FINANCIAL MARKETS
Weakness in Chinese markets drags down broader Asian stocks, while longer-dated US bond yields rise alongside the dollar as investors assess the outlook for monetary policy and inflation in the world’s largest economy.
Oil prices fall, reversing most of the previous session’s gains, weighed down by concerns about higher global production amid sluggish demand growth, with a firmer dollar exacerbating the declines.
MACROECONOMIC DATA
Today we have:
– CPI of Spain
– Eurozone GDP and unemployment rate
– IPP and US unemployment claims
– IEA monthly report
COMPANIES
ICSID orders Colombia to pay $380 million to Telefónica (Reuters)
Brookfield raises 11,000 million with Santander and Deutsche to launch the takeover bid for Grifols (El Confidencial)
Grifols will sell its hepatitis B drug in Spain (El Economista)
IAG prepares the takeoff of Vueling with 200 new pilots and more planes by 2025 (El Economista)
Iberdrola is left alone in the bid for Neoen’s renewables in Australia after the withdrawal of HMC (El Economista)
ACS accelerates purchases in Hochtief: it invests 274 million and already exceeds 80% of the capital (El Economista)
Merlin and Colonial point to an exit from Spain if the tax exemption for socimis is eliminated (Cinco Días)
Applus obtains an operating profit of 189 million euros in nine months (Reuters)
Amrest obtains a profit of 26.3 million euros in the third quarter (Reuters)
Ezentis registers revenues of 10.5 million euros in nine months (Reuters)
OHLA will pay a bond coupon maturing on September 15, 2024 (Reuters)
ECONOMY AND POLITICS
President-elect Donald Trump on Wednesday tapped loyal leaders with little experience for several key Cabinet posts, surprising some allies and making clear that he is serious about reshuffling — and in some cases put to the test—of American institutions (Reuters)
European powers are trying to get the UN atomic watchdog board to approve a new resolution against Iran next week to put pressure on Tehran for its lack of cooperation, as the world awaits the return of US President-elect Donald Trump, according to diplomats (Reuters)
After a scare earlier this year that the U.S. labor market may be cooling too quickly, some Federal Reserve policymakers are refocusing their attention on inflationary risks as they weigh when, how quickly and to what extent. cut interest rates (Reuters)