Monday, February 2, 2015

The Ibex-35 opens lower ballast banking and worry about … – Investing.com Spain

The Ibex-35 opens lower ballast banking and worry about … – Investing.com Spain

MADRID (Reuters) – The reopened on Monday with negative tone driven by banks after the close in negative in Wall Street and data on activity in China revived concerns about the second economy in the world <. / p>

The Spanish stock market showed a worse performance than other European markets, which showed slightly higher, with declines in the banking sector, especially Bankia (MC :) after the delay in the publication of results.

The financial group controlled by the State Spanish, said on Friday that does not publish its 2014 accounts to know how much money should be set aside to address possible compensation for its failed exit bag in 2011.

The weekend The Confidential reported that the Finance Ministry refuses to take over the eventual cost of compensation.

“The issue of Bankia is dragging the banking sector, and this must be added the fear of a capital increase at Telefónica,” said operator bag in Madrid.

According to a report by The Confidential, Telefónica (MC :) JP Morgan instructed to prepare a capital increase by between 4,000 and 5,000 million euros to fund recent acquisitions in Europe and Latin America, as well as bolster the balance of the group.

The operator traded fell by 1.6 percent.

Among the rest of the banking sector was markedly bearish tone : Santander (MC :) was down 1.4 percent (MC: BBVA), 1.56 percent, Popular (MC :), 2.9 percent (MC: CABK) 1.9 . per cent and Sabadell (MC :), 3.7 percent

also fell other heavyweights like (MC: IBE), 0.8 percent and Natural Gas (MC :) 0 , 5 percent. Upward put up with (MC: ITX), 0.09 percent, and (MC: REP)., 0.06 percent

In the debt market, the differential of Spanish debt 10 years against its German equivalent & lt; ES10YT = TWEB & gt; & lt; DE10YT = TWEB & gt; rose to 112 basis points, while otherwise maintaining uncertainty about problems you may find the new Greek government in its attempt to renegotiate the debt with European partners and the IMF.

The Hellenic Executive started Sunday his campaign to convince skeptical European leaders to accept a new debt deal, as he begins to withdraw the austerity measures imposed by its bailout agreement into force.

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