In the World

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25 per cent of S&P companies already reporting measurable benefits from AI

Analysis by Morgan Stanley Investors have expressed some concern about the shift from a ‘tokenmaxxing’ strategy – focused on maximising the use of artificial intelligence (AI) capacity within companies – towards a more cost-disciplined approach, and about the implications this could have for AI adoption. However, companies continue to highlight increasingly visible and quantifiable benefits derived from its implementation. In 2Q26, 40 per cent of companies identified as AI adopters…


US worker

Labour markets in OECD countries remain strong, but real wages continue to lag behind

Reported by Consejeros Editorial Team The OECD Employment Outlook 2026 report notes that labour markets in member countries remain in a strong position, with record levels of employment and historically low unemployment rates. In May 2026, employment stood at 670 million people, 26 per cent higher than in 2001, and is forecast to continue growing moderately throughout 2026 and 2027. Similarly, the unemployment rate stood at 4.9 per cent and…


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Tensions between Trump and rest of world flaring up again, but IMF believes global economy has weathered war better than expected

Report by Renta 4 European markets opened higher (Eurostoxx 50 futures up 1%) following a session on Wall Street that started slowly but ended strongly, leading to a recovery of 1%–1.5% in the main US indices, as well as gains in futures (S&P 500 and Nasdaq 100 up 0.2%–0.3%). All this despite the escalating tensions between the US and Iran, which have pushed Brent crude up by 9% over the…


Trump

Trump now says Spain “completely redeemed itself” by committing to major NATO payment

“I must say I had problems with Spain, and I still do, but today Spain completely redeemed itself. Spain was very generous today… they agreed to a major payment request, and if they hadn’t, we wouldn’t even be talking to them,” the US President stated just hours after publicly lashing out against Spain—calling it “a terrible partner” and “a lost cause”—and against Spaniards, whom he labeled “bad people.” This initial…


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AI being integrated slowly into board agendas, according to IESE study

Reported by Consejeros Editorial Team The findings of the 2026 Survey on Boards of Directors, conducted by the Centre for Corporate Governance at IESE Business School, conclude that 55 per cent of board members believe that AI is not yet delivering tangible results for their companies. Furthermore, only 36 per cent of respondents state that their board addresses this issue just once a year, whilst only 15 per cent say…


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Invesco, underweight in Taiwan and South Korea. “We may be seeing a bubble in these markets”

Reported by Julia Pastor Invesco’s outlook for the second half of the year has changed little from that published by the firm at the start of the year. The outlook for economic growth and inflation is less favourable now, but not enough to trigger negative returns on global equities. Thus, and despite all the disruptions that have occurred up to July (the rapid advance of AI, geopolitical tensions and their…


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Share-based remuneration at all-time high in US, almost all sectors increasing annual issuance

Morgan Stanley reports As the US equity market has risen in value, so too has stock-based compensation (SBC), which has now reached a volume of $330 Bn (up 9% year-on-year). Although the technology sector remains the largest issuer of SBC, virtually all sectors have increased their use of it over the past year. SBC has grown from 8% in the manufacturing sector to 28% in the utilities sector, although information…


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SpaceX joins Nasdaq 100 after 15 days of trading on Nasdaq

International Macroeconomics Reported by Bankinter Elon Musk’s company joins the Nasdaq 100 this Tuesday – the US stock market index comprising the 100 most significant companies in the technology sector – after 15 trading sessions on the Nasdaq. Specifically, it will be included with a weighting of 0.77%. The requirement imposed by the index is that it must trade at a minimum of between three times its free float and…


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Oil slowing down, but not derailing disinflation, according to Generali

Paolo Zanghieri Inflation remains the main constraint for the Federal Reserve, but the factors driving it are likely to matter more than the headline figure. Core PCE stood at 3.4 per cent in May and could remain at uncomfortable levels in the short term, although we expect it to peak shortly and fall to 3.1 per cent year-on-year in the fourth quarter, 0.1 percentage points below the Federal Open Market…


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US employment figures ease pressure on interest rates, according to Mutualidad

Analysed by Pedro del Pozo US employment figures have become the key benchmark for the markets. The latest figures reveal that it has not been a good result, but precisely because it is not it may be well received by investors. Job creation has come in well below expectations and, furthermore, the previous figure has been revised downwards. This may help to ease one of the main sources of tension…