A head start in Spanish euquities (7/3/25) Banks ACS Taxes Pensions Budget MDF Ibex

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None of what follows is investment advice

Stories ranked by order of importance

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Banks??(+/-) The ECB cuts rates to 2.5% but sows doubt about further cuts (Expansion p13)

ACS? (-/=) Abertis gives up on fighting the Government for the €4.3bn related to the AP-7 motorway (El Economista p8)

Taxes? (-/=) Regional governments stop adjusting the personal income tax for inflation (Expansion p22)

Pensions??(-/=) Over one third of regions have less than two affiliates to Social Security per pensioner (El Economista p26)

Budget?(-/=) The public sector payment period exceeds that of corporates for the first time since 2014 (Expansion p29)

Duro Felguera? (-/=) The Prodi Group travels to Argelia to convince Sonelgaz to allow it to exit the unfinished CCGT plants without penalisation which would help to save the Company from bankruptcy (Expansion p7)

Ibex??(+) The Ibex index rises 0.15% to 13.234 due to the lower tariff pressure (Expansion p17)