Reported by Jaime Sicilia Martínez European stock markets closed on a generally positive note following the signing of the provisional agreement between the US and Iran. The fall in oil prices has reduced inflationary risks, although the Fed’s more hawkish stance has curbed risk appetite. The IBEX 35 fell by around 0.1% and the EuroStoxx 50 has risen by 0.4%. In Asia, the session was positive in Japan and South…
Looking ahead to the second half of the year, Tressis notes that the reduction in geopolitical risk following the agreement between the United States and Iran, coupled with strong corporate results, supports maintaining invested portfolios; however, persistent inflation, the monetary tsunami and the high concentration of market leadership call for continued caution. Reported by Mari Pinardo “The impact of the war has been disproportionately exaggerated”. This is how Daniel Lacalle,…
Reported by Jaime Sicilia Martínez European stock markets closed with moderate gains, buoyed by the fall in oil prices and expectations that the agreement between the US and Iran will help normalise part of the crude oil supply. The IBEX 35 has surpassed 19,400 points, rising by nearly 1.3%, whilst the Euro Stoxx 50 has gained 0.7%. In Asia, the session was mixed. Japan closed higher, with the TOPIX buoyed…
Report by Renta 4 European markets open lower (Eurostoxx futures down 0.5%, S&P futures up 0.6%, Nasdaq futures up 1.5%) whilst Asian markets close higher (Japan’s Nikkei up 1.7%, South Korean Kospi up 1.3%) and news that Trump has signed the memorandum of understanding (following rumours of a possible delay until Wednesday) to end the war with Iran and reopen the Strait of Hormuz, bringing forward the timetable for the…
Report by Renta 4 Flat opening on European markets (Eurostoxx futures down 0.1%, S&P futures up 0.2%, Nasdaq futures up 0.7%) and modest gains in Asia (Nikkei up 0.8%, Kospi up 1%), with markets keeping a close eye on US-Iran negotiations (the draft MoU has already been published) and with Brent crude continuing to fall (down 16% over five sessions to 78 USD/b), as attention focuses on whether physical traffic…
Reported by Consejeros Editorial Team The Spanish oil services company has been awarded two major projects for the engineering, procurement and construction of upstream facilities for the production management of an oil field in the Middle East, as reported by the company to the National Securities Market Commission (CNMV). No further details of the works have been disclosed, not even the contract value, due to confidentiality requirements; the company has…
The mortgage market in the Netherlands is one of the largest in Europe relative to its GDP, offering significant potential with a mortgage loan volume in the system of around €900,000 M by the end of 2025. Report by Renta 4 Bankinter has reached an agreement to acquire 100% of the share capital of Tulp Hypotheken Holding B.V., a Dutch platform specialising in mortgage brokerage and financing. The completion of…
The rally in the main European indices triggered by the preliminary agreement in the Middle East appears to be moderating whilst further details on its terms are awaited. The IBEX 35 rose by 0.7% and the Euro Stoxx 50 closed up 0.4%. In the Asia-Pacific region, the Hong Kong Hang Seng recorded the sharpest fall (1.4%), whilst the Japanese Topix fell by 0.2%. In China, consumer spending and investment plummeted…
Spanish investment funds achieved an average return of 1.78% in May and 7.68% over the past 12 months, with assets under management increasing by €9.7 billion. Jefferies Analysis May saw another strong performance, with assets under management (AUM) in Spain rising by 2.1% month-on-month, representing an increase of €9.7 billion, mainly due to positive market effects (1.78%), driven by modest fund inflows (€1.9 billion). In the current environment, investors continued…
Report by Renta 4 European markets open largely unchanged (Eurostoxx futures down 0.03%, S&P futures down 0.1%, Nasdaq futures down 0.2%), following gains in the US (Nasdaq up 3% and the Dow Jones hitting new all-time highs) and Asia (Japan’s Nikkei up 0.6% and South Korea’s Kospi up 2%), and amid doubts surrounding the agreement between the US and Iran. On the central bank front, the Bank of Japan (BoJ)…