LONDON | On the eve of the biggest Q2 reporting week for EU companies, Barclays top-down model suggests a further acceleration is imminent for euro area stocks, with 6% likely for 2015 as a whole.Read More
LONDON | Why the Troika and the EU member states find it so difficult to trust Greece.
Spain’s biggest bank released its 2Q2015 results on Thursday with an ordinary attributable profit of EUR 3.426 billion in the first half, 24% more than the same period last year. Santander’s ten core markets increased profits, with a particularly important increase in the bank’s three largest: Spain, United Kingdom and Brazil.
MADRID | They’ve been scaring us with an eventual China crash which would drag the world’s economy. And yet Daily Telegraph’s Roger Bootle insists there is no reason to panic here. The ratio of tradeable equities to GDP is running at just under 30%, while in most countries it exceeds 100%. See the New York Stock Exchange on the graph.Read More
The Corner | July 27, 2015 | Spain’s bailed-out lender Bankia saw its first-half profit rose 11.5 percent from a year ago, as it reported on Monday. Net profit rose 10.3 per cent to €311m, versus a consensus of analysts’ expectations of €277.8m. Charges against bad debts fell and offset weaker revenue from lending.Read More