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vaccine passport

European economy 26th February 2021

Pharmas To Produce 10 Bn Doses Of Covid-19 Vaccines By 2021, As EU Plans Vaccination Passport For The Summer

News about vaccines against coronavirus and the progress of vaccination campaigns globally are coming thick and fast. The production of vaccines is rising significantly as companies are working in shifts of 24 hours a day, seven days a week, said the pharmaceutical industry association Ifpma. On the other hand, the EU leaders have passed the creation of a digital vaccination certificate in order to exempt travelers from restrictions such as quarantines or PCR tests, an essential aspect in order to boost tourism. 

US against Europe

European economy 25th February 2021

Between Europe And US…Clearly Europe

Morgan Stanley | The size of the Recovery Fund is very relevant, equivalent to 5% of the European Union’s GDP (10-15% in Greece, Spain and Italy). In contrast to the US, where the fiscal stimulus has been earmarked for more immediate/current spending, in Europe most of it is devoted to future investment with a long-lasting effect over the next 3-5 years. This long term duration is the key concept and the fundamental reason for our preference. 

europe innovation

European economy 24th February 2021

Where Can You Find Innovation In Europe?

Paul Griffin (Schroders) | Late last year, the EU agreed a €1.8 Tr stimulus package to help Europe’s economies recover from Covid-19. The funding comes from the long-term budget and the Next Generation EU initiative, whose aim is to create a greener, more digital and more resilient Europe. These goals will not be achieved without innovation. Contrary to what some investors believe, Europe is home to plenty of pioneering companies whose science and engineering capabilities can help address the many challenges facing the world today. 

Total CEO

European economy 22nd February 2021

Total’s CEO Warns Of The Risk Of A Bubble In The Renewables Sector

Banca March | Total’s CEO, Patrick Pouyanné, has given an interview to the Financial Times in which he warns of the danger of a possible “bubble” in the renewable energy sector. According to Pouyanné, and without mentioning specific examples, the scarcity of important assets in this type of energy has led to a number of acquisitions with “crazy” valuations, in some cases reaching multiples of up to 25 times profits.

inflation eurozone

European economy 19th February 2021

European Inflation: ECB Should Dovish When It Becomes Hawkish

Bruno Cavalier (Oddo-Bh) | In January, inflation in the Eurozone jumped by 1.2 points to 0.9% yoy, largely due to the increase in VAT rates in Germany. Later this year, the ECB’s target inflation rate of 2% is likely to be exceeded. After the compression of some prices in 2020, the base effects are expected to be very strong. The ECB has no reason to react to a bump in inflation, but since Christine Lagarde has accustomed us to a convoluted message to please the “hawks”, we cannot exclude the possibility of the ECB getting muddled up in its communication.

city of london

European economy 13th February 2021

Britain Out As Europe’s Largest Financial Trading Hub

European Views | Amsterdam took over London as Europe’s largest financial trading hub following post-Brexit changes to finance rules. According to a report by BBC, value turnover on Amsterdam exchanges now stands at 9.2 billion euros or higher by 7 percent than London’s 8.6-billion-euro daily turnover. Following new Brexit rules, European Union (EU)-based banks switched to buying European shares currently not traded on the London stock exchange, resulting in loss of fees for city firms.

European banks linda

European economy 11th February 2021

The Proportion Of Deposits With Negative Interest Rates In The Eurozone Exceeds 25%

A monetary policy with rates at 0% and the reduction of the deposit facility rate to levels of -0.50% have pushed the Euribor to its fifth consecutive year of negative rates. And it is also increasing the percentage of European deposits with figures below 0%. J.P. Morgan AM showed this evolution in its latest Market Guide (H1’21), which flags how the proportion of Eurozone deposits with negative rates has exceeded 25% in the case of non-financial companies, and is climbing to levels of 5% in the case of households.

Araceli

European economy 5th February 2021

The EU Is 90% Away From Its Target Of 180 Mn Doses Of COVID-19 Vaccines Before End-Spring

Optimism about the vaccination process continues to grow and the Financial Times yesterday highlighted how the number of Covid-19 vaccines already administered globally, some 104 million doses, has for the first time exceeded the global number of reported cases, which stand at just over 103 million. The population vaccinated with at least one dose is around 10% in the United States and 14.4% in the United Kingdom, while just 3% of the European Union ‘s population has received a Covid-19 vaccination.

BCE SkylineFrankfurtTC

European economy 3rd February 2021

European Banks’ Dividends Could Reach Up To €11 Bn, Says The ECB

European banks will pay out between €10.5 and 11 Bn in dividends this year, according to “very preliminary” estimates by the European Central Bank, following consultations with the lenders. Spanish Santander, BBVA, CaixaBank and Bankinter have been authorised by the ECB to distribute 15% of their profits in dividends to their shareholders. Sabadell will not remunerate its shareholders so it would not have requested authorisation, while Bankia will do so after merging with CaixaBank, in April or May.

corona vaccine

European economy 29th January 2021

The Vaccination Process Against Covid-19: Between Fear And Hope

“The slow vaccination process and the fear of a lagged recovery will continue to cause a reduction in risk assets,” say analysts at Link Securities, although it is true that “sooner or later, vaccination will take effect and one must be positioned for the day after,” say the experts at Intermoney. Between both feelings, the Covid-19 vaccination campaign is one month since it started in the EU. Figures are still far from the rates needed to achieve the immunization objectives. Spain would have to multiply by 5.6x the current rate of daily doses administered.