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European economy 19th April 2024

Spain has the cheapest electricity in Europe: it has been at zero euros for half of the hours in April

ASE Group | Until the 17th, the daily price of the Spanish wholesale market (POOL) in April stood at 5.40 €/MWh, the lowest since records have been kept for such a long period. Grupo ASE analysts highlight that in almost 50% of the hours the price has been zero or lower. In 84 hours (20.6% of the total) negative prices were recorded (between 0 and -1 €/MWh) and the average…

European economy

Christine Lagarde insists ECB remains on track to cut interest rates in near term

European economy

Ferrovial holds first AGM in Amsterdam, stock up from 14th to 8th place on Ibex35

European economy

CAF selected in UK for renewal of railway signalling in contracts valued at around €4,700M over 10 years

European economy

Surplus electricity production plus structural reduction in consumption, leads to negative prices on wholesale markets

European economy

EU ends the winter with record gas storage levels

European economy 4th April 2024

Eurozone: March inflation flash estimate points to decline to 2.4% vs. 2.6% in February

CdM: According to a preliminary estimate by Eurostat, the statistical office of the European Union, annual inflation in the euro area is expected to be 2.4% in March, down from 2.6% in February. Regarding the main components of eurozone inflation, services are expected to register the highest annual rate in March (4%, stable compared to February), followed by food, alcohol and tobacco (2.7%, compared to 3.9% in February), non-energy industrial…

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