Topics of the EFE Economic Day for Tuesday, May 7, 2024

PPVA Sabadell

MADRID – BBVA and Banco Sabadell face a new day on the markets this Tuesday, a day after the Alicante-based firm rejected a merger offer launched by its rival and opted to go it alone as they face scrutiny from investors.

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Bank of Spain

MADRID – The governor of the Bank of Spain, Pablo Hernández de Caz, appeared in Congress to report on the latest annual report published by the institution, which shows that the economic outlook is relatively positive and focuses on the pending challenges of the labor market or pensions.

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Talco results

MADRID – Railway construction company Talco is releasing its first-quarter results, sinking a takeover bid for Hungarian group Magyar Vagon that has not caught on within the government, pointing to another potential move with industrial partners and Spanish capital.

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Aramco results

CAIRO – Saudi Aramco, the world’s largest oil company, earned 27,272 million dollars (25,350 million euros) in the first quarter of the year, representing a 14.4 percent reduction compared to almost 31.9 billion dollars. During the same period last year.

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– Telefónica Brasil, UPS, BP, UniCredit, Disney and DHL also provide results.

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Nintendo results

TOKYO – Video game developer and distributor Nintendo reported a net profit of 490,602 million yen (about 2,950 million euros) for the recently ended 2023 fiscal year, up 13.4% year-on-year.

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Apple news

NEW YORK — Apple is holding its first major online event of the year, where Apple is expected to announce new tablets, including the iPad Pro and iPad Air, as well as the new Apple Pencil.

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Information agenda

9:15h.- Madrid.- SUSTAINABILITY REPORT.- Spain’s Institute of Analysts and Workday Foundation ‘Are companies ready for new information requirements on sustainability?’ presents the study of

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10:00h.- Madrid.- RATO CASE.- The investigation into the origin of the fortune of the Government Rodrigo Rato, former Vice-President of the Provincial Court, c/ Santiago de Compostela 96 continues at the Madrid Provincial Court.

10:00h.- Madrid.- Digitization Employment.- The Spanish Association for Digitization, DigitalES, presents the report “Anatomy of the technical skills gap”, which explores and analyzes the gap between employment supply and demand technology. Downtown Space. C/ de la Paloma nº 15.

10:00h.- Madrid.- PAPER INDUSTRY.- Paper industry association, Aspapel, analyzes the ‘Study on decarbonization technologies in the paper industry’ prepared by Inerco and Aspapel headquarters (Avda. de Baviera, 15. Bajo )

10:30 am- Barcelona.- WAGE GAP.- Eada Business School and Icsa Group present the 18th edition of the “Wage Gap and Presence of Women in Management Positions” report, a study that gathers updated information on wage differences between men. Allocation of women and female presence in management positions based on a sample of more than 80,000 salaries from across Spain. (text)

10:45h.- Madrid.- Spanish debt.- Treasury auctions 6 and 12 month bills.

11:00 am- Madrid.- BANCO ESPAÑA.- Pablo Hernández de Caz, Governor of the Bank of Spain, appeared at the Commission on Economy, Business and Digital Transformation to present the Annual Report of the Bank of Spain for 2022. and 2023. Constitution Chamber.

12:00h.- Madrid.- GRENERGY BOARD.- Grenergy holds its shareholders’ meeting in the first call, in which it proposes the appointment of David Ruiz de Andrés as Executive Chairman and Pablo Otín as Executive Director as a pre-emptive measure to become CEO of the community. . Greenergy. Raphael Bodi, 26.

16:00h.- Madrid.- Control session.- The plenary session of the Senate holds the weekly control session of the government, with questions about the powers of this chamber related to budgets, aid to the fishing fleet and protection Huelva strawberry production. (Text) (Photo) (Video)

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17:30h.- Madrid.- TALGO Results.- Talgo publishes its first quarter results. (Text)

Madrid.- Income campaign.- The deadline for filing the 2023 personal income tax and wealth tax return by telephone begins with the program “We call you”.

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International

Europe

1:00h.- London.- R.UNITED Strike.- Train drivers from 16 railway companies in the United Kingdom are holding a new series of strikes until May 9 as part of a dispute over their pay.

7:00 am- Bonn.- DHL GROUP RESULTS.- DHL Group presents results for the first quarter of 2024. (Text)

8:00 am- London.- BP Results.- Oil giant BP releases its results for the first quarter of the year. (Text)

8:00 am- Berlin.- Germany Economy.- German statistical office Destatis releases data for March related to foreign trade and processing sector.

10:00 am- Frankfurt.- Lufthansa meeting.- Lufthansa holds general meeting of shareholders.

17:00h.- Brussels.- EU FUNDS.- European Court of Auditors “Commission systems for the recovery of irregular EU expenditure – can be recovered more quickly” (Text)

Krakow.- Polish economy.- The Polish city of Katowice is hosting the XVI International Economic Congress, which is expected to be attended by Polish Prime Minister Donald Tusk and European Commission (EC) President Ursula van Der. . They study. (Until 9th).

Geneva.- UBS Results.- UBS, the Swiss bank ranked second in Europe by market capitalization, publishes results for the first quarter of 2024. (Text)

America

15:30h.- Mexico City.- MEXICO AUTOMOBILE.- Mexico’s National Institute of Statistics publishes data for the first quarter of production and exports of the automotive sector, after production growth of just 0.6% in the first three months. (Text)

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16:00h.- Mexico City.- MEXICO BANKING.- BBVA closes its board of directors meeting in Mexico in the presence of opposition presidential candidate Xóchitl Gálvez (text) (photo) (video).

16:00h.- Bogotá.- COLOMBIA CAFÉ.- President of the National Confederation of Coffee Producers of Colombia at a press conference amid controversy over the results of the first year of management and future plans of the union, Colombian President Gustavo Pedro, according to some critics, seeks to weaken the organization. National Association of Coffee Growers (Text) (Photo) (Video)

9:00 pm- Brasilia.- Brazil Trade.- Brazilian government releases trade balance results for April. (Text)

23:00h.- New York.- Disney Results.- The Walt Disney Company, the entertainment company, publishes its results for the second quarter of 2024 and publishes the consolidated results.

New York.- USA APPLE.- Apple is holding an online event where Apple is expected to launch new iPads.

Sao Paulo.- TELEFÓNICA BRASIL RESULTS.- Telefónica Brasil, the subsidiary of the Spanish group Telefónica in the South American country, publishes its results for the first quarter of 2024. (text)

Santiago.- Chilean Trade.- The Central Bank of Chile released trade balance data for the month of April. (Text)

Asia

SHANGHAI.- China Currencies.- China’s State Administration of Foreign Exchange (SAFE) releases April data on national foreign currency reserves. (Text)

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