The number of unemployed people registered with the Spanish unemployment office rose by 22,801 (+0.6%) in September. Even so, the total number of jobless people remained at the lowest level for the last seven years at 3.720.297, according to a statement from the Employment Ministry on Tuesday.
The inflation rate for the Euro Area (flash estimate) was at +0.4% in September. It is the highest since October 2014. In August the inflation rate was at 0.2%. The core inflation rate was stable at 0.8%. The explanation has to be found in the oil price profile as said by Philippe Waechter, Chief Economist at Natixis AM.
J.L.M. Campuzano (Spanish Banking Association) | Spain’s economy had a funding capacity of 9.021 billion euros in the second quarter of the year, when compared with the rest of the world. But is it a good thing for a country which needs investment in order to create jobs to have financing capacity?
The future of Europe has more to do with investment than with the ECB. In this context, the so-called Juncker Plan is especially interesting for driving investment, against a backdrop of continued uncertainty for companies. This is a note from Intermoney’s analysts.
Ahmed Ezzeldin | We usually expect elected politicians to represent the choices of the people and remedy the historical sins of brutal dictatorships that dominated the world for most of its history. Is that the case?
J. L. Martínez Campuzano (Spanish Banking Association) | Little by little it’s being acknowledged. Just this Thursday, the President of the ECB openly admitted that monetary policy has its limits in terms of driving growth and stimulating inflation. And in fact, history tells us that monetary policy is more efficient for fighting inflation than for creating it.
Manos Giakoumis via Macropolis | The Engineers and Public Contractors Pension Fund (TSMEDE) found itself in the spotlight over the last few days as a result of being the major shareholder in Attica Bank, which faced a number of issues related to corporate governance and lending activities, according to an investigation carried out by the Bank of Greece (BoG).
The Eurozone’s second largest lender confirms plans to increase Earnings Per Share (EPS) in 2016 and 2017, reaching double digits by 2018, and grow Dividend Per Share (DPS) and Tangible Net Asset Value (TNAV) Per Share every year.
On Wednesday during its Investor Day in London, Prosegur announced a restructuring, aimed at changing its management model, as well as the possible IPO of its Cash in Transit (CIT) business. This is slated to take place in the first half of 2017.
Spain’s Consumer Price Index (CPI) grew four tenths of a pecent to 0.3% in September from a year earlier, returning to positive territory for the first time this year. The last time inflation moved out of negative territory was in December 2015, when the rate was 0%.