Markets

emerging markets new

Adjusted PEG ratio for emerging markets stands at 0.9, compared with 1.3 for US and 1.6 for Europe

Analysis by Vladimir Oleinikov Emerging market equities have fully recovered since the start of the conflict with Iran (28 February), rising by 5.3% in terms of total return. Earnings revisions (earnings per share) have improved despite geopolitical tensions, reflecting macroeconomic resilience and AI-driven results. Beyond AI, emerging markets are benefiting from broader industrial trends – renewable energy, energy security and defence – particularly in Asia (which accounts for 82% of…


openai

OpenAI joins IPO race and competes with SpaceX on scale: plans to raise $60 billion, over double figure raised by Saudi Aramco in 2019

Report by Deutsche Bank News that OpenAI is set to file for an IPO shortly broke at the end of last week according to the Wall Street Journal, and clearly suggests that the creator of ChatGPT intends to seize the moment. The AI leader was planning to file a confidential application with regulators as early as Friday and aims to go public as early as September, the Wall Street Journal…


Ferrari PortofinoM 2

First 100% electric Ferrari unveiled, milestone in company’s electrification strategy

Report by Renta 4 European markets open slightly lower (Eurostoxx futures down 0.2%, DAX down 0.2%), whilst US futures are still holding onto much of yesterday’s gains (S&P up 0.6%, Nasdaq futures up 0.8%), during which their markets remained closed. The optimism that drove the markets yesterday is fading this morning. European futures point to a lower opening (Eurostoxx futures down 0.2%, DAX down 0.2%) and the Asian session has…


ibex35 paneles guapos

Ibex 35 rises 2.2% and surpasses 18,300 points

Reported by Álvaro Romero Mateu European stock markets have closed with widespread gains amid improved market sentiment following news of progress in talks between the US and Iran to reopen the Strait of Hormuz. The IBEX 35 rose by 2.2% and surpassed 18,300 points, whilst the EuroStoxx 50 advanced by nearly 2.0%. The main European indices moved higher, with lower trading volumes due to the London market being closed. Wall…


redeia fachada

Redeia plans €607 million investment in grid to alleviate technical constraints

Reported by Banco Sabadell According to press reports, the Ministry for Ecological Transition (MITECO) has reportedly initiated the consultation process for the proposed third amendment to the 2021–2026 Electricity Transmission Network Development Plan, with an estimated investment of €607 million, which aims to reduce the use of combined-cycle power stations when providing technical services to the system. Following this amendment, the total investment for the 2021–2026 planning period would reach…


santander webster

Two Republican senators call for investigation into Santander’s acquisition of Webster, citing “security concerns”

Report by Link Securities US Republican senators have asked the country’s authorities to investigate Banco Santander’s acquisition of Webster and not to proceed with its authorisation until the “security concerns” raised by the deal have been addressed, the newspaper Expansión reported on Friday. In a public letter, Senators Bernie Moreno and Tim Sheehy state that ‘in the current geopolitical environment, ceding control over US deposits, data and credit decisions to…


Ibex

New “imminent” Middle East peace deal: Iran admits “examining” new US proposal

Report by Renta 4 European markets open higher (Eurostoxx futures up 0.9%, S&P futures up 0.3%, Nasdaq futures up 0.4%) following a session with little movement on Wall Street and gains in Asia, amid comments from US Secretary of State Marco Rubio regarding “positive signs for reaching an agreement with Iran”, which could be announced as early as today, with the spokesperson for the Iranian Ministry of Foreign Affairs, Esmail…


ibex chulisima

IBEX 35 close to 18,000 points, down slightly by 0.4%, amid doubts over US-Iran deal

Report by Álvaro Romero Mateu European stock markets lost some of the momentum seen the previous day. The market is once again looking to the Middle East: doubts over a possible agreement between the United States and Iran have pushed oil prices higher once again and reignited fears of more persistent inflation. Against this backdrop, the IBEX 35 (down 0.4%) traded close to the 18,000-point mark with moderate declines, whilst…


Audax nueva identidad

Audax Renovables prices largest ever bond issue, worth €350 million and maturing in 2031

Report by Link Securities The energy company has informed the National Securities Market Commission (CNMV) that it has successfully priced its issue of senior unsecured notes, with an aggregate nominal value of €350 million and maturing in 2031. The Notes will bear a fixed interest rate of 7.500% per annum, payable semi-annually in arrears on 22 May and 22 November of each year, commencing on 22 November 2026. The closing…


endesa novisimo

State ordered to pay Endesa €255 million plus interest from 2020 onwards to cover higher fuel costs incurred in Canary Islands and Balearics

Banco Sabadell reports According to press reports, the Supreme Court has ordered the State to compensate Endesa with €255 million plus interest from 2020 onwards, for the higher fuel costs incurred in the Canary Islands and the Balearic Islands. The decision stems from the failure to enforce a previous ruling from 2024 which had already declared part of the 2022 regulation on these costs to be unlawful. Consequently, payment must…