The Spanish stock market fell by 0.72% to close dragged by banks … – Caracol Radio

The Spanish stock market fell by 0.72% to close dragged by banks … – Caracol Radio

Madrid, February 2 (EFE) .- The Spanish Exchange today closed down and its index, IBEX 35 lost 0.72% to 10328.10 points, influenced by the decline in the shares of banks , Telefonica and investor concern about the position of the new Greek government.

Among the main European markets, only accompanied the Spanish Milan Stock Exchange in the losses, dropping 0.09%, while than Paris won 0.51%; London and Frankfurt 0.49%, 1.25%.

The Spanish Stock Exchange began the session with losses of more than 1%, dragged down by banks, since, according to analysts, doubts raised by the delay in presenting the results of Bankia, scheduled for today, moved the entire industry.

The market was also influenced by the contraction of manufacturing activity in China, and Telefónica that rumored studies raise capital between 4,000 and 5,000 million euros.

Jose Luis Martinez Campuzano, strategist at Citi, said the Spanish Stock Exchange was driven by sharp falls Friday on Wall Street, and all by the “Greek effect”, whose new government begins a tour of several European countries to renegotiate its debt.

The situation of the Hellenic country continues to raise doubts in the market although the government has said that intends to seek consensus with its partners and to reach agreement in the next two months.

A speech that has tried to reassure investors that has led to the Athens Stock Exchange was fired.

Meanwhile, the European Commission refused to speculate on a possible dismantling of the troika in negotiations with the new government of Greece.

The news about the production and new orders in the Spanish manufacturing sector have increased their growth rate in January, the PMI index, or that the car market starts 2015 with growth of 27.5% did not achieve pep in the market.

Before noon, the Spanish Stock Exchange was left more than 2%, fall however was reduced at the end of the session by improving the financial sector.

Wall Street opened undecided despite improvement . oil and construction spending in the US but with a worse than expected data on consumption

Of the major IBEX 35, Telefónica has been left 2.67%; Iberdrola, 1.04%; Banco Santander, 0.42%; Inditex, 0.06%; . while BBVA has gained 0.47% and Repsol, 1.79%

Mediaset has been the value of the IBEX 35 that has lost 3.38%; followed by IAG, 3.10%, while Abengoa has been the most bullish, 3.75%.

In the continuous market, Natra has highlighted the down 4.62%, while San Jose has done to raise 20.22%.

Realia tripped 18.02% to the possible purchase by the Mexican tycoon Carlos Slim. MarketWatch

mtd / jj / pdp