Spanish stock market rises 0.42% aupada by banks and despite Wall … – Today Digital (Dominican Republic)

Madrid. The Spanish stock market has appreciated 0.42 percent today in a session in which he was animated by the values ​​of banking and despite the negative trend of Wall Street.

In fact today, annual earnings in the Spanish stock market rising to 12.55 percent. In the rest of Europe, Paris rose 0.57%; Milan 0.87; London and Frankfurt 0.54 0.29%.

The Spanish stock market began the first meeting in April in negative, in line with the downward trend with which closed yesterday Wall Street, and that remained now Tokyo, who finished at its lowest level in three weeks, after the Bank of Japan revealed the stagnation of confidence of Japanese big manufacturers.

Similarly, the Exchange Spanish was seen with profit taking after the good results registered in the first quarter, when it has gained more than 12%, the best annual start the market since 1998.

However, soon turned around and traded in positive, very close to the maximum five years, favored by survey data on manufacturing in Europe.

These data reveal that the Spanish manufacturing sector increased production and new orders in March, prompting companies hired staff at the fastest pace since June 2007. Background concerns remained about the situation in Greece is now negotiating again with the “Group of Brussels” measures must perform for European aid.

While waiting for what might happen, the Spanish risk premium traded lower, below 100 basis points, a fall that was hosting positively by the bank, which was the sector that led today’s earnings Spanish flag.

However, just over an hour for closing, the Spanish stock market began to reduce profits, and even traded as negative, driven by Wall Street, who started the day with losses, affected by a worse thing than expected on the labor market.

Nevertheless, the national Bolsa returned to profit, but failed to reach session highs, close to 11,700 points.

A dimension with which the Spanish stock market highs have validated January 2010. Of the major IBEX 35, BBVA He appreciated 1.93%; Repsol 1.12; Iberdrola 0.53; Telefónica and Santander 0.23 0.04% while Inditex lost 0.59%.

Within the IBEX 35, the value was bullish Popular Bank, which won 2.76% while on the side of said OHL losses which depreciated 1.97%.