Author
Maria Teixeira Alves
mtalves@jornaleconomico.pt
Articles

Wall Street opens in the green with Dow Jones rising more than 1%

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%.

Commerzbank's profits sink 76%. Wirecard's debt outweighed Covid-19

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.

French bank Natixis has a new CEO

Nicolas Namias is the new CEO of Natixis globally and succeeds François Riahi, who was suddenly replaced after the bank suffered losses in the second quarter.

CTT goes up more than 6% and raises the stock market. Europe closes mixed

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: Repayment of public debt scheduled for 2021 to 2030 still totals 150 billion

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.

DBRS says Spanish banking will increase credit impairments in coming quarters

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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