Friday, March 11, 2016

The Ibex expands its 3% gains in afternoon trading, with Popular soared 10.2% – Yahoo Finance Spain

MADRID, 11 (EUROPA PRESS)

The Ibex 35 extended gains in afternoon trading on Friday and rallied 3.07% , allowing the selective hold above the psychological level of 9,000 points (9035.8) with banks starring advances, among which was the People (+10.2%).

in the debt market, the risk premium stood at 121.2 basis points, with the yield of ten-year bond at 1.479%. Meanwhile, in the foreign exchange market, the euro traded at $ 1.1083.

The measures announced yesterday by the President of the European Central Bank (ECB), Mario Draghi, encouraged banking, which copaba the top five ranking of rises, with Popular to the head.

Bankia rallied 7.9%, 6.6% Sabadell, Santander and BBVA 5.5% 4.9% . Outside the ‘top five’ were CaixaBank, which was revalued by 4.4% and Bankinter (+ 3.4%). FCC was the only value that jutted selective losses, with a slight cut of 0.1%.

The positive spread between the great values, led by Santander and BBVA. Telefonica was up 3%, 2.9% Repsol, 2.22% Endesa, Iberdrola Inditex 1.8% and 0.8%.

In this context, the Ibex led hikes in Europe and was placed ahead of Frankfurt (+ 2.87%), Paris (+ 2.82%) and London (+1,57%).

The market strategist at IG Daniel Pingarrón explained that the bags, in a second reading of the measures announced by the ECB, are finding fault with “the absolutely extravagant movement that had yesterday and regain lost ground”.

“the truth is that measures yesterday announced by Draghi are positive to fuel the rebound since 11 February. with oil above $ 40, the yuan gaining ground and the euro deflating, chances are that the bags continue to rise, “he added.

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