A head start in Spanish equities

Also available in Spanish, see next article.

First of all, let’s be clear. The following is not investment research/advice.?And, as such, it involves no investment recommendations. These are notes I take to keep myself current on newsflow regarding Spanish equities. I share them freely (and not just as regards price). As always, I am only trying to help. Please read the rest of the “discomplainer (*)” at the end of the article.

Stories in alphabetical order

Banks sector??(-/=) The average mortgage falls 8.5% since the highs of 2022 (Expansion p16)

(=) The ECB calls for bank prudence on capital ahead of the stress tests (Cinco Dias p3)

BBVA???(=) BBVA offers a bitcoin-linked product to retail investors (Expansion p15)

Grifols??(=) Will lower its stake in Shanghai Raas from 26.2% to 4.8% (El Economista p26)

IAG???(=) IAG proposes to boost the Portuguese hub with the acquisition of TAP (Expansion p4)

Investment Strategy???(=) The Ibex index rises 0.09% to 9,274, with prudence ruling the market (Expansion p20)

(=) The opposition PP’s plan includes fiscal support to investment, a cut in personal income tax and the “Austrian backpack” (Expansion p24)

(-/=) The Government extends the cut in VAT on food one month from the elections (Expansion p24)

Macro??(+/=) Wholesale prices fell 6.9% YoY in May vs. -4.5% in April, with prices ex energy rising 2.9% vs. 4.1% (National Statistics Institute)

(-/=) “Brussels” estimates at c.1m the hidden unemployed in Spain (El Economista p34)

Utilities & Ren sector??(=) Energy companies unite to ask the Government to double its renewables plan (Expansion p3)

*The above information has been read/understood/summarised/evaluated/copied as well as I could to provide a guide to Spanish equities (as part of a personal research project on the impact of information transparency on the market i.e. “derecho de cita”), given available timing/intellectual constraints, and I accept no liability for misreading and/or mistranslating the original copy (which I urge you to check, as I am only trying to point you in the right direction, I hope). As for what you may decide to do, after reading the above, please contact your legally approved provider of investment advice on Spanish equities. Feel free to copy (but remember to check the original first).