Headlines of the day by EFE Economia for Tuesday, October 31, 2023

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Headlines of the day by EFE Economia for Tuesday, October 31, 2023

Central Reserve

WASHINGTON – Members of the Federal Reserve’s Open Market Committee begin their October meeting in which they will decide whether to approve a new increase in interest rates after deciding to keep them at their last meeting.

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– Bank of the Republic, Colombia’s monetary authority, decides interest rates.

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Euribor October

MADRID – Twelve-month Euribor, an indicator of variable mortgages in Spain, closed 4.16% higher in October, although it showed signs of stabilization in its continuation after the European Central Bank’s (ECB) pause. Interest rate increases.

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BBVA results

Madrid – BBVA earned 5,961 million euros between January and September of this year, a record profit that exceeded 24.3% a year ago, thanks to the strength of continuous revenues, especially in its business areas. Mexico, Spain and South America.

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– The six main Spanish banks, Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja, broke a new record by earning 19,761 million in the first nine months of the year.

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– Endesa, Indra, Prisa, Telefónica Brasil, Ferrovial and Ence also publish their results.

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Telefonica is a partner

MADRID – The State Society of Industrial Participations (SEPI) is examining the acquisition of a stake in Telefónica, where Saudi conglomerate STC Group has announced its intention to acquire up to 9.9% of its capital, although it has yet to make a decision. was taken.

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Vodafone Spain

MADRID/LONDON – British fund Zegona has reached an agreement to acquire Vodafone Spain, the country’s third largest telecoms operator, for around 5 billion euros, which will be paid mostly in cash.

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EU Tourism Presidency

Palma – Tourism ministers of the European Union are meeting under the Spanish presidency to examine the threats and challenges of the sector in the context of the slowdown of the world economy and the uncertainty of the geopolitical situation.

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EU Inflation

BRUSSELS – Eurostat, the social statistics office, released preliminary eurozone inflation data for October, after falling to 4.3% in September, the lowest rate since October 2022.

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EU GDP

BRUSSELS – The Social Statistics Office Eurostat reveals the growth data of the gross domestic product of the euro zone and the EU as a whole in the third quarter, a certain slowdown in the progress of the world economy is already visible, and new sources are added with traction.

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Electricity prices

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Madrid – The electricity bill for those in the regulated market will be 56 euros this October, the second most expensive in 2023, in line with September, although it will be 25% lower than a year ago. .

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Bank Wages

MADRID – Negotiations are starting on a future banking deal that unions hope will lead to annual pay rises of at least 4% for its 150,000 employees over the next few years, and a pay rate of just 1% for all. Among them is the interest on your loan.

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Halloween Consumo

MADRID – The Halloween party has become a commodity imported from the other side of the Atlantic and a business opportunity for thousands of companies, which make the horror of the night of October 31 one of their main peaks in revenue. year.

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AB INBEV results

BRUSSELS – Belgian brewing group AB InBev, the world’s largest and owner of brands such as Budweiser, Stella Artois and Corona, reports results for the third quarter after posting a net profit of 1,977 million dollars (1,811 million euros). Ex.

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– Samsung, BASF, Stellandis and BP also release their results.

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Short markets

MADRID – European stock markets ended a rough month in October, weighed down by ongoing conflicts in the Middle East, high levels of inflation and doubts about the future monetary policy of key central banks.

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Information agenda

6.30h.- Madrid.- BBVA results.- BBVA presents the results. Conference with analysts at 9:30 and press conference at 12:00.

8:00 am- Madrid.- ENDESA results.- ENDESA presents results for the first nine months of 2023 (conference with analysts at 10:00 am) (Text)

8:00 am- Madrid.- Indira results.- Indira presents financial results for the first nine months of 2023. 8:30 am conference with inspectors.

9:00 am- Madrid.- Banking conference.- Banco Santander organizes the International Banking Conference 2023, a closed-door meeting attended by the Governor of the Bank of Spain, Pablo Hernández de Caz, and the President of the European Commission. Banking Authority (EBA), Jose Manuel Gamba, et al. Banco Santander Financial City.

9:30 am- Madrid.- Market Views.- Angel Martínez-Altama, President of Inverco, speaks at the 1st Forum of Financial Advisory Agencies, in which the regulatory challenges of investment funds and the situation of the markets. Avenida de Burgos 109 (Headquarters of the Kaiser Group).

10:00 am- Madrid.- Air Transport.- Turrespana releases air capacity reference for November.

10:30 am- Madrid.- Consumption Inflation.- The Cetelem Laboratory presents a study on the consumption situation in Spain in 2023, a year marked by inflation. BNP Paribas Spain Headquarters. Hermanos Becker Street 3.

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17:30h.- Madrid.- FERROVIAL RESULTS.- The Infrastructure Group of Ferrovial communicates the same results for the first nine months of the year, at the end of the market. (Presentation to Examiners at 6:00 PM)

17:40h.- Madrid.- ENCE results.- ENCE presents the results for the first three quarters of the year.

Madrid.- Bank Wages.- Unions and employers in the financial sector begin negotiations on the sector’s new collective agreement, which calls for a salary increase for employees of between 17 and 23% over a period of three years. Also, to compensate for the loss of purchasing power of workers due to inflation and rising rates. The process begins with the constitution of the Bank Negotiating Schedule and continues with the constitution of the Savings Schedule on November 2. Crystal Gallery. Cybale Palace. c/ Montalbán, 1. (Text)

Madrid.- AENA Stores.- Tender for AENA Stores closes.

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International

Europe

7:00 am- Ludwigshafen.- BASF Results.- BASF presents results for the third quarter of 2023.

7:30 am- Paris.- FRANCE GDP.- First estimate of France’s gross domestic product (GDP) for the third quarter.

8:00 am- London.- BP Results.- Oil major BP publishes its results for the third quarter of the year. (Text)

8:00 am- Paris.- STELLANTIS RESULTS.- Stellantis publishes sales and billing figures for the third quarter.

8:30 am- Brussels.- AB INBEV Results.- AbInbev, the world’s largest Belgian multinational brewer, presents its results for the third quarter of 2023. (Text)

8:45h.- Paris.- FRANCE INFLATION.- Provisional inflation figures for October are published.

9:00 am- Paris.- OECD AFRICA.- OECD Development Center Africa organizes the 22nd edition of the International Economic Forum.

11:00 am- Brussels.- EU GDP.- The Social Statistics Office Eurostat publishes the first preliminary estimate of GDP for the third quarter of 2023 in the EU and Eurozone. (Text)

11:00 am- Brussels.- EU INFLATION.- The Office for Social Statistics publishes a preliminary estimate of the Eurozone inflation rate in October 2023. (text)

Las Vegas.- USA AUTOMOBILE.- The world’s most important SEMA automotive accessories show celebrates its 2023 edition in Las Vegas.

WASHINGTON.- FEDERAL RESERVE.- Members of the Federal Reserve’s Federal Open Market Committee begin their October meeting where they will decide whether to approve a new increase in interest rates. (text)

Sao Paulo.- BRAZIL ENERGY.- Brazil is holding tenders for the construction of 4,471 km of transmission lines, in which the government hopes to attract investments of 19.7 billion reais.

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America

13:00h.- Rio de Janeiro.- Brazil unemployment.- The Brazilian government reveals the average unemployment rate for the quarter ending in September. (text)

16:00h.- Bogotá.- Colombia Unemployment.- The Colombian government releases labor market data for September. (text)

19:00h.- Bogotá.- COLOMBIA RATES.- Bank of the Republic, the monetary authority of Colombia, meets to review interest rates, currently 13.25%. (text)

Las Vegas.- USA AUTOMOBILE.- The world’s most important SEMA automotive accessories show celebrates its 2023 edition in Las Vegas.

WASHINGTON.- FEDERAL RESERVE.- Members of the Federal Reserve’s Federal Open Market Committee begin their October meeting where they will decide whether to approve a new increase in interest rates. (text)

Sao Paulo.- BRAZIL ENERGY.- Brazil is holding tenders for the construction of 4,471 km of transmission lines, in which the government hopes to attract investments of 19.7 billion reais.

Sao Paulo.- TELEFÓNICA BRASIL RESULTS.- Telefónica Brasil, a subsidiary of Spanish Telefónica, publishes its results for the third quarter. (text)

MEXICO CITY.- MEXICO ECONOMY.- Mexico presented an accurate estimate of its gross domestic product (GDP) for the third quarter of the year, after stronger-than-expected growth in the second quarter, which rose 3.6% year-on-year. Annually and 0.8% quarterly.

Mexico City.- MEXICO BANKING.- BBVA holds a press conference to discuss the situation and its results in its largest market, Mexico.

Santiago.- Chile Employment.- Chile’s National Institute of Statistics publishes national unemployment data for September. (text)

Santiago.- Chile Production.- Chile’s National Institute of Statistics releases industrial and copper production data for September. (text)

Asia

00:50h.- Tokyo.- Japan Industry.- The Japanese government releases industrial production data for September.

1:00h.- Tokyo.- Japan Unemployment.- The Japanese government releases unemployment data for the previous month. (text)

6:00h.- Tokyo.- Central Bank of Japan.- The Bank of Japan holds its monetary policy meeting. (text)

Shanghai.- CHINA INDUSTRY.- China’s National Bureau of Statistics (NBS) releases October data on the Purchasing Managers’ Index (PMI), a key indicator of the evolution of activity in the manufacturing sector. (text)

Seoul.- Samsung Results.- South Korean technology company Samsung Electronics presents its results for the third quarter. (text)

EFECOM

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