Top Stories

European economy

EU Budget the CAP beyond 2020 1073x480 1

European economy, In Europe 12th April 2023

European investors’ confidence in economic activity improves but remains in negative territory

Bankinter: Investors’ confidence in economic activity improves, although it still remains in negative territory. The Sentix Index rises more than expected in April to -8.7 from -11.1 previously and -10.1 estimated. The improvement is driven by the Current Situation component (-4.3 from -9.3). The Expectations Component remains stable at -13. This is the sixth consecutive improvement in the Current Situation Component. On a monthly basis, Sentix surveys more than 1,300…

Market discounts ECB cut in deposit rate

European economy, Markets 10th April 2023

Fixed income: rising nominal yields should push up real yields

Deutsche Bank : The recent credit event in the US banking sector has caused considerable uncertainty about the outlook for policy rates. However, financial authorities have reacted strongly. In addition, the US labour market remains solid and inflation is becoming entrenched. In our view, this continues to justify a “higher for longer” official rate outlook. Although two-year US Treasury yields are falling from their cycle high, they remain, along with…

inflation board

European economy, In Europe 5th April 2023

Eurozone inflation expectations for next 12 months fall to 4.6% in February

Link Securities | Bloomberg reported on Thursday that, according to the ECB’s monthly survey, inflation expectations for the next 12 months fell to 4.6% in February from 4.9% in January. In addition, inflation expectations for the next three years fell to 2.4% from 2.5% the previous month. In addition, according to the survey, economic growth expectations for the next 12 months continued to rise, from -1.2% to -0.9%. Meanwhile, 12-month…

Chris Lagarde

European economy 4th April 2023

ECB continues to contradict market expectations with tightening messages

Renta 4 : Today, on a day in which futures point to an opening with little change, the main macro reference will be the number of available job openings in the JOLTS (Job Openings and Labor Turnover Survey) in the US, which is expected to remain high in February (10.5 million expected as opposed to 10.824 million previously), giving signs of a still very solid labour market. This data will…

Does anyone truly understand Brexit?

European economy 3rd April 2023

UK grows a paltry 0.1% in 4Q22; still 0.6% below pre-covid levels

CoM | The UK economy recorded a minimal expansion of 0.1% in the fourth quarter of 2022, following the contraction of a tenth of a percentage point in Europe’s second largest economy in the third quarter of last year, according to revised data released on Friday by the Office for National Statistics (ONS). As a result, GDP is now estimated to have risen by 4.1% in 2022 as a whole,…

centros de datos

Companies, European economy 3rd April 2023

Airbus not to buy 30% stake in Atos Big Data spin-off: unwilling to invest €1.2bn in company it does not control

Singular Bank | Atos is in the process of splitting itself into an IT services unit and Evidian, which it plans to float this year. The restructuring would give Atos shareholders 70% of Evidian, and Atos plans to sell the remaining stake to finance its own transformation. Many Airbus shareholders commented their disagreement on the potential investment after it was made public last month, as it could be an inefficient…

Europa

European economy, In Europe 31st March 2023

Eurozone annual inflation drops to 6.9% in March

CoM | Annual inflation in the eurozone will be 6.9% in March 2023, down from 8.5% in February, according to a preliminary estimate by Eurostat, the statistical office of the European Union. Regarding the main components of eurozone inflation, food, alcohol and tobacco, they are expected to record the highest annual rate in March (15.4%, up from 15.0% in February), followed by non-energy industrial goods (6.6%, up from 6.8% in…

energia mercados

European economy, In Europe 30th March 2023

Spanish Government agrees with European Commission to extend Iberian derogation until end of year

Banc Sabadell | The Council of Ministers gave the go-ahead to the extension of the Iberian exception (gas cap) until the end of the year, which would already have the approval of the EC. The formula has been modified, the main new feature of which is that the price increase curve will be “longer” and “smoother” than last year. If the curve of the gas cap was increasing, until now,…

societegenerale

European economy, European politics 29th March 2023

Société Générale, BNP Paribas, Natixis and HSBC under investigation in France in ‘coupon laundering’ fraud probe

Alphavalue/DIVACONS | The headquarters of five banks were the subject of judicial searches in and around Paris yesterday as part of an investigation into aggravated tax fraud, the National Financial Prosecutor’s Office (PNJ) said. According to the daily Le Monde, which broke the news, the banks under investigation are Société Générale (buy, P. O. 35.9 eur/acc), BNP Paribas (buy, P. O. 71.3 eur/acc), and its subsidiary Exane, Natixis and HSBC…

Italia fachadas

European economy, In Europe 29th March 2023

EC suspends €19-billion Next Generation funds payment to Italy due to sluggish progress on reforms demanded by Brussels

Renta 4 : European markets open higher (Eurostoxx futures +0.5%), with the markets on hold ahead of the inflation data due on Thursday and Friday in Europe and the US, which will determine the extent to which central banks will have to continue to raise interest rates. Meanwhile, the most advanced cycle indicators (German IFO, US Conference Board consumer confidence) show a better than expected performance in March, although the…