A head start in Spanish equities (7/1/25) Services PMI Wages Working week Taxes Utilities Hotels/IAG Banks Ibex

A head start in Spanish equities (7/1/25) Services PMI Wages Working week Taxes Utilities Hotels/IAG Banks Ibex

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None of what follows is investment advice

Stories ranked by order of importance

 

Services PMI (+/=) The December Services PMI for Spain rises from 53.1 to 57.3 (S&P Global)

Wages (-/=) The Ministry of Labour plans to propose the rise in the minimum wage for 2025 this week (Expansion p15)

Working week (-/=) The Labour and Economy ministries face their latest clash over the reduction in the working week (Cinco Dias p22)

Taxes (-/=) The €3.4bn due to not adjusting the personal income tax for inflation lead to a record tax collection in 2024 (Expansion p14)

Utilities (=) Wind and solar will lead generation in the Spanish electricity sector for the first time in 2025 (Cinco Dias p9)

Hotels/IAG  (+/=) The executive director of the UN Tourism organisation says that Spain has consolidated its position in the world due to tourism investment and does not expect hotel prices to decline after the post-Covid rise (Expansion p16)

Banks (=) Seek ways to maintain profitability in a new interest rate ear (Cinco Dias p3)

Ibex   (+) The Ibex index rises 1.34% to 11,808, with the banks lifting the market above the 11,800 level (Expansion p10)

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