Shares on the Wall Street Stock Exchange opened higher on Wednesday, with a surprise quarterly profit from Disney, which causes a rise in shares which at this time is + 8,70%.
One of the specifics of the results of the German bank, is that it recorded more losses with the write-off of the credit of Wirecard than with the provisions for Covid-19. The write-off (100% impairments) of the fintech technology debt that collapsed totaled 175 million euros, above the provisions set up for the effects of the pandemic, which in the second quarter were 131 million.
The PSI-20 closed up 0,75% to 4.380,33 points thanks to the + 6,18% rise in CTT to 2,49 euros. This on the eve of presenting half-yearly results. In Europe, the fall of the Dax stood out, in contrast to Paris, Milan and Madrid, which rose.
UTAO says that the value of the State's direct debt registered at the end of the 1st half of 2020 was higher than that observed at the end of June 2019, mainly as a result of the increase in the stock of medium and long-term debt securities. And he warns that the volume of repayments of public debt securities to MLP, forecasted for the years 2021 to 2030, remains quite high.
Santander had its first losses in 160 years. BBVA recorded losses of 1.157 million in the semester. All banks that have made profits have seen results drop. It is the mirror of the Covid-19 crisis in banking. DBRS analyzed seven banks (including CaixaBank, owner of BPI) and says that in the coming quarters it will be even worse. Revenues are falling. But the balance is increasing.
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