MADRID (Reuters) – After four days remain closed for the weekend and the holiday feast, the main Spanish stock index opened with a negative trend on Monday with the attention on the possibility that Greece was bounced to early elections.
On Monday there will be a vote in the Greek Parliament which, if not end with the election of a president, would lead to a general election weeks in which the markets fear the rise to power of leftist group Syriza, opposed to the austerity policies imposed by international rescue of the country.
Moreover, it is a day of transition before the end of a year in which the Ibex-35 has scored so far an increase of 5 percent.
“The course of the next few weeks will begin to look the week comes with the new year, these days are a formality, “said a trader in Madrid in reference to typical closing portfolios end of the year.
At 09.24 hours, the index fell 0.47 10432.3 percent points. The market opened only half day on Wednesday, December 24 and remained closed on Thursday and Friday. This week only open three days until Wednesday, a day in which will close at 14.00, three hours earlier than usual.
Among the larger the index, the two main banks showed moderate declines -from 0.3 percent in Santander and BBVA 0.4 percent, while Telefónica was left 1.7 percent.
Other titles with more weight pulling down were Repsol (0.315 percent), Iberdrola (0.9 percent) and Inditex (one 0.565 percent).
The Bull stood FCC, with an increase of 1.6 percent. The group’s shares construction and services have been very volatile in recent weeks, in which the group has successfully closed an extension of vital capital for refinancing.
The risk premium Spanish bond was around 108 basis points, similar to the stock market close on Tuesday levels
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