FINANCIAL MARKETS
Euro Stoxx 50 futures rose 10 points, or 0.17%, those of the German DAX index gained 40 points, or 0.17%, and those of the British FTSE 100 rose 2.5 points, or 0.03%, at 0600 GMT.
MACROECONOMIC AGENDA
– Eurozone GDP in Q3.
– Third quarter job creation in the eurozone
– Industrial production in Spain and France
– Factory orders in Germany in October
– October retail sales in Italy
– Personal expenses and income
– Consumer inflation (PCE) (the price indicator that the Fed follows the most)
– University of Michigan Consumer Confidence for December
– In addition, the ECB’s chief economist, Philip R. Lane, appears, participating in a panel on “Global imbalances and the international monetary order” at the CEPR Paris Symposium.
COMPANIES
Ferrovial sees more opportunities in airports in the United States, according to its CEO (Reuters)
ScottishPower, a subsidiary of Iberdrola, obtains approval to invest around 14 billion euros in its networks in the United Kingdom (Reuters)
Entel and América Móvil break their alliance and will bid separately for Telefónica Chile (Cinco Días)
Sacyr establishes Voreantis and negotiates an agreement for its Italian ‘jewel’ to launch the sale (El Economista)
Cox states that the second partial execution of the capital increase was subscribed by 42 Cox Energy shareholders (Reuters)
The founding families of Fluidra transfer 20% of the company’s shares to ABDE Partners (Reuters)
OHLA reduces the sentence for the works on the Qatar hospital to just half a million and will release 28 million to return to profits (El Economista)
Moeve signs an agreement with Mistral AI (Reuters)
ACS paralyzes the sale of Clece for fear of union and political reaction (El Confidencial)
CPB Contractors, a subsidiary of CIMIC, wins the consortium for enabling and land area works at Perth Airport (Reuters)
Amrest completes its buyback program by acquiring 1.63% of the share capital (Reuters)
Spanish Grupo Costa will invest 300 million dollars for pork production in Paraguay: President Peña (Reuters)
Volkswagen subsidiary Seat proposes an import quota to replace EU tariffs (Reuters)
A Spanish union says it warned of quality problems at a local Airbus supplier (Reuters)
ECONOMY AND POLITICS
U.S. trade with China should be balanced and probably smaller, U.S. Trade Representative Jamieson Greer said on Thursday, adding that he thought a 25% drop in goods trade with China was going in the «right direction» (Reuters)
Chinese President Xi Jinping accompanied his French counterpart, Emmanuel Macron, to Chengdu on Friday, an unusual gesture that seems reserved for the leader of Europe’s second largest economy and which highlights the importance that Beijing attaches to Paris in its relations with the European Union (Reuters)
The Reserve Bank of India (RBI) on Friday cut its benchmark interest rate by 25 basis points and took steps to boost banking sector liquidity by up to $16 billion to support an «optimal economy» (Reuters)
The new public housing company, Casa 47, will offer rental contracts of up to 75 years (La Vanguardia)