BancaMarch | On the first day of the week, the Brent benchmark rose 2.7% to $75.1/barrel in light of the cartel’s announcement to delay the increase in production for the second consecutive month. For its part, the yellow metal remained unchanged on the eve of the US elections. With a cumulative increase of 32.7% in the year, gold is positioned as one of the main winners in the midst of...

Bankinter | Brent is up 1.8% to near $75/b following OPEC’s decision this weekend to delay the expected oil production increase for December by another month. For reference, it is currently cutting 5.86 million barrels of oil per day (bpd), which corresponds to about 5.7% of world oil demand. Within the aforementioned cuts, 3.66M bpd will be extended until the end of 2025 and the remaining 2.2M bpd will be...

Bankinter | The EU confirms the imposition of tariffs of up to 45% on imports of electric vehicles from China. The proposal was approved at the beginning of October with the favourable vote of 10 members (France and Italy, among them), the opposition of 5 (Germany being the most notable) and the abstention of 12 (Spain, for example). This decision allows the European Commission to implement the tariffs for a...

Renta 4 | According to press reports, Grenergy has signed an agreement with the Chinese supplier CATL for the supply of 1.25 GWh of battery storage, thus covering Phase 4 of the Oasis Atacama project (out of a total of 1.25 GWh). Assessment: Positive news. Currently, Grenergy only has BYD as its exclusive battery supplier (Phases 1, 2 and 3 of Oasis Atacama). The introduction of new suppliers should increase...

Link Securities | The consortium formed by Sacyr (SCYR), Acciona (ANA) and CAF have managed to get the Multilateral Bank and Empresa Metro de Bogotá to disqualify two of the three Chinese consortia bidding for the the contract for the project of the construction and operation of the second line of the Metro de Bogotá (Colombia), the largest project in Latin America by investment budget, about €6,500 million, according to...

Alphavalue / Divacons | The Spanish fashion company launches Zara ‘Pre Owned’, the brand’s second-hand, garment repair and donation platform, in the United States, the first market outside Europe where it is launching this initiative, company sources told Europa Press. Thus, it joins the 16 European markets where it already offers repair, donation and sale between individuals: Germany, Austria, Belgium, Croatia, Slovakia, Slovenia, Spain, Finland, France, Greece, Ireland, Italy, Luxembourg,...