SPAIN DAYBOOK: Banks’ Bad-Loans Data; Rajoy in Mexico for G-20
The Bank of Spain will release banks’ bad-loans data for April.
All times in CET (ET+6)
WHAT TO WATCH: -- Prime Minister Mariano Rajoy and Economy Minister Luis de Guindos participate in the G-20 meeting in Mexico. -- Government officials including Deputy Minister for European Affairs Inigo Mendez de Vigo push for a liquidity injection from the European Central Bank.
GOVERNMENT: -- Budget Minister Cristobal Montoro speaks at the Senate in Madrid.
ECONOMY: -- The Bank of Spain publishes banks’ bad-loans data at about 10 a.m. -- Rajoy rules out increasing value-added tax and cutting wages of public workers for now as suggested by the International Monetary Fund, newswire Efe reported June 16.
EQUITIES: -- CatalunyaCaixa has stakes in 96 real-estate companies that have 1.04 billion euros ($1.31 billion) in debt, Expansion reported June 16. CatalunyaCaixa’s share of the debt is 831 million euros, it said.
MARKETS: -- The IBEX 35 Index rose 0.3 percent to 6,719 on June 15. -- The Spanish-German 10-year yield spread widened to 543 basis points.
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