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
That’s according to the Spanish econ ministry. Last week the Bank of Spain also raised their forecasts to 1.3% from 1.25 for 2014 and 2.0% from 1.75 for 2015 Economic minister Luis de Guindos adds that the economy is entering … Continue reading
Eat our dust says the Spanish budget minister Christobal Montoro. He also says that Spanish companies cut debt by €200bn in the past two years and he sees consumption rising faster than expected. Bold words indeed. Mind you, it wouldn’t … Continue reading
The IMF have upgraded Spain’s 2014 growth forecast to 1.2%. Simon Nixon from the WSJ quipped on twitter that this time last year that was their forecast level for 2018. @HigherWayne also joined in the tweeting with a story that … Continue reading