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 rate rises 89% in 12 months to 3.84% in August and activity falls by €7.532bn (Expansion p18)
Construction sector??(=) ACS and Ferrovial not impacted by the elimination of the Manchester-Birmingham high speed train link (Expansion p3)
IAG??(+/=) S&P removes IAG from the junk bond list (changes rating from BB+ to BBB-) and expects the boom to continue (Expansion p14)
领英推荐
Investment Strategy??(-) The Ibex index falls 0.68% to 9,102, with the market reconsidering the Fed stance (Expansion p22)
(+/=) Spain and Italy are beneficiaries of the end of tax advantages for foreigners in Portugal (Expansion p28)
(-/=) The cost of dismissals and working hours are an obstacle to an agreement between the Socialists and Sumar (Expansion p31)
Unicaja?(=) Santalucia will exceed a 5% stake without asking for a seat on the board (El Economista p5)
*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).