FINANCIAL MARKETS
EURO STOXX 50 futures rose 34 points, or 0.6%, those of the German DAX index rose 142 points, or 0.6%, and those of the British FTSE 100 rose 29 points, or 0.3%. IBEX 35 futures rose 189.7 points (+1.15%) to 16,653.5 points.
The dollar hit a five-week low, while Asian shares began Thursday’s trading session on a lackluster note, after worse-than-expected economic data cemented expectations that the Federal Reserve will cut interest rates at its meeting next week.
Oil prices rose on Thursday after Ukrainian attacks on Russian oil infrastructure pointed to possible supply constraints and stalled peace talks tempered expectations of a deal restoring the flow of Russian oil to global markets, although weak fundamentals limited gains.
COMPANIES
Telefónica’s rivals denounce the «monopoly» of the conduits to the European Commission (Cinco Días)
Telefónica plans to create 300 jobs in full ERE (Expansion)
Castlelake gives the final ‘yes’ to Neinor’s offer for its 79% of Aedas (Cinco Días)
Caixabank places a senior non-preferred bond for 500 million pounds (Reuters)
Cellnex will pay a dividend of 0.37 euros per share on January 15 and suspends the share buyback program (Reuters)
Acciona Energía completes the sale of 440 MW of wind assets in Spain to Opdenergy (Reuters)
Faes Farma plans to enter Brazil to accelerate its international presence (Cinco Días)
Mahindra entrusts BNP Paribas and JP Morgan with an accelerated placement of 3.58% of the capital of CIE Automotive (Reuters)
London summons FCC, ACS and Ferrovial for a 2,000 million project (Expansion)
ECONOMY AND POLITICS
French President Emmanuel Macron met with Chinese leader Xi Jinping in Beijing on Thursday with the aim of strengthening trade ties, as the European Union prepares to tighten its trade rules (Reuters)
The US government announced an increase in vetting of applicants for H-1B visas for highly skilled workers, with an internal State Department memo indicating that anyone involved in «censorship» of free speech will be considered for rejection (Reuters)
Federal authorities reported on Wednesday that US immigration agents began an operation in New Orleans to detain irregular immigrants in the United States, in a new operation of Donald Trump’s campaign against irregular immigration (Reuters)
The path ahead for peace talks in Ukraine is unclear, US President Donald Trump said on Wednesday, following “reasonably good” talks between Russian President Vladimir Putin and US envoys (Reuters)
Spain wants to keep its seat on the ECB board when De Guindos leaves, according to the Economy Minister (Reuters)
The United Kingdom lifts the general ban on imports of Spanish pork and adopts regional controls; Chile suspends pork imports from Spain (Reuters)
AGENDA
COMPANIES
Prosegur Compañía de Seguridad – Dividend of 0.1593 euros per share. Subscription date.
CENTRAL BANKS
Aino Bunge, first deputy governor of the Riksbank, gives a speech on the evolution of the payments market, with a focus on stablecoins and the digital euro (0700 GMT).
Catherine Mann, external member of the Bank of England’s Monetary Policy Committee, takes part in a panel at a conference in Paris on Ukraine (1245 GMT).
Piero Cipollone, member of the ECB Executive Board, moderates the panel “Priorities and challenges for fiscal policies in Europe” at a conference organized by the ECB and the IMF on fiscal policy and governance of the EU Economic and Monetary Union (EMU) (1300 GMT).
ECB Chief Economist Philip R. Lane moderates a presentation by George‒Marios Angeletos at a conference organized by the ECB and the IMF on fiscal policy and EMU governance in Frankfurt (1500 GMT).
Fed Vice Chair of Supervision Michelle Bowman speaks virtually on “Bank Supervision and Regulation” before the Florida Bankers Association Leaders Luncheon (1700 GMT).
The Vice President of the ECB, Luis de Guindos, delivers a speech at the CincoDías Awards for Business Innovation ceremony (1800 GMT).
OTHER EVENTS
Latvian President Edgars Rinkevics hosts Lithuanian President Gitanas Nauseda and Estonian President Alar Karis to discuss regional security issues, next steps to strengthen energy security, EU affairs and support for Ukraine.
At the invitation of Pope Leo XIV, the President of Mongolia, Ukhnaa Khurelsukh, pays a state visit to the Holy See.
Austrian Chancellor Christian Stocker and Romanian Prime Minister Ilie Bolojan appear before the press after a meeting (1215 GMT).
Russian President Vladimir Putin visits India at the invitation of Indian Prime Minister Narendra Modi. (Until December 5)
MACROECONOMIC DATA
0930 Eurozone – Construction PMI, Nov: Previous 44.0.
0930 Germany – Construction PMI, Nov: Previous 42.8.
0930 France – Construction PMI, Nov: Previous 39.8.
1030 UK – S&P Global Construction PMI, Nov: Expected 44.1; Previous 44.1.
1030 UK – MSC Composite PMI: Production S&P Global, Nov: Previous 51.4.
1100 Eurozone – Monthly Retail Sales: Expected 0.0%; Previous -0.1%.
1100 Eurozone – YoY Retail Sales, Oct: Expected 1.3%; Previous 1.0%.
1330 United States – Challenger Layoffs, Nov: Previous 153,074.
1430 United States – Initial unemployment claims, week Nov 29: Expected 220,000; Previous 216,000.
1430 United States – 4-week average unemployment claims, week Nov 29: Previous 223,750.
1430 United States – Continuing unemployment claims, week Nov 22: Expected 1,961,000; Previous 1,960,000.
1630 United States – Weekly variation of EIA natural gas (Bcf), week Nov 28: Previous -11,000,000,000.
1630 United States – Implicit natural gas flow EIA, week Nov 28: Previous -11,000,000,000.