Saturday, August 13

Optimism in Europe before the ECB talks with all indices on the rise

FINANCIAL MARKETS

  • Financial markets forecast that the London FTSE will open with 56 points more, at 7226, the DAX in Frankfurt with 156 points more, at 15,633, and the CAC of Paris with 89 points more, at 7017.

  • Japanese stocks were up, led by big tech stocks and carriers, as the US Federal Reserve’s decision to end its bond purchases in March raised investors’ risk appetite.

  • Oil prices rose as implicit demand for oil by American consumers hit a record in the world’s top oil consumer, even as the omicron variant of the coronavirus threatens to reduce oil consumption globally.

BUSINESS

  • IAG seeks alternatives to save Iberia’s merger with Air Europa (Reuters)

  • Vodafone seeks integration in Spain (Expansion)

  • Solaria – RBC Upgrades “Underweight” to “Same Sector”; raises the target price from 17 to 18 euros (Reuters); Credit Suisse Initiates Hedging with “Overweight” Recommendation; target price: 21 euros (Reuters)

  • Merlin sells its Caprabo store portfolio to Realty Income (Cinco Días)

  • Santander will invest 6,000 million dollars in digital transformation in Latin America (Reuters)

  • Abengoa once again extends maturity terms of debt instruments (Reuters)

  • Deutsche Bank’s US M&A advisory business has been “extremely strong” in the fourth quarter, a bank executive said Wednesday, adding he was bullish for 2022 (Reuters)

  • Madrid, Barça and Bilbao take legal action against LaLiga by agreement with CVC (Reuters)

  • Airbus wins order to renew Qantas fleet (Reuters)

  • Vivendi, the main investor in Telecom Italia (TIM), is studying the possibility of pushing for a reshuffle of the Italian telephone group’s board of directors in an attempt to remove former CEO Luigi Gubitosi, according to four sources familiar with the matter (Reuters)

ECONOMY AND POLITICS

  • The Federal Reserve said Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-point interest rate hikes by the end of 2022, as the economy shrank. nears full employment and the US central bank faces rising inflation (Reuters)

  • In all likelihood, the European Central Bank will take a further step in reducing stimulus, while committing to continue supporting the financial system next year, standing firm in its view that alarming inflation will reduce on its own (Reuters)

  • Japanese exports accelerated in November as supply constraints from the country’s large automakers eased slightly, although imports hit a record on rising material costs, which could hurt consumption of households (Reuters)

AGENDA

POLITICS

– Plenary of the Congress (0900h)

– The summit of the Eastern Partnership and the European Council ends in Brussels

DEBT AUCTIONS

– The Treasury auctions government bonds and obligations

GASKETS

– Tubos Reunidos holds an extraordinary general shareholders’ meeting in Bilbao by telematic means (1000h)

DIVIDENDS

– Atresmedia distributes a dividend payable for 2021 of 0.18 euros gross per share

CENTRAL BANKS

– Monetary policy meeting of the Governing Council of the European Central Bank in Frankfurt followed by a press conference

– The Bank of England holds a monetary policy meeting (1200h)

Reference-www.estrategiasdeinversion.com

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