January 17, 2020
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Equity markets slightly extended the increases across the board during the week, underpinned by the final agreement on the U.S.-China phase one agreement, the improvement in the U.S. activity data (retail sales and regional PMI) and mixed company earnings.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
The Spanish economy is suffering a double impasse. Politically, although a government has just been formed, it is difficult to anticipate what support it will have for approving new general budgets and legislative initiatives that provide a new momentum for reform. Economically, GDP has slowed.
Last December an increase of 20% was announced for minimum wages for this year. This will obviously mean an increase in the standard of living of those workers who perceive it: about a million people, according to the National Survey of Occupation and Employment (ENOE).
Shy market reaction after China and the U.S signed phase one of the trade agreement. Meanwhile, U.S and European stocks hit new highs, driven by positive U.S retail sales data.