The Ibex gets nervous with Greece – encerrado.net cat

The Ibex gets nervous with Greece

The Ibex 35 begins the week with the eye again in Greece. After
 the sharp rise on Friday (over 2%) and closed with accumulated growth
 0.35% for the week, return Concerns negotiations between
 Athens and its creditors to reach an agreement on the restructuring of the
 debt. Time moves, no agreement in sight and although negotiation seems
 He has taken something more pace, no significant progress still perceived.

 Eurogroup meeting today and discussed the status of the talks between the
 creditors and Athens. Investors do not expect any agreement today, yes
 They will be watching the tone of the European partners to elucidate if possible
 an agreement before July, when just the prolongation of the rescue.
 Also weighed in negotiating the payment of 750 million euros that Greece
 will have to pay the IMF on Tuesday.

 

As reported in The Wall Street Journal today, the IMF is preparing a plan
 contingency against a possible Greek exit from the euro. Specifically, the
 body chaired by Christine Lagarde would be working with the authorities
 countries like Bulgaria, whose financial system is highly exposed to the bench
 Greek, to prepare themselves before the Grexit.
Against this backdrop, investors
 They breathe deeply and opt for taking a break. The FTSE traded flat, with a
 slight rise of 0.1%. Prudence is imposed after the proceeds of the
 last session, when the overwhelming Conservative victory met at United
 Kingdom and the markets celebrated in style.
Wall Street,
 major US stock indexes opened with doubts. The Dow Jones
 industrial and S & P recorded slight declines, while the Nasdaq
 technological advances one decimal.
Once past the party
 British, you better be cautious. Even the decision of the People’s Bank
 China lowered interest rates a quarter point seems to be incentive
 suficente for European markets. The central bank announced a cut
 0.25 percentage points in rates for deposits and loans
 national, to 5.1% and 2.25%, a new effort of authority
 by injecting monetary stimulus in the Chinese economy to the “growing
 downward pressures, “the central bank. In the Tokyo Stock Exchange if it has
 applauded the decision and the Nikkei index closed with a rise of
 1.25%.
In the debt market, remain the tensions caused by the
 up of investors who took positions before the ECB started its
 asset purchase program and now they realize benefits. The profitability
 Spanish 10-year bond is at 1.68% while the risk premium is
 115 basis points. On Tuesday, the Treasury plans to award six and 12 letters
 months: at the last auction in points a year, interest was marginal
 0.10%, the lowest in the time series, and in letters to six months was 0%,
 bringing the average rate was negative 0.02%.
In the currency market,
 the euro fell 0.48% to $ 1.11. The pound remains firm and wins another
 0.4% (to $ 1.38) after the resounding victory of David Cameron in
 General elections.
oil rises 0.14% to $ 65.4
 barrel.

Five Days

Posted on Monday, May 11, 2015