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SPAIN DAYBOOK: Figures on Banks’ January Borrowing From ECB

The Bank of Spain publishes data on banks’ borrowings from the European Central Bank in January.

WHAT TO WATCH: *Spanish Industry Minister Miguel Sebastian will participate at the Mobile World Congress in Barcelona and meet reporters at 1:30 p.m. CET. *Spain’s Development Minister Jose Blanco will be interviewed in state-owned TVE at 9:40 a.m. CET.

ECONOMY: *Spain’s Treasury may sell 2 billion euros ($2.7 billion) of bonds backed by revenue from consumer power bills as early as Feb. 15, El Economista reported, citing people close to the matter it didn’t identify. *Bundesbank President Axel Weber said a lack of “acceptance” among euro-area leaders for his views on monetary policy caused him to give up on becoming the next chief of the European Central Bank, Der Spiegel reported. *European stocks posted a second weekly gain as companies from Swatch Group AG to Alcatel-Lucent SA reported better-than- expected earnings and after Egypt’s president stepped down.

EQUITIES: Ferrovial SA Chairman Rafael Del Pino said the disposal of assets will be an “ongoing” process besides the 10 percent stake in BAA Ltd. already for sale, El Mundo reported, citing an interview. *International Consolidated Airlines Group SA’s Iberia Lineas Aereas de Espana SA may face a strike by pilots after failing to reach an agreement on how to create its low-cost airline, El Mundo reported, citing people close to the company it didn’t identify. *YPF SA, Argentina’s biggest company by market capitalization, filed an appeal to a ruling by an Argentine judge that orders parent company Repsol YPF SA to halt plans to sell 15 percent of its Argentine unit. The appeal is in a statement on the website of Argentina’s Securities Commission. Renta 4 SA has no plans to engage in commercial banking after agreeing to buy Banco Alicantino de Comercio SA from Banco Espanol de Credito SA, El Pais reported, citing an interview with Renta 4 Chairman Juan Carlos Ureta. The executive predicted little financial effect from the acquisition on this year’s results and stuck to a goal of reaching double-digit revenue growth, the newspaper said.

MARKETS: *The IBEX 35 Index advanced 0.1 percent to 10,803.6. *The spread between Spanish and German 10-year borrowing costs widened to 208.3.

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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