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Tag: Spain

Spain Final Q1 Economy slipped 0.3 Pct Q/q and 0.4 Pct Y/y - Ine

May 17 2012 08:01:05 Forexbrokerz.com in Market

The Spanish economy slipped 0.3 pct in the Q1, final official data showed. The economy narrowed by 0.4 pct y/y in line with consensus, and down from growth of 0.3 pct in the Q4 The material has been provided by Instaforex Company - instaforex. Read more

Research: Spain Remains on the Rating Agencies' Radars

May 14 2012 15:01:08 Forexbrokerz.com in Market

Quotes from Societe Generale Cross Asset Research: -On a reassuring note, Spain said this morning it has now covered 53% of its bond issuance for the year. However, in its spring forecasts released last Friday, the European Commission said itis likely to miss its 5. Read more

Research: German Spread With Spain Widens Again

May 14 2012 10:01:08 Forexbrokerz.com in Market

Quotes from Societe Generale Cross Asset Research: -Political turmoil in Greece weighed on markets after last week's unclear election outcome, -Significant political uncertainty in the short term pushed the euro to a 4-month low trading range against the US dollar, -The thought-to-b... Read more

Spain Raises 2.9 Bln Euro in Short-Term Debt, Yields Grows

May 14 2012 09:31:12 Forexbrokerz.com in Market

Spain raised 2.9 billion euros in 12- and 18-month Treasury bills Spain sold 2.2 billion euros of 12-month T-bills at a yield of 2.985 pct, up from an average yield of 2.623 pct at pvs auction The Treasury auctioned 711 million euros of 18-month bills at a rate of 3.302 pct, after 3. Read more

Spain Will Meet 2012, 2013 Deficit Targets - Econ Min

May 11 2012 14:31:30 Forexbrokerz.com in Market

Spain would meet its public deficit target of 5.3 pct of GDP in 2012 and target of 3 pct in 2013 - Eco Min Guindos He also said that Bankia was solvent ,and plans to restructure the bank would be presented in a few weeks. The material has been provided by Instaforex Company - instaforex. Read more

Spain Govt Approves Banking Sector Reform

May 11 2012 13:31:08 Forexbrokerz.com in Market

Spain's conservative Govt passed the second banking sector reform since it took power in Dec Deputy PM said would order an independent audit of entire real estate portfolio of the country's banks The material has been provided by Instaforex Company - instaforex. Read more

Spain Financial Sector Reform Does Not Consider State Funds for Banks - Deputy Pm

May 11 2012 13:31:08 Forexbrokerz.com in Market

Spain's financial sector reform will force banks to raise their own capital, without the aid of state funds, though may seek aid through a convertible share mechanism - Deputy PM Deputy PM added that for convertible share mechanism the banks are charged around 10 pct on the original loan Quote... Read more

Spain Banks to Raise Property Cover by Extra 30 Bln Euros - Govt

May 11 2012 13:31:07 Forexbrokerz.com in Market

Spain govt to enforce its banks to increase property loan cover provisions to 30 pct from 7 pct The move would mean an extra 30 billion euros of provisions made by the banks, and would cover total real estate asset and loan portfolios to 45 pct Econ Minister Guindos said provisions against re... Read more

Spain Final April Cpi 2.1 Pct Against 1.9 Pct in March, Roughly in Line With Estimates

May 11 2012 08:01:02 Forexbrokerz.com in Market

Spanish national consumer prices rose 2.1 pct y/y in April compared to 1.9 pct in March Spanish European Union-harmonized prices rose as expected 2.0 pct y/y ,up from 1.8 pct in March Core inflation was 1.1 pct y/y compared to a reading of 1.2 pct a month earlier. Read more

Spain Likely to Meet Goals, Doesn't need more Time-Eu Official

May 10 2012 16:31:13 Forexbrokerz.com in Market

Spain can meet its 2013 budget deficit target and the govt is not seeking an extra year to do so - senior EU official told Reuters EU official said this week that the European Commission will forecast on Friday that Madrid is set to miss its fiscal targets  Quotes      "I d... Read more

Eu Commission Expects Spain to Miss Budget Target

May 09 2012 17:01:03 Forexbrokerz.com in Market

EU commission said Spain is likely to miss its deficit target and next year until and unless it takes new measures EU's executive arm will announce its economic outlook for the 27 countries in the region for this year and next on Friday Madrid has promised to reduce the public deficit to 5. Read more

Eu Shares Settle Lower on Greece and Spain Worries

May 09 2012 16:31:02 Forexbrokerz.com in Market

European shares ended lower at their lowest level in four months on worries over Greece and Spain The FTSEurofirst 300 index provisionally closed down 0.4 pct at 1,013.55 points The Spanish stock market was down by 2.8 pct. Britain's FTSE 100 index fell 0.5 pct France's CAC-40 index shed 0. Read more

Spain, Portugal Firmly committed to Budget Consolidation - Leaders

May 09 2012 14:31:03 Forexbrokerz.com in Market

Spain and Portugal are committed firmly for budget consolidation and want Europe to deepen its efforts to boost economic growth and employment Spain and Portugal leaders say in statement Europe confronting "particularly" demanding challenges Quotes "Let us be very clear, there is no economic g... Read more

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