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Spanish stocks - Factors to watch on Wednesday

Source: Reuters - Wed 24th Nov 2010

The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:


Losses at Spain's CajaSur, which is merging with peer BBK following Bank of Spain intervention in May, reached 852 million euros to August, more than four times the figure recorded in June, due to stricter criteria on asset valuations and bad loans, Spanish newspapers said, citing a Deloitte audit.


The oil major's board meets on Wednesday and is expected to decide on a 2010 dividend.

Separately, four international oil companies operating in Ecuador agreed to new service deals on Tuesday, leaving Brazil's Petrobras as the only major operator that may not sign the contract in time to meet a midnight deadline.


Spain's government won approval to issue 13.5 billion to 25 billion euros of state-backed bonds in a securitization of a power rate deficit, the securities regulator said on Tuesday.

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