SaxoTV

Fasdal: Time to take the Spanish bull by the horns

483 views
October 21, 2015 bond, bond buying, bond investing, bond investment, bond investors, bond market, bond markets, bond yields, bonds, bonds and equties, bonds market, bonds update, bonds v equities, commodities, commodities markets, commodities supply, commodity, commodity investing, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, corporate bond, corporate bond market, corporate bonds, doublediprecesssion, euro, euro area, euro zone, europe, european, european economy, european equities, eurozone, fixed income, fixed income bonds, growth, growth europe, growth figures, growth forecast, growth in europe, growth in spain, growth targets, inditex, investment, oil, oil industry, oil market, oil price, oil prices, oil supplies, oil supply, recession, santander, santander bonds, saxo, saxo bank, saxo tv, spain, spain economy, spain gdp, spain growth, spain ibex, spanish, spanish banks, spanish bonds, spanish economy, spanish equities, spanish government, spanish growth, spanish labour market, spanish unemployment, trading, tradingfloor, tradingfloor.com, unemployment, unemployment rate, unemploymentdata, zara
Spain was badly hit by a double-dip recession between 2008 and 2013. Over the last two years, positive growth has returned. Saxo's Simon Fasdal says the government's structural reforms combined with a better economic environment in the Eurozone and lower commodity prices have also helped. He notes that equity prices have almost doubled since 2012 and bond yields are at a multi-year low.

At 22%, unemployment, however, is still extremely high. Housing prices are also low compared to 2007 levels.

But overall, Simon thinks Spain has investment opportunities, including equities and corporate bonds. He looks at Santander, Inditex, Campofrio and Telefonica.