A head start in Spanish equities (22/7/24) IDR ADZ Trade balance Real Estate NTGY ENA Legislation Ibex
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Stories ranked by order of importance
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Indra??? (+/=) Escribano says that it want to increase its Indra stake beyond the current 8%, considering it a “strategic” investment to participate in the national champion (Expansion p4)
Adolfo Dominguez?? (+/=) 1Q24 (Mar-May) loss of €1.8m -47% on revenues of €24.1m +10.5% and EBITDA of €2.1m 5x (Expansion Sat p6)
Trade Balance??(=) May trade deficit of €2.348bn vs. €3.111bn on exports of €34.716bn +2.3% and imports of €37.065bn flat (Ministry of trade)
Real Estate??(-/=) The failure to approve the Land Law reform paralyses housing construction (El Economista Sat p8)
(-/=) The number of mortgages on homes registered in the Property Registry in May fell 18.2% YoY (National Statistics Institute)
Naturgy?? (+/=) Naturgy and Sonatrach sign the peace with multibillion gas contracts (Expansion p3)
Enagas? (=) Wants to take hydrogen to Europe through Verbund (Expansion p6)
Legislation??(-/+) PM Sanchez manages to get two legislative reforms approved and leaves ten others awaiting in the first year of his current term (El Economista Sat p6)
Ibex? (-) The Ibex index falls 0,54% to 11,087, with CrowdStrike shaking the market up (Expansion Sat p16)
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