Saturday, May 28

Mixed sign for European futures after a black day


FINANCIAL MARKETS

Asian shares and US futures fell after a tumultuous session on Wall Street, with investors nervous about the situation in Ukraine and with an eye on the US Federal Reserve, amid concerns about a turn towards monetary policy. strictest in the world.

Oil prices rose, recovering some of the ground lost in the previous day, on concerns about potential supply disruptions amid rising geopolitical tensions in both Eastern Europe and the Middle East.

MACROECONOMIC DATA

The day begins with the publication in Spain of the Production Price Index (IPP). In Germany, the Ifo Business Confidence Index for January will be released. And in the United States, the data to watch will be The Conference Board’s Consumer Confidence for January and the Richmond Manufacturing Index for the same month. Also kicks off the two-day meeting of the Federal Reserve.

BUSINESS

Macquarie is looking for a partner to grow in the fiber in the middle of the ‘telecos’ dance (Expansión)

Peru considers sanctioning a refinery owned by Repsol for an oil spill, does not rule out suspending production (Reuters)

Iberia and Air Europa seek a 50% agreement to leave the State out of the capital (El Confidencial); Vueling will close the bases in Madrid, A Coruña and Asturias in April (Five Days)

Erdogan leaves 200 million euros in BBVA dividends up in the air in full takeover bid for Garanti (El Confidencial)

Cellnex refinances 2,500 million euros and promises more women in its leadership (Five Days)

Enerside Energy will be listed on BME Growth and will increase capital by 40 million euros (elEconomista.es); The biotech company Vytrus prepares its jump to BME Growth (Five Days)

Shares of Siemens Energy hit a record low on Monday, as the sale continued caused by the problems of its wind power division, Spain’s Siemens Gamesa, after the downgrade of HSBC (Reuters)

ECONOMY AND POLITICS

NATO said on Monday that it is keeping its forces in a state of alarm and that it is reinforcing its positions in eastern Europe, in what Russia denounced as Western “hysteria” over its build-up of troops on the border with Ukraine (Reuters)

This week’s Fed policy meeting could offer a glimpse of how aggressively it intends to act in an environment of global asset turmoil (Reuters)

Questioning of Boris Johnson as British prime minister increased on Monday after his office reported his birthday celebration in 2020 at his official residence, adding to the investigation into parties held during confinement by COVID-19 (Reuters)

Deutsche Bank expects the ECB to raise rates by 25 basis points on December 22 (Reuters)

POLITICS

– Council of Ministers (0930h)

– Extraordinary session of the plenary session of Congress on the validation or repeal of Royal Decree-laws (1600h)

– The Minister of Foreign Affairs, José Manuel Albares, appears in Congress to talk about the crisis between Ukraine and Russia after the meeting of foreign ministers of the European Union in Brussels

DIVIDENDS

– Prosegur pays a 25% dividend in 2021 of 0.031 euros gross per share

CENTRAL BANKS

– The meeting of the Fed Open Market Committee begins

SIGHTSEEING

– The INE publishes the monthly report on hotel occupancy in Spain for December (0900h)



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