FINANCIAL MARKETS
Asian stocks are set to end a difficult November on steadier ground as revived hopes of an interest rate cut in the United States help calm jitters over high stock valuations, sending Treasuries rising for the fourth straight month.
Brent futures are little changed as investors remain focused on peace talks between Russia and Ukraine and the outcome of Sunday’s OPEC+ meeting for clues to possible changes in a supply that has weighed on prices.
MACROECONOMIC DATA
Today, in the last trading session of the month, we will have:
– Advance CPI and retail sales of Spain
– CPI, Import prices, unemployment and retail sales in Germany
– CPI and GDP of France and Italy
– Japan industrial production
COMPANIES
David Martínez leaves the Sabadell board after the failure of the BBVA takeover bid (Reuters)
Caixabank reduces its share capital by 61 million euros (Reuters)
Telefónica receives five offers for the sale of its logistics subsidiary Zeleris (El Economista)
Murtra defends making “painful” decisions so that Telefónica is effective and has a European scale (Cinco Días)
JP Morgan resumes coverage of Indra with a «neutral» recommendation and a target price of 50 euros (Reuters)
Indra starts its ‘M&A’ plan with Hispasat, with EM&E on the horizon (Expansion)
Ferrovial sets the price of its 400 million euro convertible bonds at 69 euros per share (Reuters)
OHLA registers a net loss of 45.6 million euros in nine months (Reuters)
Nextil signs a partnership agreement with Maxum for the NextGreen program (Reuters)
ECONOMY AND POLITICS
US President Donald Trump said on Thursday that his government will «permanently suspend» immigration from all «third world countries», following an attack near the White House that he attributed to failures in Biden-era immigration control (Reuters)
Japanese Prime Minister Sanae Takaichi’s government on Friday approved a $117 billion supplementary budget for this fiscal year to finance a massive stimulus package, which will be largely financed by issuing new debt (Reuters)
Germany’s parliamentarians are close to approving spending 2.9 billion euros ($3.4 billion) on 11 military procurement contracts, including drones, rifles and missiles, deals that will largely go to domestic manufacturers, Bloomberg News reported on Friday (Reuters)
An outage at stock trader CME Group on Friday halted trading on its popular forex platform and in futures covering currencies, commodities, Treasuries and stocks, freezing a number of benchmark indices as brokers withdrew products (Reuters)