EFE Economic Day topics for Wednesday, February 7, 2024

Budget 2024

Madrid – The plenary session of the Senate debates and votes on the government's deficit path for the 2024-2026 period, which will be rejected by the absolute majority of the PP in the upper house, which will force the executive to present a new path. Council of Ministers and it goes back through Congress and Senate.

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Agrarian struggles

MADRID – Farmers' rallies, which closed some key Spanish roads, continue this Wednesday, a day when their protests will be part of a debate in the control session of the Congress of Deputies.

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– The European Parliament debates the situation of farmers and the price of agricultural products, while protests continue in many EU countries.

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Industrial production

MADRID – Spain's industrial production fell 0.8% in 2023 after falling 4% in December, breaking the positive trend of the previous two months, October (0.7%) and November (1%), according to the National Institute of Data. Statistics (INE).

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Alibaba results

SHANGHAI (China) – Chinese e-commerce giant Alibaba reported earnings for its third fiscal quarter (October-December) with a 28-fold jump in first-half profit.

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– Siemens Energy, TotalEnergies, Deutsche Porsche, Walt Disney, NeoEnergia and Bradesco also provide results.

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Information agenda

9:00 am- Madrid.- Industrial Production.- INE publishes Industrial Production Index for December (Text)

9:00 am- Madrid.- Asbestos Fund.- Build Deputy Oscar Matute asks Inclusion and Social Security Minister Elma Saiz how the government is going to develop regulations governing the compensation fund for asbestos victims.

9:00 am- Madrid.- 2024 Budget.- Senate plenary debates and votes on the government's deficit path for the period 2024-2026. Senate. (Text) (Photo) (Video)

9:00 am- Madrid.- Motor Employment.- Question from the Basque Parliamentary Committee (EAJ-PNV) to Yolanda Díaz, Vice-President and Minister of Labor in Congress about the protection of jobs in the company Mecaner after the ERE destruction by its rights group Stellandis.

9:00 am- Madrid.- Motor employment.- Question to President Pedro Sánchez in the control session of the government in the plenary session of the Congress of Vox representatives on government measures to protect farmers and transporters.

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9:00 am- Madrid.- ABB Results.- The ABB Technical Group will present the company's financial results and key milestones in 2023.

9:00 am- Madrid.- Department of Transport.- Newspaper expansion organizes a meeting on future mobility and new urban planning models. Secretary of State for Transport and Sustainable Mobility, Jose Antonio Santano. Representatives of public administrations from Madrid, Barcelona and Bilbao, as well as companies from the transport sector such as AENA, CONFEBUS, FLEXIBUS and Cabify are participating. Zénit The Veue (C/Orense, 69).

9:30 am- Madrid.- Real estate sector.- President of Asprima Carolina Roca, CEO of Colliers, Mikel Echevarren and Aedas Homes, David Martínez speak at a conference on real estate financing. CaixaForum. Paseo del Prado, 36.

9:30 am- L'Hospitalet de Llobregat (Barcelona).- RENFE companies.- Raül Blanco, President of Renfe, participates in an information meeting organized by the Llobregat Business Forum. Placa Europa, 45 (Hotel Porta Fra Santos) (Text)

10:00h.- Madrid.- MEDIAMARKT RESULTS.- MediaMarkt presents the results for 2023 and the main strategy and business lines for 2024. CC La Vaguada, Madrid.

10:00h.- Madrid.- RATO CASE.- The investigation continues in the Madrid Provincial Court regarding the origin of the fortune of the former Vice President of the Provincial Court of Government Rodrigo Rato, c/ Santiago de Compostela.

10:30 am- Madrid.- CCOO PSOE.- A CCOO delegation led by Unai Sordo, its CCOO General Secretary, meets PSOE representatives led by its General Secretary Pedro Sánchez. Feras. (Photo) (Video)

10:30 am- Madrid.- Cyber ​​Security Banking.- The Confederation of Spanish Savings Banks (CECA) presents the study “Cyber ​​Security and Practices of Digital Channels in Banking Operations”.

1:30 p.m.- Madrid.- Asphalt Industry.- The Spanish Asphalt Mixture Manufacturers Association (ASEFMA) takes over the shares of the Spanish asphalt industry in 2023. Presidents of ASFMA, Juan José Potti, intervene; From the Spanish Road Association (AEC), Juan Lazcano; and General Director of Roads of the Ministry of Transport and Sustainable Mobility, Juan Pedro Fernández. Madrid Press Association (6 Juan Bravo Street)

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International

Europe

7:00 am- Munich.- SIEMENS Energy Results.- Siemens Energy presents results for the first quarter of 2024 between October and December 2023

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8:00 am- Paris.- TOTALENERGIES RESULTS.- Oil group TotalEnergies presents its annual results for 2023. (Text)

8:00 am- Berlin.- GERMANY PRODUCTION.- Germany's central statistical office, Destatis, releases the production index for December and 2023. (Text)

10:00 am- Paris.- FRANCE ELECTRICITY.- French electricity transmission network manager RTE takes over the 2023 year of electricity.

11:30 am- Frankfurt.- GERMANY DEBT.- Germany puts up seven-year debt for 3,000 million euros

12:00h.- Paris.- OECD INFLATION.- OECD releases monthly inflation data. (Text) (Infographic)

2:30 PM- Frankfurt.- BUNDESBANK CREDIT.- Bundesbank, Germany's central bank, presents a report on credit behavior in the country in 2023.

19:00h.- Frankfurt.- Deutsche BÖRSE results.- Equity manager Deutsche Börse presents its 2023 financial results.

Berlin.- Germany Horticulture.- Berlin is hosting the Fruit Logistica Horticulture Fair.

Paris.- BRAZIL FRANCE.- The governor of the Brazilian state of Sao Paulo, Darcio de Freidas, closes in Paris, where he will spend three days, touring European capitals to present investment proposals to large companies.

BERLIN.- GERMANY STRIKE.- The Verdi union has called for a warning strike by Lufthansa ground staff at Frankfurt, Munich, Hamburg, Berlin and Düsseldorf airports. (Text)

America

1:00 pm.- Rio de Janeiro.- Brazil Business.- The Brazilian government reveals the growth of Brazilian business sales for the accumulated period of December and 2023.

1:00 pm.- Rio de Janeiro.- Brazil economy.- The central bank reveals the results of Brazil's public accounts and the relationship between debt and gross domestic product (GDP) accumulated in December and 2023. (Text)

2:00 PM- Sao Paulo.- Brazil Automobiles.- Brazil's National Association of Motor Vehicle Manufacturers (ANFAVIA) releases data on production, sales and exports for January. (Text)

2:00 pm – Caracas.- Venezuela Sanctions.- Experts explain the implications for the Venezuelan economy as the resumption of sanctions on the country's oil, a warning issued by the United States after the disqualification imposed on it was approved. Opposition member Maria Corina Machado has not run for office until 2036, including this year's presidential election. (Text) (Photo) (Video)

2:30 PM- Washington.- USA TRADE.- The US releases its trade balance data.

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16:00h.- Quito.- ECUADOR CHINA.- Ecuador's National Assembly (Parliament) resumes debate to vote on the ratification of the trade agreement signed with China, making the Andean country the fourth trading partner in Latin America. Chile, Peru and Costa Rica then free trade with the Asian Company. National Assembly (Text)

20:00h.- Rio de Janeiro.- BRAZIL TRADE.- The Brazilian government publishes the result of the trade balance in January. (text)

22:30h.- New York.- Walt Disney results.- The giant Walt Disney announces its latest business results. (text)

Sao Paulo.- NEOENERGIA RESULTS.- The electricity company Neoenergia, the Brazilian subsidiary of the Spanish group Iberdrola, publishes its financial results for 2023. (Text)

Sao Paulo.- BRADESCO RESULTS.- Bradesco, Brazil's second largest private bank, publishes its 2023 financial results. (text)

Mexico City.- MEXICO AUTOMOBILE.- Mexico's National Institute of Statistics presents January production and export data for the automotive industry, after an increase of more than 14% in 2023.

Santiago.- Chile Trade.- The Central Bank of Chile releases trade balance and copper exports for January. (text)

Tegucigalpa.- HONDURAS ENERGY.- In an interview with EFE, the manager of the state-owned National Energy Company says that Honduras is taking steps to guarantee the country's electricity needs, considering the problems caused by the 'El Niño' event in 2024. Electrical (ENEE), Eric Tejada. (Text) (Photo) (Video)

BUENOS AIRES – Argentina releases international tourism figures for December, showing a 43.5% year-on-year increase in foreign visitors in November. (Photo) (Video)

Asia

Shanghai (China).- China Foreign Exchange.- China's State Administration of Foreign Exchange (SAFE) releases January data on national foreign exchange reserves. (Text)

Shanghai (China).- Alibaba Results.- Chinese e-commerce giant Alibaba releases its third fiscal quarter (October-December) earnings report. (Text)

EFECOM

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