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5 things you need to know to start the day

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5 things you need to know to start the day

Mota-Engil wins contracts in Honduras, Angola and Mexico

Mota-Engil announced yesterday, after the stock exchange closed, that three of its subsidiaries have signed construction contracts in Honduras, Angola and Mexico, worth 450 million euros.

Mota Engil Latin America has entered into a contract in Honduras, totaling around 195 million euros. On the other hand, Mota-Engil Engenharia e Construção Africa signed a contract in Angola, worth close to 115 million euros.

Additionally, Mota-Engil Mexico has obtained authorization for the acquisition of Autopista Cuapiaxtla-Cuacnopalan Dealer, with a total length of 63km, of which the existing 26km will only be rehabilitated. "This concession implies a total investment of over EUR 200 million, a period of 30 years after the financial close, including 24 months of construction period to execute about EUR 140 million, and a guaranteed internal rate of return of 13, 5% in real terms ".

House Credit Implicit Fees

The National Institute of Statistics (INE) releases this month the implicit interest rates on housing loans for November. This indicator fell in October for the third consecutive month.

Also noteworthy are the November inflation figures for the Eurozone and the United Kingdom, and the December business climate in Germany, as measured by the Ifo Institute.

Palladium adds and goes and has reached $ 2,000 an ounce

Palladium exceeded $ 2,000 an ounce, a new record and a price that has never been reached for gold. And according to analysts, this palladium "sparkle" is not a short-lived sun – on the contrary, it must intensify.

Palladium rose 1.1 percent to $ 2,000.35 an ounce, and this year has set successive records associated with supply shortages. The metal has appreciated 58% since the beginning of the year and has recently surpassed even the highest price ever recorded for gold: $ 1,921.17 per ounce, a high of yellow metal dating to September 30, 2011.

Lagarde and Coeuré speak in Frankfurt

European Central Bank President Christine Lagarde and Frenchman Benoît Coeuré – who leaves the ECB Executive Board at the end of the month – are speakers at an event in Frankfurt.

Attending the same event Lael Brainard, a member of the Fed's board of governors.

Goldman Sachs Prefers Chevron to Exxon in 2020

Goldman Sachs energy analysts consider that one of the highlights of 2020 will be the appreciation of major oil companies. But some will be better than others. "We continue to prefer companies that generate free cash flow and superior return profiles that trade at a discount." "In this context, we see free cash flow profitability and more attractive returns at ConocoPhillips and Chevron than at Exxon Mobil," Goldman Sachs analysts consider.

Still in the oil field, the Energy Information Administration (IEA), which is under the auspices of the US Department of Energy, released data on last week's US crude inventories as well as stocks. of spirits and gasoline.

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