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reinounido mercado laboral

In Europe 27th February 2025

UK to increase defence spending to 2.5% of GDP by 2027 with ‘ambition’ of raising it to 3% by 2029

Bankinter | The Prime Minister (Keir Starmer) announced that he will increase defence spending to 2.5% of GDP by 2027 with the ‘ambition’ of raising it to 3% by 2029 (vs. the current 2.3%). According to Starmer, the increased defence spending will not be financed by tax rises or increased debt, but rather by cutting ‘expenditure on overseas development’. Opinion of the Bankinter analysis team: Good news for the defence…

alemania CDU Merz

In Europe 26th February 2025

Merz’s first proposals: dissolution of debt ceiling and special defence fund of €200 billion

Banca March | In the new Parliament, which will not take office until 24 March, the far right AfD and the far left Die Linke have 216 seats out of a total of 630. With more than a third of the votes, they could block the easing of the deficit. However, the current parliament has the power to amend the constitutional article that restricts the structural deficit to just 0.35%…

IPC varios Eurozona.

European economy 25th February 2025

Eurozone inflation rises to 2.5% in January due to increase in energy price, largest increase since July

CdM | Eurozone inflation rose by a tenth of a percent in January, bringing the year-on-year rate of the Consumer Price Index (CPI) to 2.5%, in line with estimates and the highest increase since July last year, according to the second reading published by Eurostat, the statistical office of the European Union (EU). The rise in inflation was mainly due to the increase in the cost of energy, which rose…

airbus A320

European economy 24th February 2025

Airbus CEO says deliveries to non-US customers could be prioritised if tariffs disrupt imports

Link Securities | Airbus (AIR) CEO Guillaume Faury made it clear on Thursday that he could prioritise deliveries to non-US customers if tariffs disrupt the aircraft manufacturer’s imports into the United States, according to Bolsamanía. We have great demand from the rest of the world, so if we face very significant difficulties in delivering to the United States, we can also adapt by bringing forward deliveries to other customers who…

ECB Eurosystem

European economy 23rd February 2025

ECB says inflation risks increasingly ‘skewed to upside’ and could consider ‘pauses’ in rate cuts

BancaMarch | The ECB could discuss ‘pauses’ in rate cuts. Isabel Schnabel, a member of the ECB’s executive board, has said that the monetary authority could be close to ending the process of rate cuts in the eurozone, concluding that the risks surrounding inflation are increasingly ‘skewed to the upside’. It should be remembered that, since the summer, the ECB has cut the price of money relatively quickly, and everything…

airbus A320

European economy 20th February 2025

Airbus Q4 2024 profit reaches €2,424 million -up 66% year-on-year- 269 commercial aircraft delivered and 171 helicopters contracted

Bankinter | Results meet expectations, ambitious 2025 targets. Some pressure remains on supply chains. Key figures from the results for Q4 2024 versus the company’s own consensus estimate: Sales €24,716 million (up 8% year-on-year) versus €24,678 million estimated. Adjusted EBIT of €2,556 million (up 15.8% year-on-year and €2,601 million expected); reported EBIT of €2,614 million (up 38% year-on-year versus €2,571 million expected) and net income of €2,424 million (up 66%…

UE Rusia

In Europe 19th February 2025

EU keeps up pressure on Russia: still on “blacklist” of tax havens, France announces new sanctions against Russian oil

Banca March | The European Union is keeping up the pressure on Russia. On the one hand, France yesterday announced new sanctions against Russian oil for the invasion of Ukraine, without Washington’s backing and despite the apparently limited effect of similar measures introduced by Western countries. The French Foreign Minister, Jean-Noël Barrot, pointed out that Russia earns €100 billion a year from oil sales, while the total cost of the…

AccionaSede

European economy 18th February 2025

Acciona among companies in talks with Masdar to buy assets in Spain, Portugal and France

Norbolsa | Masdar is exploring several M&A operations to grow Saeta (acquired from Brookfield) and turn this group into its major expansion platform in Western Europe. Thus, they are in talks with EDP, Acciona and Totalenergies to buy various assets in Spain, Portugal and France, especially in wind power. Industry sources indicate that these transactions could add another 1,000 MW in operation, which at market price would be around €1billion….

UK Parliament 777x400 1

In Europe 14th February 2025

UK GDP expands 0.1% quarter-on-quarter in Q4 2024 against -0.1 expected, figure could be turning point

abrdn | Preliminary UK GDP data released this morning shows that the economy expanded by 0.1% quarter-on-quarter in the fourth quarter, compared to the expected -0.1%. Today’s GDP figures, although still very weak in absolute terms, have been much better than expected and may act as a kind of turning point. It is certainly difficult now for the economy to enter a technical recession in the short term. However, it…

Europa aranceles EEUU

In Europe 13th February 2025

EU promises to retaliate if US imposes tariffs on steel and aluminium

BancaMarch | The European Union promised to retaliate if the United States imposes tariffs on steel and aluminium on the EU bloc. The President of the European Commission stated that the unjustified tariffs will trigger ‘firm and proportionate responses’, without giving further details. In 2018, Trump tariffed steel and aluminium on some $7 billion in European imports. The EU bloc reacted with tariffs on a list of US products, including…