Spain Key Analysis

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Equities: Bullish Small Caps

On September 13 we placed a bullish Spanish IBEX small cap equity view in our asset class strategy, upon the break of resistance at 4,000, and the index has already rallied 2.7% since then. We have...

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Taxes Endanger Future Growth

The Sub-Saharan Africa telecoms sector has reached a point where, in order to continue growing, operators must invest heavily in network upgrades and expansion. The initial boom of SSA's mobile...

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Iberdrola: Weathering The Storm

The regulatory uncertainty that is plaguing Iberdrola's domestic market and heavy tax charges during the last six months have certainly taken a toll on the company's H113 financial credentials, but...

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Current Account Surplus Here To Stay

Spain's current account will post a surplus of 0.8% of GDP in 2013, as subdued domestic demand continues to restrict import growth and improving labour market competitiveness supports export growth...

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