Spain’s industry minister Jose Manuel Soria has said that an independent Scotland would be bad for the Scots and would mean international isolation, and a yes vote would leave the Scots outside of the EU. He also said that August … Continue reading
Separatism is is like a fire you can never put out. Sometimes it’s a wildfire and sometimes a faint smudge. The referendum in Scotland has helped rekindle the separatist movement in Catalonia and today for Catalan national day as many … Continue reading
Facing deflation due to significant slack Credit growth to stay modest for extended period Spain on the road to recovery but challenges remain “The courageous reforms enacted over the past two years are paying off. The economy is growing again, … Continue reading
Spain raked in a billion euros in its first-ever 50-year bond sale today. We don’t know the yield because it was in a private placement but it came with a 4% coupon so that’s a decent guide. Spanish 30-year yield … Continue reading
And has recovered the trust of international financial markets, says Jose Manuel Soria, Spain’s minister for industry. And good luck to them as they seem to be slowly finding their feet once again.
The Spanish property market still has a very long way to go to show a decent recovery.
Prior -122.7 -0.67% vs -2.68% in June Total unemployed 4.4m
54.5 exp weaker than before but still 8th successive month of growth ( reading above 50) mftg employment index slips to 51.7 vs 53.0 in June EURUSD 1.3382
Details from the Bank of Spain
We heard earlier how the econ ministry has ramped up Spanish growth forecasts and not the econ minister says that tomorrows Q2 numbers will match the Bank of Spain’s 0.4% estimate for qoq growth. The market is looking for slightly … Continue reading