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In Europe 9th January 2025

Industrial producer prices rise by 1.6% in euro area; 1.2% decline in annual comparison

CdM | Industrial producer prices rose by 1.6% in the euro area and by 1.7% across the European Union (EU) in November compared with the previous month, according to first estimates from Eurostat, the EU’s statistical office. Compared with November 2023, industrial producer prices declined by 1.2 per cent in the euro area and 1.1 per cent in the EU. In the monthly comparison, in the euro area, industrial producer…

Colonial Paris

In Europe 9th January 2025

Real estate transactions in Paris recover but with concerns about leverage: Equalweight on Colonial

Morgan Stanley: Real estate transactions recorded in Paris office space were down 9% and in Centre West Paris 8%, implying that the pace of decline is moderating. However, volumes remain low even though they have recovered from lows. On the other hand, vacancies continue to rise and available supply increased in all regions in the quarter. Rental growth was up 6% year-on-year, sustained over previous levels. While remaining positive on…

IAG

European economy 9th January 2025

IAG launches two invitations to buy back bonds for total of €1.2 billion

Link Securities | IAG (IAG) announced on Tuesday separate invitations to holders of its (i) bonds in the aggregate nominal amount of €500,000,000, issued at 1.50 per cent and maturing in 2027 (the 2027 Bonds) and (ii) bonds in the aggregate nominal amount of €700,000,000, issued at 3.75 per cent. and maturing in 2029 (the 2029 Bonds) offering the purchase of the Bonds by IAG in exchange for a cash…

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…