Ibex-35 index opened lower on concerns about Greece, Bankia falls after … – Terra Colombia

The Ibex-35 was inclined declines on Monday cleared no doubts about Greece following the Eurogroup meeting, while Bankia was down 1.8 percent after presenting the results of the first quarter.

The Ibex-35 was inclined declines on Monday cleared no doubts about Greece following the Eurogroup meeting, while Bankia was down 1.8 percent after presenting the results of the first quarter. In the image file, German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras at the end of a news conference after talks in Berlin on 23 March 2015.

Photo: Hannibal Hanschke / Reuters

At Renta 4 values ​​stand Wednesday that investors expect a meeting of the Federal Reserve and the publication of first-quarter US (both events on Wednesday) GDP, while the Eurogroup meets emergency that day to the difficulties in finding an agreement between the European partners on Greek debt.

“The scope of an agreement is crucial and increasingly urgent given that Greece is running out of cash and has to deal with very high payments in May and June and their banks are totally dependent on the ELA ( ECB liquidity fund), “they said.

“Under this scenario, Greece should continue printing volatility to the markets.”

While the market is still digesting business on both sides of the Atlantic, Bankia, which initially opened higher results, it was the value hardest hit traded in the main Spanish stock index after reporting a slight drop in net interest income despite increasing profit attributable 12.8 percent.

“Initially the bias positive came by trimming bail bonds we met late last week, but the results have come out a little worse at the operational level,” said a broker in Madrid.

For the rest of the banking sector also had losses, with a cut of 1 percent in Santander and BBVA 0.8 percent.

Among other great values, Telefonica fell 0.5 percent, 0.8 percent Iberdrola, Repsol down 0.5 percent and 1.1 percent Inditex.

After a half hour session, the FTSE fell 1 percent to 11391.0 points, unable to maintain the level of 11,500 that started the day, while the index of top European shares was down FTSEurofirst 0.37 percent.