Telefónica will achieve a historic profit that is only ‘extraordinary’

The first meaning that the Royal Spanish Academy collects for the word “extraordinary” refers to something that “is outside the natural or common order or rule”, the second refers to something that “is added to the ordinary”. Well the benefits of Telefónica expected for this year fit perfectly with both entries. The 10,158 million that … Read more

Bank of America declares bearish in the face of “rate shock” in the making

The team led by Michael Hartnett, the chief investment strategist at Bank of America Securities, says they are “bearish” on the market given the “shock” on interest rates looming next year. In a report distributed this week to his clients, Hartnett estimates that inflation will push rates up, with the potential risk that the Federal … Read more

Luis de Guindos: “The recovery will continue despite the sixth wave of the coronavirus”

The vice president of the European Central Bank (ECB), Luis de Guindos believes that the sixth wave of coronavirus infections will have a lesser impact than the previous ones and that the European economy will continue to expand. “I am convinced that the European economy will continue to expand. Economic activity has been adapting to … Read more

Citi warns that the risk of rising prices and wages is the highest in half a century

Citi’s chief economist for the United States, Andrew Hollenhorst, highlights in a report distributed to his clients on Tuesday that, since the beginning of this year, his team has maintained that inflation is above the targets set by the Federal Reserve it would probably be more persistent what the market and the officials of the … Read more

How the US bluff with crude reserves could end in a new oil crisis

23/11/2021 – 11:54 Updated: 16:15 – 23/11/21 The US and other net oil importing countries have made their threat a reality. Washington has announced that it will release 50 million barrels from its strategic reserves with the collaboration of Japan, China, the United Kingdom, India and South Korea. However, this well-intentioned action can end up … Read more