Continuing a trend that has been common during the economic crisis, companies on the Spanish stock market index Ibex 35 continue to look beyond Europe for new markets in which to grow and prosper.
Half of Ibex corporate sales are coming from emerging economies in the Americas and Asia. Despite regional turmoil in these places, earnings from there are expected to keep rising, because Ibex companies are making a strong effort to penetrate markets there and capitalize on their growing middle classes. Companies such as Gamesa, IGA, Técnicas Reunidas and Santander have been able to depend less on traditional European markets. And this is a good thing if Putin?s threats turn into something more.
