Today’s market chatter in Spain

Among issues market makers are talking about today…

LINK. Bundesbank president Jens Weidmann changes his mind and approaches ECB’s Mario Draghi’s view by asking for bank asset buying to stay away from deflation. He had typically opposed stimulus and deflation-avoiding actions. Investors welcomed his statement.

CORTAL CONSORS. Maduro’s government passed the new rate for third exchange mechanism in Venezuela. Fitch downgraded the country’s debt from B+ to B with negative Outlook due to political instability and backwardness in establishing economic measures. Analysts highlight that Venezuela registers a 50% inflation despite the price control policy.

SANTANDER. Carrefour performed well in its financial restructuring and operational positioning improvent and S&P appreciated it by boosting its rating. The agency reckons credit quality will keep on improving. Santander forecast another rating upgrade from Moody’s provided recovery continues at the rhythm seen in 2S13.

RENTA 4. BME called off its typical extraordinary dividend; however, retribution policy is still attractive. Share price might slightly decline.

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.

Be the first to comment on "Today’s market chatter in Spain"

Leave a comment