Markets respond with increases Draghi’s statements – The País.com (Spain)

Markets respond with increases Draghi's statements – The País.com (Spain)

Notice board and its reflection on the Bombay Stock Exchange. / EFE

The main European parks They welcomed Monday with the message increases the president of the European Central Bank (ECB), Mario Draghi, launched last Friday in Jackson Hole (USA), during a meeting of central bankers. Draghi was prepared to take further monetary measures to boost growth. He also noted that there is more scope for joint tax measures and undertake a comprehensive investment plan to support economic recovery.

The Ibex 35 dawned Monday with a rise of 1% and remained positive during throughout the session to close at 10,690 integers, and scoring a rise of 1.81%, the biggest gain of the month. The good performance of the stock moved to the debt markets. The Spanish 10-year bonds stood at a record low at 2.26%. The risk premium fell to 131.5 points, nine points Friday

Other European markets also showed a positive development throughout the day on Monday. Markets opened higher with gains 1%. Milan ended with the largest change (2.30%), while Frankfurt rose 1.83% at the end of the session. Paris is also a rise of 2.1% was noted, despite political turbulence which culminated Monday with the resignation of the cabinet of the president of the French executive, Manuel Valls, after domestic criticism of the government’s austerity policies.

All Ibex 35 closed in green. Companies in the Spanish index rose the most were Abengoa, whose shares rose to 4.19%, Indra (3.05%), BBVA (2.71%) and Santander (2.49%).

Also the S & P 500, the index representing the largest listed companies in the USA, was infected by the optimism and score maximum: first exceeded 2,000 basis points. The American Parquet already assumed that the rise in interest rates is a matter of time because the economy is approaching the objectives of the Federal Reserve, as hinted last Friday Janet Yellen, president of the Federal Reserve (Fed) . In his words the last operation of Roche, with the purchase of InterMune, and momentum for brands like Apple, although the housing sales data disappointed Brand added.

In the United States, without But what dominates is the caution and the movements are very short for the low volume. This week the first revision of growth figures for the second quarter, where you will see if the recovery is so strong and consolidates the annualized rate of 4% published last month published.

statements Draghi, who advanced settings possible on the monetary policy measures launched in June to ease credit and boost growth in the eurozone, they also built confidence in the debt market. If the Spanish risk premium-the spread that investors demand for local debt to the German- slipped to 131 basis points, the peripheral European countries also moved to the downside: the Italian premium fell six integers, to stand at 153 points, fell to the Portuguese and Greek 209 to 475.