MADRID | February 26, 2015 | By Francisco López | Small savers are penalised most heavily by zero-interest rate policies and what they appreciate most at the moment is good profitability through dividend payment. Stock market experts recommend betting on solid companies that pay high dividends to shareholders, and Telefonica certainly falls into that bracket. The company’s 2014 results showed a 34% drop in profit, but the tech giant has committed to sustainable and increased dividend payments in the future.
MADRID, February 23, 2015 | By Sean Duffy | Friday´s deal was a relief for all involved, yet it remains to be seen if a frantic weekend of number cruncing from Greek officials will meet the strict criteria outlined in the agreement. German bank Berenberg cut the chances of a Grexit to 25% from 35% on Monday.
MADRID| Sean Duffy | Nobody knows how the Greece debt negotiations will turn out, but aren´t we all getting a little tired of the saga?
MADRID | Sean Duffy | Yesterday brought positive data on the housing front and on job creation, with Spanish bank BBVA prediciting the economy will reap considerable benefits from the falling oil price.
MADRID | By Sean Duffy | Thursday brought some positive predictions on the Spanish economy from the European Commission, but buoyancy on European markets may be negated by data due from the US later today.
Madrid | By Sean Duffy | Yanis Varoufakis has been causing quite a stir on his trip around Europe. The Greek Finance Minister will meet with his Italian counterpart on Tuesday, and both will be watching market reaction to proposals leaked by the Greek Government last night.
MADRID | By J. J. Fdez-Figares (LINK) | European stocks closed yesterday again with notable declines -with the exception of the Swiss- pressured by a complicated geopolitical scenario, while the macroeconomic figures in the region continue to disappoint. Thus, European stock markets began the day in negative tone after economic sanctions agreed by Russia against the European countries and with the speculation that the country will send troops to Ukraine. The Spanish index Ibex 35 goes through the worst beginning of August since 2011.
MADRID | By The Corner | The ratio of earnings revisions for the Spanish Ibex 35 is above one point for the first time since December 2009, which means that there are more market watchers revising upwards their expectations about the evolution of the corporate results within the index. On average, analysts’ consensus expects a growth in the corporate earnings close to 25%. However, experts at AFI forecast 15% increases in these results, which would boost the Spanish index by 10-15% thus ending 2014 around 11,500 points.
MADRID | By Francisco López | The risk premium has moved from being a huge torment for Spanish decision-makers, to making headlines showing a recovery of the international confidence in Spain’s economy. The interest rate of the Spanish 10-year bond is at its lowest since 2009, the differential with Germany is around 190 basis points and Ibex 35 widely exceeds 10,000 points.
MADRID | By Tania Suárez | European markets seem more optimistic lately, their benchmarks being on green numbers, especially the Ibex 35. The Spanish Index benefited from the US administration fuss (painful shutdown, possible delay of the FED’s plans…) and has performed better than its European colleagues. But not only the Ibex is on the rise: Spanish turnover keeps well above maximum levels.