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 ECB vice president calls for prudence in bank dividends (Expansion Sat p21)

Construction sector?(-/=) Contractors decide to go abroad due to the veto to the introduction of tolls on government owned motorways (Expansion Sat p5)

Duro Felguera?(=) Indra and Oesia buy 60% of Epicom from Duro Felguera for €5.32m (Expansion Sat p8)

Hotels?(=) Hotel night stays rise 1.2% YoY in August with average ADR +6.67% and RevPAR +6.84% (National Statistics Institute)

IAG?(=) Iberia leads the recovery in business travel after the pandemic (Expansion p8)

Investment Strategy?(-) The Ibex index falls 0.49% to 9,502, as the fear of higher rates impacts markets (Expansion Sat p22)

(-/=) Deputy PM Diaz calls for prudence when eliminating fiscal aid due to its strong impact (Cinco Dias Sat p28)

Lar Espa?a?(=) Enters the bidding for the Islazul Madrid shopping centre (Expansion p14)

Macro?(=) 2Q23 GDP grew +0.5% QoQ vs. +0.6% in 1Q23, with domestic demand rising 1.0% vs. +0.2% (National Statistics Institute)

(=) The tourism boom will keep underlying inflation at 4.1% this year (El Economista Sat p43)

Santander?(=) Will distribute €2.6bn in remuneration to shareholders via dividends and buybacks (Expansion p17)

*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).