Today’s market chatter in Spain

Here’s what market makers are talking about today:

AFI. Stronger bet for peripheral debt. An steady boost of listed equities and a trend of bonds don?t fit in the current scenario. Without better growth and emerging countries risk at the Forefront, stock exchange will stay under pressure. Analysts don?t expect growth acceleration in the eurozone leading market to rule out a larger price correction and don?t foresee either a stabilisation of the risk perception about the emerging economies.

LINK. Santander finished up a 722-people redundance within the process for Banesto and Banif takeover. Moreover, the bank received an approach worth 260 M from Chinese magnate Wang Jianlin for the Edificio España building in Madrid. It paid EUR389M for it nine years ago. Jianlin plans to build a hotel and a shopping centre in this spot at the very heart of the capital.

BANKIA. ACS guide price rises to EUR33.26/share. This year the company will complete Hochtief operative restructuring, deepen the financial reform, conclude the divestment of assets and improve the working capital.

CORTAL CONSORS. SKEW index, which measures likelihood of negative events in S&P 500 reduced in March (110). Relevance of this indicator lies in asymmetry of S&P500.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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