The results of Inditex do not convince the markets and four other economic news

The results of Inditex do not convince the markets and four other economic news


MadridUpdated:

1. Punishment of Inditex in the markets: the textile giant leads the falls in the Ibex 35 and the Eurostoxx 50. The markets have not reacted well to the results of Inditex. The actions of the textile group they are the red lantern of the Ibex 35 and Eurostoxx 50- which groups the 50 Europas companies with the highest capitalization- with decreases of more than 4% in half a session. All this, after reporting that during its fiscal year of 2018 has earned 3,444 million euros, 2% more than the previous year, while its sales were 26,145 million, 3% more. Although it is the lowest growth in this chapter of its history.

2. The latest from Zara: it will allow the customer to personalize clothes without added cost. Zara intends to give a new twist to its business model. To do this, from next March 27 will allow the customer to customize the garments of clothes without this supposes any added cost for your pocket. This novelty will be implemented at the moment only in four countries: Spain, Italy, Holland and the United Kingdom

3. Dia informs, at Fridman's request, that Morgan Stanley requires "sufficient liquidity" for the expansion. The agreement signed by the current board of directors of DIA with Morgan Stanley for the US entity to guarantee its Expansion of capital of 600 million euros it requires the group to have "sufficient liquidity" with which to finance its business plan for at least 18 months, according to a statement sent to the National Securities Market Commission (CNMV).

4.There is access to the subsidy for unemployed over 52 years. This Wednesday, the new subsidy destined to the unemployed over 52 years, after the publication yesterday in the Official State Gazette (BOE) of the royal decree law that regulates it. The mentioned norm was approved in the Council of Ministers last Friday, in such a way that the age of access to this subsidy is reduced from the current 55 years to 52 years.

5. Taxpayers can request this Friday their tax data for the declaration of income. New year, new income campaign. The Tax Agency will start this Friday available to taxpayers the fiscal data and update the application for mobile phones and tablets. Despite this, the Campaign as such will not start until April 2, prologándose until July 1.

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