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españaeneuropa

In Europe 8th January 2025

Germany’s CPI rises to 2.6% year-on-year in December, France’s to 1.8%, Switzerland’s falls to 0.6%

Bankinter: Yesterday Germany’s CPI rebounded more than expected in December to 2.6%. Inflation came in at 2.6% year-on-year from 2.2%, when a more modest rebound to 2.4% was expected. Team’s view: Disappointing inflation data in December as it showed a stronger than expected rebound. However, we expect CPI to moderate in the coming months in a context of weak economic activity, lower energy prices and more contained wage increases. France’s…

airbus A320

In Europe 7th January 2025

Airbus makes 757 deliveries in 2024, seven fewer than planned, and could reach 820 units in 2025

Morgan Stanley | According to the latest Cirium data, Airbus delivered 114 aircraft in December (up 36% month-on-month), bringing total 2024 deliveries to 757 (versus 770 guidance and 750 consensus estimates) and reflecting a clear improvement in execution and operational visibility heading into year-end. Therefore, with 2024 delivery risks already behind us, Ross Law (analyst) expects the market to shift its focus to 2025 and beyond. In fact, he believes…

mercado europeo bonos

European economy, In Europe 3rd January 2025

M3 monetary aggregate rebounds 3.8% year-on-year in November, accelerating from 3.4%

Link Securities | The ECB reported yesterday that the monetary aggregate M3 rebounded 3.8% year-on-year in November, accelerating the pace of growth from 3.4% in the previous month and exceeding the 3.5% increase expected by FactSet consensus analysts. The ECB also reported that bank lending to households in the Eurozone rose 0.9% year-on-year in November, accelerating from 0.8% in the previous month. November’s is the fastest pace of growth in…

Garanti BBVA

In Europe 3rd January 2025

Garanti BBVA Kripto selects Bit2Me as execution centre for its clients’ cryptocurrencies in Turkey

Alphavalue/DIVACONS | Bit2Me has been selected by BBVA Group’s (BBVA) Garanti BBVA Kripto as its execution venue for its clients’ cryptocurrency buy and sell orders in Turkey, the digital asset firm said on Thursday. “This strategic collaboration represents an important milestone in the adoption of cryptocurrencies in one of the world’s most dynamic markets,” Bit2Me noted. BBVA: Buy, Target Price €14.2/share.

ECB night

European economy, In Europe 2nd January 2025

ECB expects to reach 2% inflation target this year

Banca March: The ECB expects to reach the 2% inflation target this year. This was stated yesterday, Wednesday, by the President of the institution, Christine Lagarde, on the X social network. It should be recalled that price growth slowed down last year, even falling below the ECB’s target in September, although prices have picked up again in recent months. The slowdown has allowed the monetary authority to cut interest rates…

Sin título 3

European economy 26th December 2024

Lagarde says inflation very close to target, but urges vigilance on services inflation

Norbolsa | Christine Lagarde has declared that they are very close to bringing inflation to target, while warning that services inflation still requires close monitoring. The other focus of questions is around the impact of Trump’s tariff measures, again coming out in defence of free trade and the danger of such policies. The Governor of the Irish Central Bank, Gabriel Makhlouf, also said that Trump’s policies are unpredictable, and is…

caf cartel fachada

In Europe 23rd December 2024

CAF to supply 22 trains to French operator SNCF Voyageurs for over €400 million

Link Securities | French operator SNCF Voyageurs has once again entrusted CAF (CAF) with the supply of 22 Intercités trains, known as Oxygène, which will serve the Bordeaux-Marseille line, in addition to the 28 trains contracted in 2019 for the Paris-Limoges-Toulouse and Paris-Clermont-Ferrand lines. The initial contract for Oxygène trains provided for the option to extend the supply by up to 75 additional trains. The new agreement signed for 22…

ECB night

In Europe 19th December 2024

ECB highlights strength of European banks with CET1 capital ratio of 15.8%, slightly increases capital requirements by 10 b.p. by 2025

Bankinter: The European Central Bank highlights the solidity of banks and slightly increases capital requirements for 2025. The ECB gives a positive assessment of the sector’s liquidity and solvency position with a CET1 capital ratio of ~15.8% and leverage of 5.8% (capital/total assets). By 2025 it is to increase capital requirements by 10 bps to 1.2% of RWAs (Risk Weighted Assets). Our view: We have a positive assessment of the…

defensa

In Europe 19th December 2024

Europe needs defence investments of €500 billion over next decade just to cover air defence system

Norbolsa: Europe-defence: the debate continues on how to raise defence spending in Europe. The pressure of war, Putin’s threat and Trump’s pressure to raise the contribution to NATO are heating up the debate, but it remains deadlocked on how to do it: whether from national budgets, jointly from Europe or by creating a new funding vehicle. It is estimated that Europe requires investments of €500 billion over the next decade,…