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Markets 14th March 2014

Today’s Talk Of The Market In Spain

MADRID | By Jaime Santisteban | It could be a big deal. The Spanish government has to evaluate a comprehensive report on the tax system reforms handed by an experts’ comittee  “We have spared no one,” they’ve said. Will this really boost simplicity and efficiency? Market makers await further details about where the government stands on each proposal. Besides, focus remains in Ukraine ans the polemic referendum in Crimea, and in China, whose PM announced that more defaults are coming.

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Markets 13th March 2014

Today’s Talk Of The Market In Spain

MADRID | By Jaime Santisteban | BBVA takes a look on the bright side of the Spanish economy in 1Q14: growth, exports, domestic demand, labor market, public spending reduction. Santander urges the EU to hasten arrangements on SRM to meet Banking Union agenda. Otherwise, stress tests won’t have credibility.

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Markets 11th March 2014

Today’s Talk Of The Market in Spain

MADRID | By Jaime Santisteban | Amid the hot debate on when the banking union will be wrapped up, market makers are focusing on the main steps already taken: the ECB gets the decision-making power from the European Council and Germany tries to avoid that public money can be used in the transitional period. Link analysts don’t expect major fluctuations today, but they warn investors about some “red lights.” 

 

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Markets 11th March 2014

What’s the Deal: How to Make the Financial System Safer

WASHINGTON | Via The Next New Deal | Roosevelt Institute Fellow Mike Konczal (@rorytomb) explains why banks need higher capital standards to prevent another collapse, how much could they fund themselves through equity and the challenges ahead the U.S. financial reform such as the Dodd Frank Act’s progress, inequality and CEO pay.

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Markets 7th March 2014

Today’s Talk Of The Market In Spain

MADRID | By Jaime Santisteban | Analysts favor Madrid’s new measure of overhauling loan refinancing rules for struggling companies, which will make it easier for those firms to arrange debt-for-equity swaps with their creditors. Also, the expected ECB’s non-move has been widely commented today, expectations cooled down. AFI experts believe the market is starting to assimilate the ECB will definitely seat on its hands unless unless inflation falls below 0.5% or recovery is threatened. Daimler’s amazing sales in China are also catching market makers’ attention today.

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Markets 5th March 2014

Today’s Talk Of The Market In Spain

MADRID | By Jaime Santisteban | Market makers are weighing in the new open stage in China after first corporate bonds default since Beijing started this kind of asset trade in the late 90’s. Also, Santander and BBVA saw their debt rating boosted by Moody’s.

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Markets 4th March 2014

Today’s Talk of The Market in Spain

MADRID | By Jaime Santisteban | Relax: Ukraine’s crisis will not spark gas shortages; Abengoa’s yieldco IPO could amount $1bn at Nasdaq.; renewable energies achieve new historic maximum of 59% of overall production and much more…

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Spanish Small & Mid Caps 22nd January 2014

Spanish midcaps Colonial and Realia trend real state market upwards

MADRID | By Fernando G. Urbaneja and Julia Pastor | The depressed Spanish real state sector wakes up slowly, and hopefully, steady thanks to Inmobiliaria Colonial and Realia, two midcap construction companies, which went through the sorrows of housing markets crash. The first is involved in a €1 billion capital increase; the second is said to be bought a major stake by Amancio Ortega, Inditex chairman and third world’s wealthiest businessman.

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Markets 18th January 2014

China Wants to Grow ‘Reasonably’

China (which grew by 7.7% in 4Q13) wants to pursue a very different strategy in 2014, setting “reasonable growth” as its macroeconomic goal, meaning by that a rate that will support the country’s economic restructuring and upgrading. But such a technical description fails to meet society’s real needs and achievements, and so new alternative models are booming.

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Markets 4th January 2014

A diabolic loop of stagnation

MADRID | By Francisco López |  Spanish banks face into the new era of banking union with their homework successfully completed, both in terms of adjustments and efficiency in the stress tests. Their balance sheets are healthy, although now a new challenge awaits: how to improve profitability in an adverse economic cycle, with rates close to 0% and with credit lending remaining worryingly low.