*FINANCIAL MARKETS*
Euro STOXX 50 futures were down 142 points to 3,819.5, FTSE futures were down 99 points to 7,353.5, and German DAX futures were down 462 points to 14,078.0 by 0430 GMT.
Oil rose, while the ruble plunged almost 30%, to a new historical low, after Western countries imposed new sanctions on Russia for its invasion of Ukraine, including the blockade of some banks of the international system of SWIFT payments.
Oil prices soared on escalating sanctions against Russia over its invasion of Ukraine, which in turn prompted President Vladimir Putin to put his country’s nuclear deterrent on high alert.
MACRO DATA
This Monday, Spain is going to publish the CPI for February, in preliminary data, in addition to the current account deficit for December.
In China, the GDP figure for the fourth quarter will be released.
And in the US, the data to follow will be the Chicago Purchasing Managers’ Index (PMI) for February and the Dallas Fed’s manufacturing business index for the same month.
*BUSINESS*
Barclays raises Telefónica’s recommendation to “equal weighting” and raises the target price from 3.9 to 4.2 euros (Reuters)
Acerinox sees “good prospects” for demand after multiplying its profit by eleven (Reuters)
CIE Automotive increases profit by 44% in 2021 (Reuters)
Naturgy retailers criticize Reynés’ bonus and changes in the board (Five Days)
Galán reorders the leadership of Iberdrola, but keeps all the executive power (El Confidencial)
Telefónica hires BBVA to find a partner to acquire 45% of the capital of the new fiber company in rural areas, which could be worth more than 2,000 million (El Confidencial)
ACS plans to buy 20% of Abertis from its subsidiary Hochtief (elEconomista.es)
Ebro Foods reaches a binding agreement to purchase the assets of InHarvest for 49 million euros (Reuters)
Grenergy breaks into the US with the purchase of Sofos (Expansion)
Vidrala increases profit by 9.7% but EBITDA falls by 4.3% (Reuters)
Prosegur Cash increases sales by 0.7% and net profit by 109% (Reuters)
Prosegur registers a growth of 1.0% in sales and 0.7% in net income (Reuters)
Mango withdraws positions in China and turns to India to grow in Asia (Five Days)
Dealerships foresee more mergers to defend themselves from the direct sale of some manufacturers (Five Days)
BP abandons its stake in Russian oil company Rosneft, abruptly and costly ending a three-decade investment (Reuters)
Societe Generale and Credit Suisse Group suspend the financing of operations with raw materials from Russia, according to Bloomberg (Reuters)
*ECONOMY AND POLITICS*
Spain closes its airspace to Russian aviation (Reuters)
The trans-Mediterranean gas pipeline has additional capacity to increase supply to Europe, according to the CEO of the Algerian Sonatrach (Reuters)
The light marks today 277.78 euros per megawatt, the highest price in 2022 (Expansion)
Russia’s political and economic isolation deepens as its forces meet stiff resistance in Ukraine’s capital and other cities (Reuters)
European countries and Canada close airspace to Russian planes, an unprecedented move aimed at pressuring President Vladimir Putin to end his invasion of Ukraine (Reuters)
DEBT AUCTIONS
– The Treasury announces the placement objective in the auctions scheduled for the week
RESULTS
– Grifols publishes 4Q-2021 results before market opening
– Cie Automotive publishes 4Q-2021 results and presents them at a conference (1530h)
– Técnicas Reunidas publishes 4Q-2021 results
– Inmobiliaria Colonial publishes 4Q-2021 results and presents them at a conference (1830h)
– Distribuidora Internacional de Alimentación publishes results for the second quarter-2021 and presents them the next day
– PharmaMar publishes 4Q-2021 results
– Ebro Foods publishes 4Q-2021 results
– Fluidra publishes 4Q-2021 results
– Acerinox publishes 4Q-2021 results
– Applus+ publishes 4Q-2021 results before market opening and presents them at a conference (1000h)
– Solaria publishes 4Q-2021 results and presents them at a conference (1800h)
BALANCE OF PAYMENTS AND BUDGET
– The Bank of Spain publishes the advance of the Balance of Payments (December)
