Spanish Government will not prolong the useful life of any of the nuclear plants in Spain beyond 40 years, so that it will prioritise the closure of plants of this period. To incentivise the closure of these plants, it has proposed giving the owners more fiscal advantages when obtaining permits for developing renewable energy.
The British/Spanish company carried 112.9 million passengers last year, an increase of +7.7% over 2017, and with a load factor of 88.3%, an increase of +0.7%. Iberia achieved a year on year increase in traffic of 11.7%. As well as Iberia (including Iberia express), two other airlines of the group, Aer Lingus and Vueling, contributed to this growth with a 9.8% increase in traffic, while British Airway’s traffic increased 3.3%.
Tecnicas Reunidas has announced it has secured the tenders for three contracts at the close of 2018 for around 1 billion dollars (870 million euros). The new tenders are the most positive aspect in recent months. In the middle of November a new contract was also announced for 1.27 billion euros.
The French say: “The absent are always in the wrong.” The saying is quite correct, at least as far as the unification process in Europe is concerned. Greece has been a member of the European Union for almost four decades but, sadly, the parochialism of the Greek political elite (bar a few exceptions) has been a main feature of the country’s participation in the project.
Electricity futures predict that high energy prices will continue into 2019, after a 2018 which closed as the second year with the highest average price in the electricity market since 1998, and foresee a rise in the “pool” for this year of around 8% compared to last year.
It seems natural to answer yes, but I have never completely believed it, despite the statistical forecasts which say it will. China is a giant economy with feet of mud. Looking at the evolution of the US towards its privileged position, China seems nothing like it.
The commercial tensions between the US and China and the signs of a slowdown in China will surely serve in 2019 to justify the return of volatility to markets and conceal an aspect which, for Intermoney, will again be really important at the beginning of 2019: the movements of sovereign funds.
We begin the year with a cheap PER at 12.2 times Ebitda profits. But everything will depend on whether the demanding estimations of forward BPA are met, according to experts at Alphavalue. Furthermore, the sectorial disasters in 2018 could be suitable opportunities for 2019.
2018 has been a turbulent year for the oil market. CaixabankResearch reflects on the recent trends in order to shed light on the key factors behind these sudden changes. This will help us to fine-tune the outlook for 2019.