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alemania berlin ampelmann

European economy 28th June 2024

German consumer confidence worsens to -21.8 points in July versus -19.5 expected against -21.0 earlier

Bankinter: Consumer confidence worsens to -21.8 in July versus -19.5 expected against -21.0 previous (revised from -20.9). Analysis: The index that measures Consumer Confidence interrupts the improvement trend of the previous four months in an environment marked by the rebound in Inflation (+2.4% in May versus +2.2% before). This is not a good sign, it confirms the weakness of the German economy, something that is also seen in the latest…

france economy

In Europe 27th June 2024

France elections and markets: a “Liz Truss moment” in the making?

Gregor MA Hirt Global CIO Multi Asset (Allianz GI) | French President Emmanuel Macron called a snap general election following the success of far-right parties in the EU elections in June. The first round of the election is to be held on 30 June followed by a final round a week later. According to the polls, the governing party – President Macron’s Renaissance – is set to lose power although…

faes farma muro

European economy 27th June 2024

Faes Farma eyes purchase of European pharmaceutical company

Norbolsa | Faes Farma (FAES) held its shareholders’ meeting on Tuesday, where it endorsed the appointment of the new CEO Eduardo Recoder de la Cuadra, who will take up his new position on 1 September. On the other hand, the company reported that it is studying the purchase of a European pharmaceutical company, without giving additional data. As for the new Derio plant, they recalled that it will come into…

ECB bonds

European economy 26th June 2024

Schnabel says threat of potential price shocks makes it impossible to commit to fixed path for rates

BancaMarch: ECB Executive Board member Isabel Schnabel has said that the threat of potential price shocks makes it impossible to commit to a fixed path for the level of interest rates. The monetary authority expects a process with ups and downs in price changes, although Schnabel said that recent progress points in the right direction. She added that now that inflation is easing, wage growth is gradually declining and there…

caf cartel fachada

European economy 25th June 2024

CAF to supply 88 buses to Swedish transport operator Nobina for €50 million

Intermoney: According to various media reports, Nobina, one of Sweden’s leading transport operators, has awarded CAF (Buy P.O. €42) the supply of 88 electric buses of various Urbino intercity and city models for the regions of Skåne, Värmland, and the city of Malmö. The total amount of this order will exceed €50 million. CAF continues to consolidate its position in Sweden, following several contracts won last year, including the supply…

apple gafas copia

In Europe 25th June 2024

Brussels accuses Apple of breaching EU’s Digital Markets legislation

A new blow to Apple from Europe. The European Commission (EC), the executive arm of the European Union (EU), announced on Monday that the tech giant is in breach of the Digital Markets Act (DMA) with its App Store, as it prevents app developers from “freely directing consumers to alternative channels of offers and content”. In addition, the EC has opened a new investigation against the company. “Under the DMA,…

BBVA Holvi

European economy 20th June 2024

BBVA to launch digital bank in Germany in 2025 after positive experience in Italy

Alphavalue / Divacons | BBVA will launch its digital bank in Germany in 2025. This was announced by the bank’s country manager in Spain, Peio Belausteguigoitia, during the Summer Courses of the Association of Economic Information Journalists (APIE), held at the Menéndez Pelayo International University (UIMP) in Santander. On the other hand, Belausteguigoitia ruled out the possibility of his institution going after another entity if the takeover bid it has…

inflacion precios

European economy 20th June 2024

Eurozone inflation rebounds to 2.6% in May and core rate rises to 2.9%

CdM | Eurozone inflation rose two tenths of a point in May to 2.6%, while the underlying rate, which excludes the impact of energy and food, also rose two tenths of a point to 2.9%, according to data published by Eurostat, the European Union (EU) statistics office. This means that the Consumer Price Index (CPI) recorded its first increase since December last year, reaching the highest level since last February….

Carrefour

European economy 19th June 2024

Carrefour could be hit with €200m fine after franchisees complain about obligation to source from group companies

Singular Bank: The French supermarket multinational fell 4.8% today after falling nearly 10%. The French finance minister has recommended that the company be fined €200m in the course of a lawsuit by its franchisees. The franchisees denounce practices such as forcing them to source their supplies from companies in the group, thus preventing them from having access to more competitive prices. The company has denied any irregular practices and hopes…

puerto valencia

European economy 18th June 2024

Eurozone achieves trade surplus of €15 billion with rest of world in April, compared to €11.1 billion deficit in April 2023

Link Securities | Eurostat published yesterday that, according to its first estimate of the data, the Eurozone goods trade balance reached a surplus of €15,000 million with the rest of the world in April, compared to a deficit of €11,100 million in April 2023. In April, exports of goods from the Eurozone to the rest of the world amounted to €247.6 billion, an increase of 14.0% year-on-year. For their part,…