CdM | Inflation reached its highest level since June 2024 in October. The rise in electricity, air and rail transport prices has pushed the Consumer Price Index (CPI) up by one tenth of a percentage point, bringing its year-on-year rate to 3.1%, according to data released by the National Statistics Institute (INE). In detail, the evolution of inflation in the tenth month of the year is mainly due to electricity…
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Singular Bank | According to the European Commission, in the final reading for October, the Eurozone Economic Sentiment Indicator (ESI) rose 1.2 points to 96.8 points, despite political uncertainty in France and delays in the Merz government’s reforms in Germany. This development was mainly driven by a notable rebound in confidence in the industrial, construction and retail sectors. In more detail: Industrial Sentiment -8.2 versus -10.0 expected versus -10.3 previous;…
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Bankinter | Manufacturing activity falls more than expected in October in China. Manufacturing PMI: 49.0 points versus 49.6 expected and 49.8 previously; Services PMI 50.1 versus 50.0 expected and Composite PMI 50.0 versus 50.6 previously. Analysis team’s view: Weak figures. Manufacturing activity lost momentum in October and entered contraction territory (<50 points). This is the lowest figure in the last seven months and reflects that the impact of tariffs is…
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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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