Friday, July 1

European futures fall sharply amid omicron threat to economies

*FINANCIAL MARKETS*

Financial bookmakers expect the London FTSE to open 68 points down at 7,202, the Frankfurt DAX to open 154 points down at 15,377, and the Paris CAC to open 70 points down at 6,856.

Asian stock markets fell after the tightening of restrictions in Europe amid the increase in cases of the omicron variant of COVID-19, which threatens to depress the world economy in the new year.

Oil prices were falling, with the rise in cases of the omicron variant of the coronavirus in Europe and the US fueling fears that new restrictions on companies could affect fuel demand.

BUSINESS

Repsol will sell its stakes in two Russian joint ventures to its local partner Gazprom Neft (Kommersant)

The sale to KKR of 49% of its subsidiary for 971 million encourages Red Eléctrica to seek partners for other assets, with Hispasat as a priority (Expansion)

Sonatrach demands from Naturgy an upward revision of the price of its gas contracts (Cinco Días)

Ana Botín, president of Santander, acquires a package of options to buy 2.16 million Santander shares at an exercise price of 3.25 euros (Expansión)

65% of Telefónica shareholders opt for the dividend in securities (Reuters)

“GAM is attentive to make purchases in Spain and Latin America” ​​(Cinco Días)

Enagás and Elecnor sell two companies in Mexico to Macquarie for 173.8 billion euros (Reuters)

Vidrala agrees a dividend for 2021 of 0.84 euro / share; Vidrala extends its own share buyback program by 12 months (Reuters)

Telecom Italia reported on Friday that its former CEO Luigi Gubitosi has stepped down from his board of directors, removing an obstacle that prevented the largest Italian telephone group from appointing his successor (Reuters)

ECONOMY AND POLITICS

The Netherlands entered a new lockdown on Sunday, as the possibility of further restrictions before the Christmas and New Year holidays loomed over several European countries, as the omicron variant of the coronavirus spread rapidly (Reuters)

China cut its benchmark lending rate for the first time in 20 months, in an attempt to prop up growth in its slowing economy, although it remains cautious about easing conditions in the country’s highly leveraged housing market ( Reuters)

China to tighten enforcement of antitrust laws (Reuters)

Leftist Gabriel Boric becomes Chile’s new president (Reuters)

US Senator Joe Manchin, a moderate Democrat key to the US president’s hopes of passing a $ 1.75 trillion national investment bill, said Sunday that he will not support the package, prompting disapproval from the White House. (Reuters)

Fed Governor Chris Waller, a notorious “hawk,” says he believes a rate hike in March is “very likely” and that the central bank could start cutting its balance sheet in mid-2022. of the San Francisco Fed, Mary Daly, refused to rule out a hike in March and was in favor of making up to three hikes next year (Reuters)

British Brexit Minister David Frost resigns in a blow to UK Prime Minister (Reuters)

Villeroy: ECB will keep monetary policy options open (Reuters)

*AGENDA*

– The Minister of Justice, Pilar Llop, takes part in an informative meeting in Madrid (0900h)

– The Minister of Economy, Nadia Calviño, appears before the Mixed Commission for relations with the European Union in Congress â ???? (1600h)

– The Commissioner for the Economy of the European Commission, Paolo Gentiloni, closes the Green and Digital Europe cycle in Madrid (1330h)

– Braskem distributes interim dividend for 2021

Reference-www.estrategiasdeinversion.com

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