Juan Flames, CEO of BME (the management company of the Spanish Stock Exchange) explains that “Spain has a cutting-edge stock exchange, a leader in dividend yield and, this year, with gains superior to any other European market.” What a year for the stock market! With so much market volatility, have you missed your time as a manager at Goldman Sachs or Barclays? I am very happy at BME and very…
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Norbolsa | German exports rebounded unexpectedly in October, exceeding expectations of a decline. Meanwhile, exports to the US and China fell sharply. Total exports accelerated by 0.1% compared to the previous month, differing from the forecast of a 0.5% decline. Imports fell by 1.2%, while the overall balance showed a surplus of €16.9 billion in October, compared to €15.3 billion in September. Exports to eurozone countries grew by 2.7%, while…
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Bankinter | The Fed cuts benchmark interest rates (Fed Funds) by a quarter of a point to 3.5%/3.75% as expected. The decision was not unanimous, with one vote in favour of cutting by 50bp (Miran) and two in favour of maintaining rates (Goolsbee and Schmid). They announced that from 12 December they will increase their balance sheet again by purchasing treasury bills, not as part of their monetary policy, but…
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Says Antonio Bonet, president of the Club of Spanish Exporters and Investors. He points out that “Europe has a single tariff applied by all member states, but the U.S. applies a tariff to each country, meaning it can decide that the tariff applied to Spanish black olives is higher than that for Italian olives, as it did at one point. So there is a part of the negotiation between Europe…
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In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…
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