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European economy

Talgo diferente

European economy 4th June 2024

Talgo secures financing for €280-million contract for construction and maintenance over 15 years of seven night trains in Egypt

Renta 4: According to press reports, the Egyptian House of Representatives has approved the financing for the project awarded to Talgo in 2022 for the construction of seven night trains, as well as their maintenance for 15 years. The contract is worth €280 million, of which €200 million corresponds to the construction of the trains and the rest to maintenance work. Assessment: We consider the news to be positive as…

airbus cartel 1

European economy 4th June 2024

Airbus to take order for nearly 200 A350 aircraft with Qatar Airways soon

The airline is close to finalising an order for nearly 200 wide body aircraft, which it would split between Airbus’ A350 (8% of the airline’s total orders) and Boeing’s 777X, according to Reuters. The news indicates that the order could be formalised at the Farnborough air show to be held at the end of June. Assessment: Positive news if confirmed, which would support Airbus’ recent announcement to increase its production…

cie automotive

European economy 3rd June 2024

CIE Automotive and EIB sign €36m loan for RD+I

Link Securities | The European Investment Bank (EIB) and CIE Automotive (CIE) have signed a €36 million loan to finance the company’s research, development and innovation activities and their application in the manufacture of high value-added components for the automotive sector. The funding will also support CIE’s investments in process optimisation through digitisation and the development of more sustainable manufacturing technologies. The investments will be carried out at the company’s…

Aena nuevita

European economy 1st June 2024

Aena interested in acquiring UK airports held by Ferrovial and Macquarie fund

Norbolsa | Aena (AENA) is interested in acquiring the UK airports of Aberdeen, Glasgow and Southampton owned by Ferrovial and the Macquarie fund, which are looking to sell 100% of their stakes for around €1,000 million.The deal fits in with Aena’s strategic plan to expand its business outside Spain, as well as Ferrovial’s strategy as it continues to seek an exit from UK airports.

euros recurso

European economy 31st May 2024

Money supply picks up in Eurozone with a 1.3% annual increase, up from 0.9% in previous month

Banca March: In the eurozone, the money supply is recovering. April’s figures showed M3 growth of +1.3% year-on-year, four tenths of a point higher than in the previous month, signalling a revival in money supply. On the side of loans to the private sector, those related to households repeated growth rates of +0.2% year-on-year, while loans to non-financial companies moderated one-tenth of a point to +0.3%.

mercado Laboral trabajadores

European economy 28th May 2024

Concerns about wage growth to make ECB more cautious

Martin Wolburg (Generali AM) | Markets remain concerned in the home stretch of the fight against inflation that central banks should only reluctantly ease rates. Recently, ECB Governing Council members such as Schnabel and de Guindos warned about wage growth developments as an upside risk to inflation. Last week, German official wage data for the first quarter (+6.2% year-on-year) pointed in that direction and, at the eurozone level, negotiated first…

matricula

European economy 27th May 2024

EU car registrations up 13.7% year-on-year in April vs. 5.2% drop in March

Link Securities | The European Automobile Manufacturers Association (ACEA) yesterday reported that European Union (EU) passenger car registrations rose 13.7% year-on-year in April (-5.2% in March) to 914,000 units, driven by solid increases in all major markets. Sales in most EU markets recorded gains, including Spain (23.1%), Germany (19.8%), France (10.9%) and Italy (7.7%). In turn, electric car registrations in the EU grew by 14.8% to 108,500 units and their…

eurozona mapa billete 1

European economy 24th May 2024

Eurozone economic recovery accelerates: new orders rise at fastest pace in more than a year

CdM | The economic recovery in the eurozone gained momentum in May. “It seems that the results could not have been better”. The PMI index “reveals that the euro area economy is strengthening further”. Indeed, the pace of expansion was solid, accelerating for the second month in a row to the fastest in twelve months. The overall expansion was again driven by the services sector, with business activity increasing for…

ESMA logo 2023

European economy 23rd May 2024

ESMA publishes 20 recommendations to boost European markets

Emisores | The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published the position paper Building more efficient and attractive capital markets in the EU, which includes 20 recommendations to “strengthen EU capital markets and address the needs of European citizens and businesses.” ESMA’s recommendations for a well-functioning capital market focus on three dimensions: citizens, businesses and the EU regulatory and supervisory framework. According…

Reino Unido economia

European economy 23rd May 2024

UK headline inflation in April down to 2.3% vs. 3.2% in March, core down to 3.9% vs. 4.2% in March

Bankinter : UK inflation slows sharply in April, although it came out slightly higher than expected – CPI (April): +2.3% year-on-year versus +2.1% expected and +3.2% previously. Underlying: +3.9% vs +3.6% expected and +4.2% previously. Assessment: Despite disappointing expectations, the deceleration is significant and this is good news on the UK inflation side. The price level decelerates for the second consecutive month, after stagnating at +4.0% at the beginning of…