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Tag: Spain

Spain Mortgage Lending On Houses Falls In November

Jan 24 2012 09:31:03 in Market

Mortgage lending on houses in Spain decreased sharply from last year in November, data released by statistical office INE showed Tuesday. The value of mortgage loans on houses fell 38.7 percent on an annual basis in November. The number of mortgages for residential properties decreased 35. Read more

Spain Expects Economy to Contract 1.5 Pct in 2012, and Grow Modestly in the Year Next

Jan 23 2012 10:31:06 in Market

News Bank of Spain said in its quarterly report on Monday that it expects Spain's economy to contract by 1.5 pct in 2012 and post modest growth of 0.2 pct next year The data showed that the economy grew by 0.7 pct in 2011 but contracted by 0. Read more

Research: 5-Year Yields Sharply down Since Ltro for Italy and Spain

Jan 23 2012 10:31:06 in Market

Quotes from Societe Generale Cross Asset Research: -Change in the head of ECB had a direct positive impact on peripheral bonds. -Although 5-year yields for Italy and Spain are far from reaching the levels of German yields, the gap has narrowed further since LTRO was announced. Read more

Spanish Economy Likely Contracted 0.3% In Q4: Bank Of Spain

Jan 23 2012 10:01:03 in Market

The Spanish economy probably shrank 0.3 percent quarter-on-quarter in the fourth quarter, the latest estimates from the Bank of Spain revealed Monday. Read more

Encouraging U.s. Banks Results and Successful Debt Auctions in Spain and France Buoy Seoul and Japan Markets

Jan 20 2012 07:31:04 in Market

News The Korea Composite Stock Price Index closed 1.82 pct higher at 1,949.89 points, a near 6-mth closing high The Nikkei advanced 1.5 pct to 8,766.36, while the broader Topix advanced 2 pct to 755.47 Markets were boosted by encouraging U.S. Read more

Euro steady After Successful Bond Sales in Spain and France on Thursday

Jan 20 2012 05:31:03 in Market

News Euro held steady near two-week highs, supported by short-covering after successful bond sales in Spain and France boosted risk sentiment The single currency rose to as high as $1.2973 earlier on Friday but later pared gains to trade at $1. Read more

France, Spain Borrowing Costs Decline

Jan 19 2012 13:31:06 in Market

France and Spain saw borrowing costs decline in the first bond auctions they held since Standard & Poor's downgraded their credit ratings last week. The countries tested the market after Portugal and Germany held successful auctions on Wednesday, raising a total of EUR 5.939 billion. Read more

Spain Raises EUR 6.61 Bln From Bond Auction, Exceeds Target

Jan 19 2012 10:31:03 in Market

Spain successfully raised EUR 6.61 billion from the sale of its bonds maturing in 2016, 2019 and 2022 on Thursday, far exceeding the maximum target set for the auction, reports said. The Spanish Treasury had planned to raise between EUR EUR 3.5 billion and EUR 4.5 billion from the sale. Read more

Spain Plans to Shut All Loss-Making Public Bodies As Part of Efforts to Cut Deficit

Jan 18 2012 09:31:04 in Market

News Spain's govt mulls closure of all loss-making public bodies as part of its efforts to slash deficits - minister in charge of public administration The closure plan which was initiated by the previous centre-left govt would now be revived to help cut the deficit and expunge hidden debts fr... Read more

Spain Borrowing Costs Fall As Markets Shrug Off S&P Downgrade

Jan 17 2012 13:31:04 in Market

Spain saw its borrowing costs decline on Tuesday in the first debt auction since rating agency Standard & Poor's downgraded its credit rating last week. The Spanish Treasury raised EUR 4. Read more

Spain Debt Auction Meets Target

Jan 17 2012 10:31:26 in Market

Proceeds from the first auction of Spanish debt following the credit rating downgrade by S&P last week met its maximum target. The Spanish Treasury raised EUR 4.88 billion from the 12-and 18-month treasury bills sale on Tuesday versus its target of between EUR 4 billion and EUR 5 billion. Read more

Spanish Pm Does Not Fully Rule Out more Tax Hikes, But says There are Chances That Spain Could Meet Deficit Targets Without

Jan 16 2012 17:31:20 in Market

News Spanish PM Mariano Rajoy said that Spain would meet its deficit target without further tax hikes, but added that he does not categorically rule out further tax hikes Rajoy also said that Europe should move ahead quickly with a financial transactions tax The material has been provided by Ins... Read more

Spanish Pm Rajoy Wants Spain to Keep ECB Executive Board Seat

Jan 16 2012 17:31:20 in Market

News Spanish PM Mariano Rajoy said on Monday that he is pushing for Spain to maintain a seat on ECB's executive board Rajoy said that Spain's gross domestic product and status in Europe were consistent with maintaining the seatThe material has been provided by Instaforex Company - instaforex. Read more

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