Madrid, April 20 (EFE) .- The main selective Spanish stock market, the IBEX 35, has closed today’s session with a rise of 0.22 %, encouraged by widespread gains in Europe, but has failed to regain altitude of 11,400 points.
With the risk premium of 139 basis points, compounded by the minimum marking German bonds, considered “shelter” to the Greek crisis, the IBEX 35 has added 25.20 points, that 0.22% to 11384.60 points; annual earnings are extended to 10.75%.
After the collapse of the Spanish Stock Exchange last Friday, where the IBEX 35 was allowed to 2.17% at its worst session since January, investors have opted for purchases at the beginning of the day, encouraged by the progress of other places on the continent.
Frankfurt today has scored a rise of 1.74%, although the German central bank has today predicted slowing growth. Milan, meanwhile, is up 1.25%; Paris, London 0.86% and 0.82%.
Despite the upward beginning at noon the IBEX 35 scampered from their European counterparts and lost 0.17%, affected by the sharp declines in the banking sector, which experienced setbacks for fear that Greece fails to reach agreement with its creditors.
The tensions between Greece and its European partners will again put aside the rest of macroeconomic references this week, until the Eurogroup meets on Friday.
While the European Commission said today that negotiations with Greece “have intensified” and that the representatives will continue to meet in the coming days, European Commissioner for European Affairs, Pierre Moscovici, on Monday urged the Greek Executive to submit a list of “sufficiently credible” steps to accelerate the process.
According to the experts consulted by Efe, the solution to unlock the stretch outstanding aid will be postponed until May.
Across the Atlantic, Wall Street has also started the week higher, encouraged by new stimuli announced in China to boost the economy and good quarterly results from Morgan Stanley.
It has also favored the US market profits rise in oil prices, which in the case of price-of benchmark Brent barrel traded in Europe at the close of the session in Spain to 63 , $ 8.
The significant increases in Europe, coupled with positive opening on Wall Street, prompted investors to resume purchases on the IBEX 35 in the closing stages of the session.
Among the major IBEX 35, most ended the session in positive because Repsol has risen 0.72%; Telefónica 0.63%; Santander 0.40%; Iberdrola 0.08%; however, Inditex has fallen by 0.25% and 0.26% BBVA.
IAG and CaixaBank have led gains in the session, with increases of 1.24% and 1.15% ., respectively, while Mapfre and FCC have been the most bearish, falling 2.34% and 0.82%
No comments:
Post a Comment