The Spanish stock market rises 1.18% waiting for ECB decision … – Caracol Radio

The Spanish stock market rises 1.18% waiting for ECB decision … – Caracol Radio

Madrid, Jan 19 (EFE) .- The Spanish Exchange today closed higher and its index, Ibex 35 gained 1.18% or 118.60 integers, to 10,157.50 points, driven by the rise in Telefónica and banking and expectations of Thursday’s meeting of the European Central Bank (ECB).

Investors are now waiting for Thursday the European Central Bank (ECB) approve the program . to purchase sovereign debt of countries in the euro area

Like the Spanish market, the main European stock markets closed with gains: Milan rose 1.17%; Paris, 0.35%; London and Frankfurt 0.54%, 0.73%.

The Spanish Stock Exchange, following the bullish performance on Wall Street on Friday, opened today with gains, although no references in session macroeconomic relevance and New York markets were closed for the holiday of Martin Luther King.

Analysts said the gains today, the markets have already discounted the imminent intervention by the ECB in buying sovereign debt.

The possibility that the ECB announced Thursday that program was also noted in the debt market, where performance of the Spanish ten-year bond has traded near record lows, with a yield below 1.5%.

The Spanish risk premium -diferencial between the Spanish 10-year bond and the German of the same term- came down to 100 basis points.

Waiting for the ECB decision and the outcome of the elections in Greece January 25, the Spanish Bolsa happened today overlook the fall of almost 8% of the benchmark of Chinese stocks, after the regulator punish a dozen runners illegal trade activities and report various measures to reduce speculation.

The Spanish stock market was also driven by one of its greatest values, Telefónica, which according to market rumors, O2 talks to sell its UK subsidiary, to Hutchison Whampoa.

Telefónica shares are up 2.34% today.

From the great values ​​of the Spanish market, we has followed the BBVA, which has gained 1.59%; Iberdrola, 1.39%; Inditex, 0.92%; Santander, 0.77%; . and Repsol, 0.39%

The most bullish value of the IBEX 35 has been Grifols, which rose 4.93%; followed by Sacyr, 3.18% and Bankinter, which has appreciated 2.39%.

On the side of the losses noted Técnicas Reunidas, which lost 4.81%.

Realia has emerged as the value that has won all the Spanish stock market, with a rise of 12.26%.

The volume of transactions on this session was 3,500 million euros ( over 4,000 million) .EFE