Thursday, April 16, 2015

The IBEX climbing 0.60% at midday despite Greece and China and … – Yahoo Finance Spain

Madrid, April 15 (EFE) .- The main indicator of the Spanish stock exchange, the IBEX 35, rose 0.60% at midday, despite the slowdown in Chinese growth and the increasingly likely possibility that Greece runs out of the euro area, with the remaining investors of the meeting held today the European Central Bank.

At 12:00 hours, the Spanish index added 70.60 points and stood at 11,775 units, while the General Index of the Madrid Stock Exchange was up 0.60%.

Although already openly discussed the possibility of Greece leaving the euro area, in what is now referred to by the president of the European Commission Jose Manuel Barroso, since it has been confirmed that China grows at a slower pace than expected, European investors opted decisively for purchases .

Where did the fear of the effects that could have a default by Greece was in the secondary debt market, where the risk premium of Spain stood at 117 basis points and the interest it showed 10-year bond at 1.29%.

But in the equity markets view is set at the meeting held today the ECB, which no change is expected in monetary policy but only confirmation that improved growth and inflation remains low.

With major US futures indexes also positive, European stock increases of 0.93% is pointed in Milan, the 0.66% in Paris, Frankfurt 0.46% and 0.33% in London.

Within the IBEX highlighted the OHL rally of more than 3%, which remained in Platoon most banks: CaixaBank advanced 2.44%, Bankinter, 1.73%, Bankia, 1.64%, People, 1.29%, Sabadell, 1.15%, BBVA, 0.90%, and Santander 0.25%.

With regard to other large values ​​of the index, rose 1.01% Repsol, Telefónica, 0,81º%, Inditex, 0.75%, and Iberdrola, 0.18%.

Until 12:00 hours, the Spanish stock market had negotiated 1,206 million euros, of which 333 correspond to an operation block on shares of Santander and other 92 ordinary trading . on the same value

In the currency market, the euro fell to $ 1.059

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