A head start in Spanish equities (12/3/25) Defence spending Regional financing Economy Euro MDF IDR PSG Ibex
Also available in Spanish, see next article, and in X (aka Twitter).
None of what follows is investment advice
Stories ranked by order of importance
?
Defence spending?? (-/=) PM Sánchez guarantees to the leader of the Sumar coalition government junior partner that the rise in Defence spending will be carried out without any cut in social spending (Expansion p33)
(=) The EU propose to spend its increase in Defence spending in Europe (Expansion p32)
(=) The Ecofin resists introducing long term flexibility in the fiscal rules as requested by Germany (El Economista p27)
Regional financing? (-/=) Catalonia asks for €8.5bn from the Regional Liquidity Facility (FLA) after approval of a debt haircut of 22% (Cinco Dias p20)
Economy? (+/-) Bank of Spain revises up by 0.2pp its estimate of GDP growth for 2025 to 2.7%, but warns of the risk of sharp falls in the markets (Expansion p30)
(-/=) Bank of Spain credits government spending with up to 40% of GDP growth (El Economista p25)
Euro??(+/-) The Euro rises 5.5% this year, on the way to 1.2 to the dollar (Expansion p19)
Duro Felguera??(=) The Prodi group and the government owned Sepi holding company maintain Duro Felguera alive while they negotiate their separation (Expansion p8)
Indra??(-/=) Meets with Santa Barbara para explorar una compra entre el recelo de General Dynamics (El Confidencial)
Prosegur??(+/=) Will show double digit growth in 2025 due to the international market (Expansion p8)
Ibex? (-) The Ibex index falls 1.57% to 12,877, after the reactivation of the tariff war by US president Trump (Expansion p18)
?