The securities company Renta 4, established in the Canary Islands twelve years ago, has decided to strengthen its services on the island of Lanzarote and is currently hiring and training new personnel to meet the demand of its current and future clients.
For this reason, the president and founder of the group, Juan Carlos Ureta, has visited the island, who first in a press conference and then in a colloquium lunch explained to journalists, businessmen, professionals and investors how the stock markets are doing and what the prospects are for the coming year.
Regarding the Canary economy, Ureta pointed out that the archipelago has "its own oil" in its geographical location and climate, and added that this is why he has always believed in the possibilities of the islands, which also have their own business class.
Juan Carlos Ureta, who is a member of advisory and management boards of several Spanish and European companies, considered that the strong and continuous growth that the world economy has been experiencing still has a way to go, which he attributed mainly to the incorporation of new markets, such as the Asian one, and to the existence of cheap financing that causes abundant liquidity.
The president of Renta 4 assured that the stable financing conditions that can be seen in the medium term mean that the stock markets are today hoarding quality paper (buying shares of solid companies with good dividends), and ventured that the economic cycle, which has practically no risk premiums, has a long and sustained way to go.
Juan Carlos Ureta added that no bubbles are seen, because the presumed real estate bubble seems to be transformed into more reasonable and stable growth, although he stressed that, as always, there will be ups and downs and the stock markets will suffer the corresponding corrections, which are healthier and necessary for progress than vertical growth.
In this regard, he said that the moments of corrections in the stock markets will be good buying options, and in fact this has been evident in recent months, and he made no recommendations on specific values, but advised investing in quality companies, with good dividends and that are cheap, which in his opinion there are many.
