April 28 (Bloomberg) -- Banco Santander SA, Spain’s biggest lender, reports first-quarter earnings before the stock market opens in Madrid.
WHAT TO WATCH: *Finance Minister Elena Salgado is interviewed on Cadena Ser radio at 8:30 a.m. CET *Spain’s National Statistics Institute publishes data on mortgage lending for February at 9 a.m. CET.
ECONOMY: *Industry Minister Miguel Sebastian reports results from the measures carried out by the Spanish government in order to boost energy savings at 1 p.m. in Madrid. *Spain’s regions and central government agreed to a deficit goal for the regions of 1 percent of GDP for 2014 and approved seven states’ deficit-reduction plans, leaving six programs until the next meeting of finance chiefs.
EQUITIES: *Banco Santander 1Q earnings. Analysts estimate net income of 2.17 billion euros, according to a Bloomberg News survey of analysts. *Banco Pastor SA earnings *Antena 3 de Television SA earnings *Banco Sabadell SA earnings *Bolsas y Mercados Espanoles SA earnings *Construcciones y Auxiliar de Ferrocarriles SA’s first-quarter attributable net income rose 4.7 percent from a year earlier to 25.8 million euros. Sales climbed to 399.3 million euros, it said. *Jazztel Plc reported first-quarter net income that beat analysts’ estimates as sales soared, boosted by a growing base of broadband customers. Net income was 6.9 million euros (10.1 million), compared with a net loss of 3.5 million euros a year earlier. Jazztel forecasts full-year profit will climb to 25 million euros to 35 million euros, it said. *Bankinter SA said convertible bond issue was fully subscribed. *Sniace SA, a Spanish maker of wood-based products that’s expanding in renewable energy, said first-quarter profit rose to 5.096 million euros as sales climbed to 42.3 million euros.
MARKETS: *The IBEX 35 Index advanced 0.9 percent to 10,740.9. *The spread between Spanish and German 10-year borrowing costs narrowed to 219.7.
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