Date: November, 2019
PET.- The intensity of the decline has softened and practically remained stable compared to September.
The novelty of this month is the change in the price trend of the PX, which after several months of lowering its price, in October has experienced a very slight increase of € 9 / ton.
As for the MEG, as of the date of this publication, the closing of its price for October had not yet been formalized.
Although attempts to increase prices persist, weak demand points to price maintenance in November.
SPAIN.- The demand for credit, both from individuals and companies, decreases. This has not happened since 2013.
The causes are:
o Worsening housing market prospects.
o Decrease in consumer credit due to lower consumer confidence.
o Lower investments in fixed capital by companies
o Decrease in financing of stocks and working capital.
MILLIONARIES.- In Spain there are about one million people who own more than 1 million dollars (± € 896,000), 50,000 of which exceed USD 10 million (± € 8,960,000).En España hay cerca de un millón de personas que poseen más de 1 millón de dólares (± 896.000 €), 50.000 de los cuales superan los 10 millones de USD (± 8.960.000 €).
The rich are getting richer and the sum of their assets amounts to 360 US bions, until the middle of 2019, which means an increase of 2.6% over the same period of the previous year.
The number of millionaires has grown 2.4% in the last year and there are already a total of 46.8 million millionaires in the World.
UNITED KINGDOM.- More than 300 companies will transfer their activity to the EU through Brexit.
According to a study prepared by New Financial, more than 330 banking, markets and asset management entities have already moved part of their business from the United Kingdom to different EU cities.
In total, these relocations have involved the move of some 5,000 jobs and 800,000 million pounds (almost one billion euros) in assets.
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