News
No surprises: another hike from the ECB
No surprises: another hike from the ECB- On Thursday, the ECB announced a 75-bp interest rate hike, taking its benchmark deposit rate to 0.75%, aiming at ensuring “the timely return of inflation to the ECB’s 2% target”. Moreover, according to its statement, interest...
AMTD Digital to the moon!
AMTD Digital to the moon!AMTD Digital, a little-know fintech company based in Hong Kong, has recently become the latest meme stock in the market. It went public in mid-July on the NYSE with an IPO price equal to $7.80 per share and, after two weeks, it hit the...
Italian Debt Sells Off as Draghi Resigns
Italian Debt Sells Off as Draghi ResignsItalian financial markets sold off on Thursday as Prime Minister Mario Draghi’s resigned, bringing an end to a national unity government seen to have had a rare opportunity to bring stability and unlock the nation’s economic...
Euro vs US Dollar: PARITY!
Euro vs US Dollar: PARITY!On Wednesday morning, the Euro hit parity with the US Dollar, as the two currencies had a 1:1 exchange rate. This was the first time since 2002, when the Euro was still a relatively “young” currency. Why? There are many reasons for the...
Spanish inflation
Spanish inflation Spanish inflation surges to 37-year high at 10% Consumer prices in Spain rose at their fastest rate for 37 years in June, according to data released on Wednesday. Spain’s harmonised index of consumer prices rose to 10% in June, up from 8.5 per cent...
Financial Support in Europe. How, why and what to expect next.
After a year and a half of post-covid era, it seems like we are getting, slowly but surely, back to a certain normality where, even though masks are still the norm, you can start to take them off, travel is reviving, and curfews seem to be a nightmare of the past....
How Covid-19 is Affecting Corporate Financing and Overview of the Implemented Solutions
Financing has always been a crucial matter to corporates regardless the sector they operate in. Notwithstanding, the current situation on debt capital markets, mostly due to the worldwide spread of Covid-19, is making it significantly more troubling than usual, leading companies to consider alternative solutions.
Customer Information on Covid-19
Dear Customer, On February 27th, 2020, NEW MOMENTUM sent an internal communication to the employees with a Specific Prevention Plan, where they were provided with the rules of behavior to protect themselves and their environment, following the recommendations of the World Health Organization and the Ministry of Health
ECB Measures amid Covid-19
This week, the Government Council released its decision on the monetary policy to support households, firms and banks during the current economy disfunction. The Council conducted the following package made of “ambitious and coordinated fiscal policy response”: