Oryzon shares continue to soar after announcing HQ move to Madrid
Shares in biotech company Oryzon Genomics continued their advance today, after the company said on Tuesday that it plans to move its headquarters from Barcelona to Madrid.
In Spain
Spanish services sector pushed by new business in September
Spain’s services sector, about 50% of the country’s GDP, was boosted in September thanks to new business at the fastest rate in more than two years, according to Markit’s Purchasing Managers’ Index (PMI).
Spain jobless figures to September are, on first sight, mediocre: but the best in net SS affiliates since 2005
Bankinter |The variation in the number of jobless in September (according to the Social Security register) was apparently slightly higher (worse) than forecast: +27.900 vs +21.500 expected vs +22.801 in September 2016. (That said it was slightly better than the 26.087 registered in September 2015).
Catalan banks in the eye of the storm: investors start to get the jitters
At the moment, the biggest losers in the Ibex 35 index after Sunday’s referendum vote in Catalonia are the banks, particularly the Catalan lenders. Both Sabadell and CaixaBank have acknowledged that if independence were to happen, they would move their headquarters to another autonomous region in Spain. In this way they would keep their access to the ECB’s liquidity and their clients would remain under the protection of the national and European Deposit Guarantee Fund. But perhaps it’s too soon to ring the alarm bells: while the Ibex dropped, other European bourses rose. This shows that Catalonia is still far from becoming a systemic risk for the EU.
Catalonia is destabilising Spain…and weakening the European Union
What’s happening in Catalonia? The narrative put together by those in favour of independence is quite incredible: how is that so many Catalans feel so badly treated in a democracy like Spain’s? The crisis in Catalonia threatens the stability of Spain and even the European project.
What Can Be Offered To Catalonia
The Corner | The fiscal situation is one of the arguments the pro-independents in Catalonia have been using. And in this regard, we wanted to share with our readers a snippet from a televised debate between Josep Borrell, a former president of the European Parliament, who describes himself as “Catalan, Spanish and European,” and Oriol Junqueras, leader of the pro-independence Catalan Republican Left (ERC) party.
Spanish bond prices do not reflect the Catalan “issue”
Spanish bond prices are not reflecting the risk of Catalan secession simply because the foreign economic press doesn’t rate the likelihood of it happening, nor the conflict which will follow 1-O.
Education In Spain: At The Bottom Of All The International Rankings
All the figures and statistics related to education in our country paint a picture which is not just bad, but catastrophic…For example, the number of young Spaniards who don’t even have a high-school education, 35%, is double the OECD average.
Housing prices in Spain have grown 16% since end-2014
Housing prices have grown 16% since end-2014, according to the Bank of Spain. This is after a decline of 37% in nominal terms (45% in real terms) since their peak at end-2007.
Spain tourism sector has three key drivers to maintain its momentum
CaixaBank Research | Spain’s tourist sector is on course for another record-breaking year, with close to 50 million international visitors arriving on its shores in the first seven months of 2017, an 11.3% rise on 2016 and 49.4% higher than in 2010.