EFE Economic Day topics for Thursday, March 21, 2024

Spain deficit

Madrid – Finance Minister María Jesus Montero presented the public administration deficit data for 2023 at a press conference, with Prime Minister Pedro Sánchez announcing that the public deficit had fallen to 3.7% of GDP, two-tenths less. expected and is one point lower than in 2022.

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Holy Week Fuels

MADRID – The European Union released its weekly report on average fuel prices, which arrive at the Easter gates with an increase of more than 5% so far this year, after posting consecutive increases since January.

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IBERDROLA STRATEGY

MADRID – Iberdrola has updated its 2024-2026 strategic plan, which includes a forecast of 5% and 7% higher earnings (excluding capital gains from asset cycles) for this year and the first time in its 120-year history. 5,000 million profit.

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Seat results

BARCELONA – Automobile manufacturer Seat presents its results for the 2023 fiscal year and announces its strategic priorities for 2024 and the years ahead.

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EU Morocco

BRUSSELS – The General Counsel of the Court of Justice of the European Union has ruled in appeals by the European Commission and the Council against rulings annulling trade and fisheries agreements between the European Union and Morocco.

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Information agenda

8:30 am- Madrid.- Real Estate Financing.- The annual event 'Real Estate Financing Forum' brings together more than 30 speakers to learn about news and perspectives on real estate financing. C/ de José Ortega y Gasset, 29 (El Beatriz Madrid)

10:00 am- Madrid.- EU ACTIVITY.- S&P Global releases Eurozone Flash PMI for March. (Text)

10:00 am- Madrid.- Spanish deficit.- The Minister of Finance, María Jesús Montero, presents in a press conference the progress towards the execution of the budget of the public administrations for 2023. Ministry of Finance. C/ Alcalá, 9 (Text)

10:00h.- Madrid.- ENERGY ECONOMY.- The Foundation for Energy and Environmental Sustainability (Funseam), in collaboration with the Repsol Foundation, will host the conference “Energy and Economy”, which will be opened by the General Director. FunZeem, Joan Batalla, and Antonio Bruffa, president of Repsol, closed the campus with Repsol. (C/ Méndez Álvaro, 44)

10:00 a.m.- Madrid.- Funding meeting.- UNICEF President Mirenju del Valle; CEO of Línea Directa, Patricia Ayuela; Juan Pablo Galán, CEO of Verti and Director of Digital Business of Mapfre Spain, and Víctor Zambrana, Deputy General Director of the Insurance Area of ​​Mutua Madrileña, will participate in the last day of the IV Financial Lab. Via El Spanish C/ de Almagro, 5. Auditorium of the University of Camilo José Cela (Text)

10:15 am- Madrid.- Automatic Gas Stations.- Manuel Jiménez Perona, President of the National Association of Automatic Service Stations (Aesae), presents the V National Study on NH Paseo de la Habana Automatic Gas Stations (Pº de La Habana). , 73)

10:30 am- Madrid.- Automotive sector.- Cetelem Observatory presents motor study 2024: behavior of Spanish car and motorcycle drivers. BNP Paribas Spain Headquarters. Hermanos Becker Street 3.

10:30 am- Madrid.- RAIL TRANSPORT.- The Ouigo Railway Company will hold a press conference, with the participation of Alain Krakovitch, President of Ouigo Spain and Director of TGV-Intercités, and Hélène Valenzuela, General Director of Ouigo Spain. , and will provide the balance of nearly three years of operations in Spain and its future prospects for years to come. The Vienna Room at the NH Collection Madrid Eurobuilding Hotel. C. Del Padre Damian, 23, Samartin, 28036 Madrid

10:45h.- Madrid.- SPAIN DEBT.- The General Treasury puts bonds and obligations on sale in the last debt auction in March.

11:00 am- Madrid.- Government Economy.- Minister of Economy, Trade and Commerce, Carlos Badi, reports on the general lines of his department before the relevant committee of the Senate. (Text)

11:00 am- Madrid.- Public Activity.- The Minister for Digital Transformation and Public Activities, José Luis Escriva, reports on the public policies of his department before the Senate Public Activities Committee. (Text)

11:00 am- Madrid.- Electrical SystEM.- Red Electrica presents a report on the Spanish Electricity System 2023 and Renewable Energy Report 2023. It will be attended by Secretary of State for Energy Sarah Akessen and the Chairman of Redia. , Beatrice Carrador.

11:30 am- Madrid.- Bank Salaries.- Unions and the Spanish Banking Association are meeting again, trying to seal a deal to improve workers' salaries in the sector and avoid a strike called for Friday, March 22. (Text)

12:00h.- Madrid.- ENAGÁS BOARD.- Enagás holds a meeting of its shareholders, in which the annual accounts and the board of directors will be presented for approval by the management, as well as the re-election as former independent directors of socialist ministers José Blanco and José Montilla. Ifema South Auditorium (Avda. del Partenone, 5) (Text).

12:30h.- Madrid.- BANKINTER JUNTA.- Bankinter meets with its shareholders and approves the appointment of Gloria Ortiz as CEO of the group and the incorporation of lawyer Teresa Paz-Ares, a step ahead of the appointment of Managing Director. Independent External Director. Banker.

12:30h.- Vitoria.- PLANAS Conference.- Luis Planas, Minister of Agriculture, Fisheries and Food, closes the VIII Global Conference on Family Farming.

12:30h.- Barcelona.- CELLNEX companies.- Marco Patuano, CEO of Cellnex, gives a presentation on the challenges of the telecommunications market, digital transformation, regulatory systems and the impact of artificial intelligence. Plaza Cal·La Placidia, 32. (Text)

13:00h.- Madrid.- Construction Funds.- The National Construction Confederation (CNC) presents an action plan to take advantage of the potential of European funds during its General Assembly, which will be closed by the Minister of Housing, Isabel Rodriguez. C/Diego de León, 50, Carlos Ferrer Salat room.

17:45h.- Marbella (Málaga).- Stock Exchange Companies.- Francisco Gomes, President of Alfil Patrimonial Socimi, addresses the media before the start of the ceremony to present its listing in Marbella at the BME Scalp. Avenida Ricardo Soriano, 19

7:30 pm- Madrid.- Construction Sectors.- The National Confederation of Construction (CNC) organizes the first edition of the CNC Awards with the participation of the First Vice President Maria Jesus Montero, Second Vice President, Yolanda Díaz, Minister. admission, Elma Size; President of CEOE, Antonio Garamendi and President of CNC, Pedro Fernandez Allen. CaixaForum.

Madrid.- FUEL PRICES.- EU publishes weekly report on fuel prices (Text)

International

Europe

8:00 am- Frankfurt.- PORSCHE SE RESULTS.- Porsche SE Group shares of Porsche AG and Volkswagen, its 2023 financial results (Text)

9:00 am- Frankfurt.- DOUGLAS STOCK EXCHANGE.- German perfume group Douglas begins trading on the Frankfurt Stock Exchange (Text)

10:00 am- Frankfurt.- EU Balance of Payments.- The European Central Bank (ECB) publishes its Balance of Payments for January (text)

10:00 am- Frankfurt.- ECB BULLETIN.- The European Central Bank (ECB) publishes its economic report.

10:30 am- Paris.- EU CANADA.- The French Senate voted for the EU-Canada Free Trade Agreement at the initiative of the Communist Party, hoping to obtain a majority to block its ratification and, consequently, its subsequent annulment throughout the Union.

13:00h.- London.- R:UNITED RATES.- The Bank of England announces its monthly decision on interest rates, with everything pointing to keeping them at the same level before starting to cut them in the summer.

1:00 PM- Frankfurt.- Bayer Pharmaceuticals.- Bayer Pharmaceuticals celebrates its 2024 Annual Media Event

Brussels.- EU SUMMIT.- Summit of the Heads of State and Government of the European Union. (Text) (Photo)

America

12:00h.- Asunción.- PARAGUAY BROTEST.- Asuncion “For land and production and against all injustices” farmers, tribes and popular March XXX edition, Microcenter of Asuncion (Text) (Photo)

3:00 PM- New York.- Reddit Stock Exchange.- Popular social networking network Reddit is going public today amid much anticipation. Wall Street Stock Market (Text)

20:00h.- Mexico City.- MEXICO RATES.- Bank of Mexico announces its new monetary policy with expected cut (text)

9:15 pm- NEW YORK.- NIKE RESULTS.- Nike releases business results for its third fiscal quarter of 2024. (Text)

Asia and Africa

00:50h.- Tokyo.- JAPAN TRADE BALANCE.- The Japanese government releases trade balance data for the previous month. (Text)

12:00h.- Istanbul.- Turkey Rates.- Turkish Central Bank announces interest rates for next month.

SHANGHAI.- China Mobile results.- The board of directors of China Mobile, the world's largest Chinese state phone operator by number of subscribers, will meet to approve its 2023 fiscal year earnings report. (Text)

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