Expand / European shares clearly point upwards, but without losing sight of the escalation of the euro, even above the $ 1.11. The Ibex prevents new lows and recovered earthly journey of 8,500 points. The bank adds to rebound led by Arcelor, Acerinox and Repsol.
The day gives respite to European equities. At yesterday’s close Wall Street triggered a rebound that led to higher end rises 1% in the S & P 500. The oil accelerated its comeback, and the dollar deflated with the help of the Fed’s bullish performance in equities. continued this morning at the Shanghai Stock Exchange, with increases of 1.5%.
The Spanish stock market has cleared the way for cutting full of falls accumulated since the beginning of February. Only in the first three days of the month the Dow lost more than 5.5%. The result of this setback, yesterday fell to 8,314 points, now close to their lows for the year. The rebound is noted that even today about the Ibex to 8,500 points.
The return of purchases from the Spanish equity grants a respite from the bench, one of the sectors hardest hit in recent days. At yesterday’s close, completed and sector earnings season, four banks (Popular, CaixaBank, Santander and Bankia) lost more than 20% only in 2016. In the case of Santander, this corrective deflated yesterday its price just below barrier of 50,000 million euros. Today, despite cuts Nomura, gets this level. BBVA also overcomes an unfavorable report Societe Generale and compensates corrective suffered yesterday following results. Besides banking, the session appears especially favorable for companies closely connected with raw materials. Arcelor and Acerinox highlighted in the Ibex rises alongside Repsol. The rebound 8% of oil yesterday on the Stock Exchange strengthens its comeback. Among the heavyweights, Telefónica attempts to shore up the threshold of 9 euros per share, while Inditex has to deal with the escalation of the euro in the last 24 hours.
European shares, after the drubbing suffered yesterday, change course. The Eurostoxx50 resumed its assault to the level of 3,000 points. In turn, oil and mining boost the FTSE towards 6,000 points. The results show season gains momentum. Shell Oil has published its lower profits in 13 years, while rival Statoil has surpassed expectations with its fourth quarter results. Norwegian oil stands out today in the stock market rises. Shares of Credit Suisse deflate the Zurich Stock Exchange to announce its first annual loss since 2008. The cement giant LafargeHolcim also receives their accounts with sharp falls, as is the case with the German automobile Daimler. The reinsurer Munich Re, for its part, highlights the rise thanks to results that have enabled it to raise its dividend.
In the final stage of the day yesterday the foreign exchange market shared some of the limelight with the oil. The dollar deflated with macro data published in the US and, especially, with the messages thrown from the Federa Reserve and pointing to a greater slowdown in the pace of increase in interest rates. The result was a sprint euro from the environment of $ 1.09 to the threshold of 1.11. In today’s session the single currency remains with highs above $ 1.11.
moved more cautiously than the Fed in realizing its announced rate hikes help contain step yields on European government debt. The interest demanded that the Spanish ten-year bond faces political uncertainty and returns to trade down 1.6%. The risk premium, meanwhile, repeated about 127 basis points which closed yesterday.
In the oil market, investors prolong the strong rises with which closed yesterday. A barrel of Brent expands its comeback to $ 35 a barrel while West Texas, US benchmark, comes at times to $ 33. Only 24 hours before the West Texas came down the barrier of $ 30
SPAIN. The Ibex 35 prevents new lows and manages to activate his comeback
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