Markets

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BBVA posts best performance in May, with assets under management rising by 2.5% according to Jefferies’ fund analysis

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…


Japon banco central politica monteria

Bank of Japan raises interest rates to 1%, highest level since 1995

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)…


ECB bonds

Antonella Manganelli (Payden & Rygel): ‘Markets are pricing in two further rate rises in Europe’

“The ECB has raised rates to 2.25%. A widely anticipated decision, with few surprises and a stagflationary outlook… The debate now centres on the ECB’s next moves. Our economists believe this is the last hike of 2026, whilst the markets continue to price in a further hike in September and a third in early 2027”. By Antonella Manganelli By Antonella Manganelli, CEO of Payden & Rygel in Europe | The…


BANDERA SUIZA

Switzerland rejects 10-million population cap, business sector breathes sigh of relief

Reported by Consejeros Editorial Team In the referendum held this weekend in Switzerland, the public has rejected a 10-million population cap, which would effectively have meant tighter controls on immigration. The referendum, which was rejected by a 55% to 45% margin, has brought great relief to the business community, which saw it as a threat to the free movement of people with the EU, its main market. The initiative by…


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SpaceX kicks off investment supercycle, stock markets pass test with flying colours

Analysis by Juan Carlos Ureta The stock markets have passed the test of SpaceX’s mega-IPO with flying colours, but what is most interesting is not so much that they have passed this test, but the sense that the financial markets are ready to face the investment cycle that lies ahead, a cycle in which financing needs are set to reach a scale never seen before. We are facing an economic…


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Ibex 35 hits 19,000-point mark for first time in its history

Aena, Amadeus, IAG and the banking sector recorded the sharpest rises in a session in which the Spanish index rose above 19,000 points for the first time in its history following news that the United States and Iran will sign a Memorandum of Understanding on 19 June in Switzerland. Reported by the Consejeros Editorial Team The Ibex 35 and the rest of the European stock markets opened on Monday with…


aena barajas3CM

Air traffic in Spain grows 5% year-on-year in May, unaffected by Middle East crisis

The monthly figures have come as a surprise – and in this case, a pleasant one. Intermoney analysts had not expected year-on-year growth of 5% in May to 30.7 million passengers, even taking into account factors such as weekends. Their forecast for 2026 as a whole, 2.2%, now appears somewhat conservative. Report by Intermoney Aena announced its May passenger traffic figures last Friday whilst the market was open. Figures for…


repsolrenovables

Repsol’s eighth divestment of renewable energy assets: Masdar to acquire 49.99% of portfolio in Spain for around €150 million

Report by Link Securities The Spanish oil company and Masdar (Abu Dhabi Future Energy Company) have signed an agreement whereby Masdar will acquire a 49.99% stake in a portfolio of renewable energy assets in Spain for approximately €150 million. The transaction values the portfolio at €849 million. The portfolio comprises 705 megawatts (MW) of operational capacity, including 13 wind farms (402 MW) and six solar photovoltaic farms (303 MW), all…


iran eeuu

US and Iran reach agreement to be ratified on 19 June, allowing Strait of Hormuz to be reopened

Report by Renta 4 And finally came the announcement of the US-Iran agreement (not yet signed), leading to an upward opening on European markets (Eurostoxx futures up 1.7%, S&P futures up 1.3%, Nasdaq futures up 1.9%) and gains in Asia (Japan’s Nikkei and South Korea’s Kospi up 5%), with Asian emerging markets (the Philippines, Indonesia) leading the gains as they had suffered the most due to their dependence on energy…


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SpaceX, largest IPO in history, to begin trading today, raising $75 billion at $135 per share, with valuation of $1.77 trillion

Report by Renta 4 European markets open higher (Eurostoxx futures up 1.7%, US futures flat) and strong gains in Asia (Japan’s Nikkei up 3%, South Korea’s Kospi up 5%), in a session dominated by SpaceX’s market debut, against the backdrop of a potential US-Iran deal. In this regard, yesterday’s session was highly volatile, with initial threats from Trump of new air strikes against Iran and of taking control of Kharg…