Today’s Talk Of The Market In Spain

Here’s what market markers are talking about today:

BBVA. Spain’s economic growth wakes up in 1Q14. Exports remain strong as domestic demand starts to recover. Labor market is displaying positive signs. Public spending dropped but there has been a slight deviation from the shortfall target in 2013.

LINK. If no economic sanctions are implemented, markets will forget Ukraine’s crisis just as they did with Syria. Don’t miss Mario Draghi’s conference on Thursday evening: he could say something relevant about monetary policy in a context of the deflation threat affecting many Eurozone countries.

SANTANDER. EU’s agreement on SRM must be hastened in order to give stress tests credibility and meet the Banking Union schedule.

AFI. 40% of the RPI items in Spain have negative annual variation rates. Inflation has been zero for six consecutive months. Treasury may resort to inflation-indexed bonds.

SWISSQUOTE. Far from its inflationary objective, the Bank of Japan still shows no will to apply expansive monetary policies.

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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