What the most relevant analysts and market makers in the Spanish market are debating right now:
ACF: Abengoa submitted a draft registration statement to SEC for a yield company on Monday. The number of offered shares and prices are still undetermined. The IPO could amount about $1bn, and it’s in line with the company’s deleveraging strategy.
CORTAL CONSORS/BNP PARIBAS: European gas imports from Rusia have reduced but still add up to 30% of total. Due to alternatives developed after the 2009 winter crisis, prospective problems in Ukrainian gas pipeline are not likely to spark similar power cuts. The most affected countries would be Austria, Bulgaria, Slovakia, Czech Republic and Greece.
BANKIA: According to Enagás and Red Eléctrica electricity demand in Spain dropped in February by 0.6% and gas demand decreased by 11.6%. Renewable energies achieved a new historic maximum of 59% of overall production.
SANTANDER: Italian banks would display the largest capital shortfalls in the tests of november. Moody’s stated that latest balance adjust could “compromise the credibility” of stress test with no sizeable impact on results.
SABADELL: Carrefour could give a positive surprise when releasing its 2013 results, which prompt consensus to forecast a EBIT’13 above Carrefour estimates.
Be the first to comment on "Today’s Talk of The Market in Spain"