The Ibex-35 of the Spanish stock market opened the week with gains, in line with other European markets, who were supported by the new euro weakness that improves the competitiveness of eurozone economies in international markets. In the picture, traders in the Madrid Stock Exchange, the November 17, 2014
. Photo: Andrea Comas / Reuters
The Ibex-35 of the Spanish stock market opened the week with gains, in line with other European markets, who were supported by the new euro weakness improving competitiveness economies of the eurozone in international markets.
After the start of bond purchases by the European Central Bank on Monday, the common currency has fallen to its lowest levels in 12 years versus the dollar, changing Monday at around $ 1.05.
At 0915 hours, the Ibex-35 was up 0.5 percent to 11,095 points, while the pan-European index added Eurofirst 300 0.34 percent.
In the bond market, the yield on Spanish 10-year bond stood at 1.045 percent while the risk premium two contracted basis points to 82 basis points.
The Ibex advance was led by Inditex, whose shares were up 1.53 percent after its rival Hennes & amp; Mauritz announced this morning a rise in sales of 15 percent in February. Inditex will present its results by the end of 2014 and early 2015 on Wednesday and analysts expect an improvement in revenue and profit for economic recovery in Spain and the reversal of the strong euro, which depleted their income in markets international. [ID: nL5N0WE489]
In the banking sector, Santander rose 0.7 percent and 0.4 percent BBVA.
Among the other great values, Repsol up 0.2 percent and Telefonica gained 0.45 percent.
Outside the Ibex, the Amper Technology Group climbed 12.7 percent to 0.62 euros after approving the shareholders meeting on Sunday a new capital
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