Monday, January 5, 2015

The IBEX fell 1 percent at midday due to the tension between … – Yahoo Finance Spain

The IBEX fell 1 percent at midday due to the tension between … – Yahoo Finance Spain

Madrid, Jan. 5 (EFE) .- The main indicator of the Spanish stock exchange, the IBEX 35, fell 1% at noon at the escalation of tension between Greece and Germany, which somewhat overshadowed the good news of the fall in unemployment in 2014 in Spain.

At 12:00 hours, the Spanish index lost 104 points, or the 1% and stood at 10,246 units, while the General Index of the Madrid Stock Exchange was down 0.89% and remained at 1,038 points.

At this time, the risk premium of Spain, which again placed first hour above 100 basis points, 104 points touched after a new rise in interest of ten-year bond, infected by the uncertainty generated by the situation in Greece.

The market is feeling the impact of new debate over a possible Greek exit from the euro, which reopened yesterday Germany to the possibility that Alexis Tsipras, Syriza party, wins the general election in Greece on January 25 and bring the country to disrupt the reformist course.

The German Vice Chancellor and Economy Minister Sigmar Gabriel, warned that the euro zone “is not left blackmail” and hopes that the Government of Greece “regardless of who is in itself, respects the agreements reached with the EU “.

In Europe, Milan fell 1.40% and Paris, 0.54%, as London, Frankfurt while 0.28% was left, after the euro fell to $ 1.923.

Within the MAB, the main protagonist of the day is Carbures, which fell 75% after being readmitted to trading after being suspended since last October 8.

According to experts Self Bank, this collapse occurs even though the report has asked the PwC audit determines that the accounts do express the reality of the business ,. although they recommend more prudent criteria in the way of accounting for revenue.

The Banco Sabadell and Popular headed at this hour market losses, which were 2.21% and 2.17%, while the meager profits remained in the hands of IAG and Red Eléctrica, with respective increases of 2.33% and 1.07%.

As for the great values, Repsol fell 2.08% ; BBVA, 1.93%; Telefónica, 1.43%; Santander, Iberdrola and 1.17%, 0.38%.

Until 12:00 hours, the Spanish stock market had negotiated more than 500 million euros, of which 85 corresponded to Santander shares and other securities of BBVA 62

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